MINISTER OF STATE FOR LABOUR AND EPLOYMENT (SHRI HARISH RAWAT)
(a)to(d) Government has approved National Policy on Skill Development, a guiding document
for Skill Development Programmes in the Country. The policy has mandated National Skill
Development Corporation (NSDC) to train 15 crore people by the year 2022 .Government
has set up NSDC under M/o Finance as a not for profit company under Section 25 of the
Companies Act, 1956 mainly to foster private sector initiatives in skill development
programmes and providing viability gap funding. It has an equity base of Rs. 10 crore
of which 49% is contributed by the Central Government and 51% by the private sector.
The corporation is being funded by National Skill Development Fund-NSDF (trust) which
is 100% Government managed Trust. Rs. 1000 crore has been allocated as Government commitment
and Rs. 15,000 crore is envisaged to be generated from other governments, public sector,
private sector, bilateral and multilateral sources . NSDF has so far released Rs.200 crore
to NSDC.
(e) & (f) Presently, Government has not proposed to set-up Regional Skill Development Council.
However, State Governments have been advised to set up State Skill Development Missions (SSDM) under the chairmanship of the Chief Ministers of respective States. SSDM has been
set up by 25 States and 5 Union Territories.