The Finance Ministry of India established National Skill Development Corporation as a Public-Private Partnership (PPP) model. The Government of India introduced NSDC aiming to teach a skilled workforce across industries of various sectors.
This article comprises all the essential details on National Skill Development Corporation for UPSC and other competitive examinations.
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What is National Skill Development Corporation?
NSDC is a non-profit public corporation, introduced on 31st July 2008 under section 25 of Companies Act, 1956. The Government of India holds 49% of its share capital through the Ministry of Skill Development and Entrepreneurship (MSDE). On the other hand, 51% of it is in the hands of the private sector.
History of National Skill Development Corporation
India’s Finance Ministry initially set up NSDC in 2008 to capitalise on vocational training organisations and support skill development.
Later, it collaborated with the Institute of Company Secretaries of India after the announcement of the Good and Services tax. They trained more than 100,000 people as GST professionals to provide the corporate sector with a workforce in accounts.
Over the course of time, NSDC upskilled over 5.2 million trainees. In addition, it developed 235 partnerships in the private sector and 38 Sector Skill Councils (SSC) across industries.
Objectives of National Skill Development Corporation
The primary objectives of NSDC are as follows:
- Train and develop skills considering international standards by involving trainees in significant industries.
- Create essential frameworks for curriculum, quality assurance and standards for training.
- Support, amplify and synchronise private sectors enterprises for skill development with the help of relevant Public-Private Partnership models.
- Endeavour for crucial financial and operational involvement in skill development initiatives from private sectors.
- Bring financing as a market maker, especially in sectors having fewer market mechanisms.
- Prioritise initiatives having a catalytic or multiplier effect rather than a one-off impact.
Pillars of National Skill Development Corporation
NSDC’s model is established on 3 significant pillars as follows:
Create: Actively creating quality and large vocational training centres.
Enable: Create and sustain with required support systems for skill development, including Sector Skill Councils conducted by industries.
Fund: Mitigating risks by providing substantial capital, grant and equity.
Partnerships of National Skill Development Corporation
NSDC works by collaborating with multiple stakeholders to evolve and translate the skilling ecosystem. Followings are such partnerships:
Private Sector
These partnership areas include-
- Capacity building
- Awareness development
- Loan financing
- Employment generation
- Creation and functions of Sector Skill Councils
- World Skills competitions
- Evaluation leading to certification
- Corporate Social Responsibility
- Partaking in Special Initiatives
Central Ministries
It includes participation in the following flagship programs-
International Engagement
It involves the areas as follows-
- Technical assistance
- Investments
- Overseas jobs
- Transnational standards
Non-profit organisations
These partnerships involve the following areas-
- Creating capacity of special and marginalised sections
- Developing livelihood
- Programs to boost entrepreneurship and self-employment
State Governments
Partnerships with state governments involve-
- Expansion of schemes and programs associated with National Skills Qualifications Framework
- Operationalisation of capacity building programs
Innovation
It includes providing support to beginner entrepreneurs with innovative business ideas and models.
University or School Systems
Partnership with schools and universities aims to provide vocational education through certain training programs, entrepreneur development, evolution framework, etc.
Schemes Under National Skill Development Corporation
Below are some schemes under the initiatives of NSDC:
- Pradhan Manthri Kaushal Kendra
- Pradhan Manthri Kaushal Vikas Yojana(PMKVY)
- India International Skill Centre (IISC) Network
- Swades
- Seekho Aur Kamao
- Technical Intern Training
Achievements of National Skill Development Corporation
Below are some significant and noteworthy achievements of the National Skill Development Corporation for UPSC and other exams.
- Trained over 5.2 million trainees and establishes 235 partnerships to drill a minimum of 50,000 persons in each.
- 1386 qualifications substantiated by more than 1000 companies with 6,744 special National Occupational Standards (NOS).
- 10 stage vocational training by more than 2400 schools, providing curriculum based on NOS to over 2.5 lakh students.
- In addition, functioning with 21 universities and Community Colleges under AICTE and UGC to arrange NSQF training and education.
- NSDC is working on Skill Development Management System (SDMS) with 28179 training centres, 1400 training partners, 16479 trainers, 77 assessment agencies, 20 Job portals, and 4983 impanelled reviewers.
These are all essential information on the National Skill Development Corporation for UPSC and other national and state-level examinations. Aspirants can follow this article thoroughly for extensive preparation.
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Frequently Asked Questions on National Skill Development Corporation
What type of company NSDC is?
NSDC is a not-for-profit company, introduced as a Public-Private Partnership (PPP) model.
Who is the current head of NSDC?
The CEO of NSDC is Manish Kumar from 1st July 2016 to the present.
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