All About NSDC
1. What is the NSDC?
NSDC is a first-of-its-kind Public Private Partnership (PPP) in India set up to facilitate the development and upgrading of the skills of the growing Indian workforce through skill training programs. A large part of the organisation’s efforts are directed at the private sector and towards developing the skills in the unorganised sector in India. NSDC supports skill development efforts, especially in the unorganised sector in India by funding skill training and development programmes. It also engages in advocacy and training programmes, in-depth research to discover skill gaps in the Indian workforce, and developing accreditation norms. To know more, click here.
2. Why is there a need for an organisation like NSDC?
A growing economy like India requires a large and skilled workforce. However, the lack of quality trainers and training institutes has created roadblocks to growth. Skills shortage is evident in every sector of the economy. NSDC seeks to fill the gap between the growing demand for, and the scarce supply of, skilled personnel across sectors, by funding skill training programmes. Our primary goal is to foster private sector and industry participation in skill training and development. To know more about NSDC’s role in the economy and industry, click here.
3. How does NSDC function?
NSDC is a not-for-profit company set up by the Ministry of Finance, under Section 25 of the Companies Act. It has an equity base of Rs 10 crore, of which the private sector holds 51%, while the Government of India controls 49%. This makes NSDC a one-of-its-kind public private partnership in education in India.
The corporation has a tiered structure - a 14-member Board and the National Skill Development Fund (NSDF), a 100% government-owned trust -which work in sync to fulfill the NSDC’s strategic objectives. To know more, click here.
4. Who manages NSDC?
NSDC is a Public Private Partnership (PPP), and is managed by a team of experienced professionals. It has a team of professionals and an end-to-end decision-making process in place. A tiered decision-making structure - a Board, Board Sub-Committees and the Executive Council - helps the organisation formulate strategies and run it effectively.
5. Which sectors does NSDC provide services for?
The NSDC provides services for the following sectors in India:
- Automobile / autocomponents
- Electronics hardware
- Textiles and garments
- Leather and leather goods
- Chemicals and pharmaceuticals
- Gems and jewellery
- Building and construction
- Food processing
- Handlooms and handicrafts
- Building hardware and home furnishings
- IT or software
- Tourism, hospitality and travel
- Transportation/ logistics/ warehousing and packaging
- Organised retail
- Real estate
- Media, entertainment, broadcasting, content creation, animation
- Banking/ insurance and finance
- Education/ skill development
- Unorganised sector
6. What is the role of NSDC?
NSDC’s key roles are:
- Funding and incentivising
- Enabling support services
To know more, click here.