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,
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,
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
5. Which sectors does NSDC provide services for?
NSDC is focusing on 20 high priority sectors and the unorganized sector. However
our focus is not limited to these sectors alone.
- 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.