The Investing in the Teaching Workforce scheme will create just 31 jobs for those who are out-of-work.
When the scheme was first unveiled, it was hoped that up to 500 recently qualified graduates would replace those willing to retire early. The Northern Ireland Executive was to allocate £33 million.
This dropped to £8 million and the proposed numbers to 120 teachers by the time of its official launch.
The scheme was suspended in March after a teacher launched a legal challenge claiming he was being unlawfully excluded from applying for vacancies because of his greater experience. This was rejected at the High Court.
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