(a) Whether the Government has launched National Skill Development Corporation
recently;
(b) If so, the complete details thereof;
(c) The funds to be allocated for the corporation; and
(d) The work undertaken so far and proposed to be undertaken by it?
To be answered by Minister of State in the Ministry of Finance (SHRI NAMO NARAIN MEENA)
(a) to(d)
Government under `Co-ordinated action for Skill Development` approved
setting up of a National Skill Development Corporation (NSDC). Accordingly,
NSDC has been set up as a non¬profit company under Section 25 of the Companies
Act, 1956, on July 31, 2008, as a public private partnership in skill development,
for co-coordinating/stimulating private sector initiatives. It has been formally
launched on October 20, 2009. The Mission of NSDC is to open up the `skills economy`
to make it market led.
The key objective of NSDC is to promote skill development in 20 High Growth
Sectors and unorganized sector.
The Central Government has also created a national skill development fund
with an initial corpus of Rs. 995.10 crore for supporting the activities of the
Corporation. The corpus of the fund is expected to go up to about Rs.15,000 crore
as it is intended to garner capital from Governments, the public and private sector,
and bilateral & multilateral sources. NSDC has been mandated to train about
150 million persons by 2022 under the National Skill Development Policy and with
a view to achieve this target, a detailed plan of action has been worked out
indicating inter alia, the key focus areas, organizational structure and strategic
interventions in critical sectors of economy. NSDC has so far received 9 proposals
on skill development which have been evaluated and letter of intent has been signed
with 2 (two) of the proposers. Legal due diligence is underway and MOU/Agreements
will be signed thereafter.