The National Skill Development Corporation ( NSDC ) is a one-of-its-kind, Public Private Partnership ( PPP ) model in India, under the Ministry of Skill Development & Entrepreneurship ( MSDE ). It aims to promote skill development by catalyzing creation of large, quality and for-profit vocational institutions. 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 Government of India holds for 49%, while the private sector has the balance 51%.
NSDC 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 organisations that provide skill training. It will also develop 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.