 |
National Skill Development Corporation India (NSDC) |
National Skill Development Corporation India (NSDC), established in 2009, is a not- for- profit company set up by the Ministry of Finance, under Section 25 of the Companies Act,1956 corresponding to Section 8 of the Companies Act,2013. The present equity base of NSDC is Rs.10 crore, of which the Government of India through Ministry of Skill Development & Entrepreneurship (MSDE ) holds 49%, while the private sector has the balance 51%. NSDC aims to promote skill development by catalyzing creation of large, quality and for-profit vocational institutions. Further, the organisation provides funding to build scalable and profitable vocational training initiatives. Its mandate is also to enable support system which focuses on quality assurance, information systems and train the trainer academies either directly or through partnerships. NSDC acts as a catalyst in skill development by providing funding to enterprises, companies and organizations that provide skill training. It also develops appropriate models to enhance, support and coordinate private sector initiatives. The differentiated focus on 21 sectors under NSDC’s purview and its understanding of their viability will make every sector attractive to private investment.