Several accepted candidates back out of PM Internship scheme. Here's why
The PM Internship scheme was announced in the Budget 2024 for giving 10 million internships in 500 top companies over five years to enhance youth employability.
The pilot project of the new PM Internship Scheme saw a number of candidates withdrawing after being offered internships, according to an Economic Timesreport.
The acceptance rate for the programme was about a third of all applicants in the first week, but many backed out at the last minute (Representative Image: Pexel)
This is because the scheme's target of getting 125,000 interns in the initial pilot project will most likely be achieved since more than 620,000 aspirants had applied.
The first batch of serious candidates for the pilot project will be starting their internships on Monday, December 9, 2024 and the scheme's formal launch may happen later this month.
What are the details of the PM Internship scheme?
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The PM Internship scheme was announced by finance minister Nirmala Sitharaman in the Budget 2024 in July, with a target of giving internship opportunities to 10 million young Indians in 500 top companies over a period of five years to enhance their employability.
Some of the companies that joined the initial pilot project included Reliance Industries, Tata Consultancy Services, HDFC Bank, Maruti Suzuki, Larsen & Toubro, Mahindra & Mahindra, Bajaj Finance and Jubilant Foodworks.
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Home/Business/Several accepted candidates back out of PM Internship scheme. Here's why
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