National Skill Development Corporation (NSDC)
Kartavya Desk Staff
Source: NIE
Context: The National Skill Development Corporation (NSDC) announced plans to establish 50 Future Skills Centres (FSCs) and 10 NSDC International Academies to boost skill development in India.
About National Skill Development Corporation (NSDC):
• What is NSDC?
• A not-for-profit public limited company established to enhance skill development in India. Operates under the Ministry of Skill Development & Entrepreneurship (MSDE).
• A not-for-profit public limited company established to enhance skill development in India.
• Operates under the Ministry of Skill Development & Entrepreneurship (MSDE).
• Established In:
• Founded on July 31, 2008, as a Public-Private Partnership (PPP) model under Section 25 of the Companies Act, 1956 (now Section 8 under the 2013 Act).
• Founded on July 31, 2008, as a Public-Private Partnership (PPP) model under Section 25 of the Companies Act, 1956 (now Section 8 under the 2013 Act).
• Shareholding Structure
• 49% government stake and 51% private sector participation, ensuring a collaborative skill development framework.
• 49% government stake and 51% private sector participation, ensuring a collaborative skill development framework.
• Aim of NSDC:
• To bridge the skill gap by providing industry-relevant training and enhancing workforce readiness. To support enterprises, start-ups, and training organizations through funding and concessional loans.
• To bridge the skill gap by providing industry-relevant training and enhancing workforce readiness.
• To support enterprises, start-ups, and training organizations through funding and concessional loans.
• Key Functions of NSDC: Skill Development & Training: Provides vocational training and certification in emerging technologies to align with industry needs. Apprenticeship & Job Training: Implements NAPS with 5 million apprentices, disbursing ₹100,250 million for skill-based learning. Digital & Remote Skilling: Runs Skill India Digital Hub (SIDH) with 7,100 courses in 23 languages, reaching 30 crore candidates. Job & Career Support: NSDC JobX connects job seekers with employers, aiding resume building, career coaching, and placements for 4 million candidates.
• Skill Development & Training: Provides vocational training and certification in emerging technologies to align with industry needs.
• Apprenticeship & Job Training: Implements NAPS with 5 million apprentices, disbursing ₹100,250 million for skill-based learning.
• Digital & Remote Skilling: Runs Skill India Digital Hub (SIDH) with 7,100 courses in 23 languages, reaching 30 crore candidates.
• Job & Career Support: NSDC JobX connects job seekers with employers, aiding resume building, career coaching, and placements for 4 million candidates.