One of the people told ET that in the first week that companies extended offers under the scheme in November, the acceptance rate was around one-third, with many candidates declining at the last minute. That’s what it means.
Since then, the acceptance rate has increased to about two-thirds of offers and is gradually improving further, he said.
He added that some candidates have cited reasons such as having applied for the scheme under pressure from their parents for later withdrawing.
Although the scheme’s goal of attracting 125,000 interns in the initial pilot project will be achieved, more than 620,000 applicants applied by the time the registration window closed, so the Ministry of Corporate Affairs and Communications will These issues will be taken into account when expanding the system. said the person. “This will be a big lesson to be learned from the pilot project. While there is no shortage of candidates willing to participate, many less serious applicants may reject offers as well. “Companies need to be prepared for this system when it starts and expands,” said one of the people quoted above.
Questions sent to the ministry on November 26 were not answered until the paper was published on December 3. The first group of candidates under the scheme will begin their internships on Monday, with more candidates to follow. However, the formal launch of the scheme could occur later this month. The scheme, announced by Finance Minister Nirmala Sitharaman in July’s budget, has a broad goal of providing internship opportunities to 10 million young Indians in 500 top companies over five years and spurring business growth. It is being raised. Employability of India’s youth.
Reliance Industries, Tata Consultancy Services, HDFC Bank, Maruti Suzuki, Larsen & Toubro, Mahindra & Mahindra, Bajaj Finance and Jubilant Foodworks are among the companies that participated in the pilot project.
