The NSDC provides skill development funding either as loans or equity, and supports financial incentives to select private sector initiatives to improve financial viability through tax breaks etc. NSDC’s financing initiatives provide funding through:
The NSDC will adopt a phased and detailed due diligence process to select proposals for funding to provide funds for vocational training.
Detailed evaluation will be done across six sets of criteria:
The NSDC will consider supporting a pilot and then scale up for proposals from organizations with no prior experience in this area. On the financials, the NSDC will be more flexible upfront in terms of percentage of total project funded by it, channels of funding, i.e. grant or loan/equity and cost per student, and ensure agreements are structured to ensure these parameters become stringent over time. Further, the NSDC will fund various stages of the project clearly linked to attainment of mutually agreed outcomes/milestones. To know more about funding and submitting proposals, read our Funding FAQs here.
NSDC Funding Guidelines
Standard Pre-disbursement Conditions Document
NSDC’s Standard Procurement Manual is the Procedure to be followed for Inviting Proposals, Evaluating Proposals including the Legal Due Diligence, Financial Due Diligence, Approval of the Proposal and Implementation of the Proposal with proper checks and balances. This Manual primarily aims to have transparency and accountability on the part of NSDC.
NSDC invites proposals for funding in several sectors. Here is a list of documents and guidelines to be followed to be registered as an NSDC affiliated training partner.