‘Internship beneficiaries will be picked in a fair and transparent way’
Business new tamfitronics Finance secretary TV Somanathan says there will be objective criteria to decide candidates selected for the internship scheme. He argues that some of the incentives for employment will pull down entry barriers for first-timersHow is the employment scheme going to be implemented?There are three direct incentives for employment, two for skilling. In the first three, there are three parts.One is an incentive which will be paid to every first timer who enters the formal job market. If we receive the CV of somebody with no experience, versus the CV of somebody with experience, the person with experience is preferred. There is a cost to the employer in absorbing a first timer into the organization because that person has to go through the learning curve. By providing a subsidy to...
