Within the first week of corporations extending presents beneath the scheme in November, the acceptance fee was a couple of third, with many candidates backing out on the final minute, one of many individuals advised ET.
The acceptance fee rose to about two-thirds of the presents later and is progressively bettering additional, he mentioned.
Some candidates have cited causes, together with making use of for the scheme beneath stress from mother and father, for backing out later, he added.
Whereas the scheme’s goal of drawing 125,000 interns within the preliminary pilot challenge might be realised, as greater than 620,000 aspirants had utilized earlier than the registration window closed, the company affairs ministry will think about such points when it expands the scheme within the coming months, the individual mentioned. “That is going to be a serious lesson from the pilot challenge. There isn’t a dearth of candidates keen to hitch however many non-serious candidates might reject the presents as properly. So the federal government and firms have to be ready for that when the scheme is expanded,” mentioned one of many individuals cited above.
Queries despatched to the ministry on November 26 remained unanswered till the paper went to press on December 3.The primary batch of candidates beneath the scheme began the internship on Monday and extra will observe go well with. However a proper launch of the scheme might happen later this month.The scheme, introduced by finance minister Nirmala Sitharaman within the July finances, has a broad goal of offering internship alternatives to 10 million younger Indians in 500 prime corporations over 5 years to boost employability amongst younger Indians.
Reliance Industries, Tata Consultancy Providers, HDFC Financial institution, Maruti Suzuki, Larsen & Toubro, Mahindra & Mahindra, Bajaj Finance and Jubilant Foodworks are among the many corporations which have joined the pilot challenge.
