About National Skill Development Corporation India
Formation of NSDC announced in FM’s Budget speech (2008-2009)
The Finance Minister announced the formation of the National Skill Development Corporation in his Budget Speech (2008-09):
“Today, Skill development programmes are diffused and administered by a number of Ministries/Departments. I have no intention of interfering with these sector specific programmes. However, there is a compelling need to launch a world class skill development programme in Mission mode, that will address the challenge of imparting the skills required by a growing economy. Both the structure and the leadership of the Mission must be such that the programme can be scaled up quickly to cover the whole country. Hence, I propose to establish a non-profit corporation and entrust the Mission to that corporation. It is my intention to garner about Rs 15,000 crore as capital from Governments, the public sector and private sector and bilateral and multilateral sources. I shall begin by putting in Rs 1,000 crore as Government’s equity in the proposed non-profit corporation…..”
This proposed non-profit corporation is the National Skill Development Corporation or the NSDC.
Read more about the NSDC