MINSTER OF THE STATE IN THE MINISTRY OF LABOUR & EMPLOYMENT (SHRI HARISH RAWAT)
(a) National Skill Development Corporation (NSDC) has been set up as non-profit company under Section 25
of the companies Act-1956 under the Ministry of Finance. The objective of NSDC is to fulfill the growing
need for skilled manpower in the country, mainly by fostering private sector initiatives in skill development.
The salient features of NSDC are:
1. Upgrade skills of work force through significant industry involvement specially for underprivileged
sections of society and backward regions of the country.
2. Enhance, support and coordinate private sector initiatives for skill development through Public-Private
Partnership (PPP) models.
3. Prioritize initiatives that can have a multiplier or catalytic effect.
(b) NSDC has a target of skilling / upskilling 150 mn people by the year 2022 and
so far 3 proposals have been cleared to train 10,39,000 persons in next 10 years.
(c) National Skill Development Fund NSDF(Trust) has allocated Rs.200 Crore to NSDC during FY 2009-10.
NSDC has, so far released Rs 13.05 crore for
funding of following three proposals. During financial year 2009-10, a sum of Rs 7.15 crore was released.
Rs 3.69 crore was released to Gems & Jewellery Export Promotion Council / Indian Institute of Gems &
Jewellery, Jaipur, Rajasthan and Rs. 3.46 crore was released to BASIX Academy for Building Life Long
Employability Limited a company having Pan-India presence.
During the current financial year 2010-11, Rs.5.90 Crore has been released to Gram Tarang Employability
Training Services Private Limited, Orissa. NSDC does not release funds to State governments.
(d)& (e) The objective of NSDC is to skill/ upskill 150 million people in India including persons from rural
areas by the year 2022, mainly by fostering private sector initiatives in skill development programmes and
providing viability gap funding. NSDC would cover skills from the organized as well as from the un-organized
sector.
(f) & (g) NSDC will play a significant enabling role in some of essential support services like
curriculum, faculty and their training, standards and quality assurance, technology platforms,
student placement mechanisms and setting up standards and accreditation systems in partnership
with industry associations. All these with participation of industry would improve quality of
human resources.