The National Skills Development Corporation (NSDC) is a public-private partnership formed under India’s Ministry of Finance, with 51 percent equity held by private sector and the remaining 49 percent by the Government of India. NSDC is managed by a Board of Directors with representatives from all parties and receives funding from the National Skills Development Fund (NSDF) which is fully financed by the government with approximately $319 million allocated to make sustainable investments in partner organizations. The NSDC’s primary goal is to train 150 million people by providing catalytic funding and support for private sector initiatives.In this article you know about NSDC Registration Courses & Centres. Its main activities include:
- Supporting vocational training institutions through soft loans, which cover up to 75% of the total project costs. The NSDC seeks to fund NGOs, businesses, social entrepreneurs, and skill development organizations that are sustainable, large-scale, and partnership-based. These parties, known as the NSDC’s partner training institutions, are expected to become self- sustainable within 3 to 5 years. As of 31st December 2013, NSDC has approved 114 loans to training partners, of which 68 are active with over 2500+ training centers spread across 352 districts in India. These partners have skilled 1.16 million people, of which 60% are already employed.
- Conducting labor market research to better understand the skills gap facing the nation. So far, the NSDC has already mapped skills gaps across 26 states in India, with remaining 3 are progress. NSDC is also conducting revised skill gap studies for 22 high growth sectors in India, which are expected to be completed by 31st March 2014.
Also Read: Pradhan Mantri Kaushal Vikas Yojana PMKVY
- Establishing and funding Sector Skill Councils (SSCs) to strengthen the labor market in high growth industries through grant-based seed funding to cover start-up costs. As on 31st December, NSDC has approved 28 SSCs, of which 17 are already operational, with 2747 Occupational Standards already in place. These SSCs are industry and employer-led organizations that are responsible for sector-specific activities such as analyzing needs in the labor market, developing occupational standards and curriculum for training, and certifying training institutions. SSCs are expected to become self-sustaining within 5 to 7 years.
- Engaging with other stakeholders and coordinating targeted advocacy campaigns. Partners include the Centre for Civil Society (CCS), Indian School of Business (ISB), World Skills Competition, Federation of Indian Chamber of Commerce and Industries (FICCI), and [email protected] etc. The NSDC also works with ministries and state governments to foster greater local and sector-specific initiatives and research. In addition, NSDC continues to work with organizations which focus on skill development for Women and/or People with Disabilities (PWD).
- Enabling the ecosystem. NSDC is also operating one of the world’s largest skills incentive program, call the National Skill Certification and Monetary Reward Scheme, or STAR. So This program encourages youth to enroll in and complete programs run by training providers approved by the SSCs. Once these youth obtain a certificate, they are conferr a monetary reward of an average of Rs. 10,000. The scheme was roll out across India in September 2013, and in its first four months has enroll more than 100,000 people across 16 sectors.
The National Skill Development Corporation India (NSDC) was setup as a one of its kind, Public Private Partnership Company with the primary mandate of catalysing the skills landscape in India. NSDC is a unique model create with a well thought through underlying philosophy base on the following pillars:
- 1. Create: Proactively catalyse creation of large, quality vocational training institutions.
- 2. Fund: Reduce risk by providing patient capital. Including grants and equity.
- 3. Enable: the creation and sustainability of support systems required for skill development. This includes the Industry led Sector Skill Councils.
The main objectives of the NSDC are to:
- Upgrade skills to international standards through significant industry involvement and develop necessary frameworks for standards, curriculum and quality assurance
- Enhance, support and coordinate private sector initiatives for skill development through appropriate Public-Private Partnership (PPP) models; strive for significant operational and financial involvement from the private sector
- Play the role of a “market-maker” by bringing financing, particularly in sectors where market mechanisms are ineffective or missing
- Prioritize initiatives that can have a multiplier or catalytic effect as opposed to one-off impact.
NSDC operates through partnerships with multiple stakeholders in catalysing and evolving the skilling ecosystem.
- Private Sector – Areas of partnerships include awareness building, capacity creation, loan financing, creation and operations of Sector Skill Councils, assessment leading to certification, employment generation, Corporate Social Responsibility, World Skills competitions and participation in Special Initiatives like Udaan focused on J&K.
- International Engagement – Investments, technical assistance, transnational standards, overseas jobs and other areas.
- Central Ministries – Participation in flagship programmes like Make in India; Swachh Bharat, Pradhan Mantri Jan Dhan Yojana, Smart City, Digital India and Namami Ganga, among many others.
- State Governments – Development of programs and schemes, alignment to NSQF and capacity building, operationalization of program, capacity building efforts among others.
- University/School systems – Vocationalisation of education through specific training programs, evolution of credit framework, entrepreneur development, etc.
- Non-profit organizations – Capacity building of marginalized and special groups, development of livelihood, self-employment and entrepreneurship programs.
- Innovation – Support to early-stage social entrepreneurs working on innovative business models to address gaps in the skilling ecosystem, including programs for persons with disability.
- Over 5.2 million students trained
- 235 private sector partnerships for training and capacity building, each to train at least 50,000 persons over a 10-year period.
- 38 Sector Skill Councils (SSC) approved in services, manufacturing, agriculture & allied services, and informal sectors. So Sectors include 19 of 20 high priority sectors identified by the Government and 25 of the sectors under Make in India initiative.
- 1386 Qualification Packs with 6,744 unique National Occupational Standards (NOS).So These have been validate by over 1000 companies.
- Vocational training introduced in 10 States, covering 2400+ schools, 2 Boards, benefitting over 2.5 lakh students. So Curriculum based on National Occupational Standards (NOS) and SSC certification. NSDC is working with 21 universities, Community Colleges under UGC/AICTE for alignment of education and training to NSQF.
- Designated implementation agency for the largest voucher-based skill development program, Pradhan Mantri Kaushal Vikas Yojana.
- Skill Development Management System (SDMS) with 1400 training partners, 28179 training centres, 16479 trainers, 20 Job portals, 77 assessment agencies and 4983 empanelled assessors.So Hosting infrastructure certified by ISO 20000/27000 supported by dedicated personnel.
NSDC was set up as part of a national skill development mission to fulfil the growing need in India for skill manpower across sectors and narrow the existing gap between the demand and supply of skills. The then Union Finance Minister Shri P. So Chidambaram announced the formation of the NSDC in his 2008-09 Budget Speech. So “There is a compelling need to launch a world-class skill development programme in a 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 scaled up quickly to cover the whole country.”
- Upgrade skills to international standards through significant industry involvement and develop necessary frameworks for standards, curriculum and quality assurance.
- Enhance, support and coordinate private sector initiatives for skill development; through appropriate Public-Private Partnership ( PPP ) models so strive for significant operational and financial involvement from private sector.
- Play the role of a ‘market-maker’ by bringing funds, particularly in sectors where market mechanisms are ineffective or missing.
- Prioritise initiatives that can have a multiplier or catalytic effect as opposed to one-off impact.
To contribute significantly to the overall target of skilling up of people in India; mainly by fostering private sector initiatives in skill development programmes and to provide funding.
The NSDC facilitates initiatives that can potentially have a multiplier effect as opposed to being an actual operator in this space. In doing so, it strives to involve the industry in all aspects of skill development.
The approach is to develop partnerships with multiple stakeholders and build on current efforts; rather than undertaking too many initiatives directly, or duplicating efforts currently underway. So To scale up efforts necessary to achieve the objective of skilling / up-skilling 150 million people the NSDC strives to:
- Develop ultra low-cost, high-quality, innovative business models.
- Attract significant private investment.
- Ensure that its funds are largely “re-circulating” i.e. loan or equity rather than grant.
- Create leverage for itself.
- Build a strong corpus.
Keeping this in mind, the NSDC plays three key roles:
- Funding and incentivising : So In the near term this is a key role. This involves providing financing either as loans or equity, providing grants and supporting financial incentives to select private sector initiatives to improve financial viability through tax breaks, etc. So The exact nature of funding ( equity, loan and grant ) will depend on the viability or attractiveness of the segment and, to some extent the type of player (for-profit private, non-profit industry association or non-profit NGO). So Over time, the NSDC aspires to create strong viable business models and reduce its grant-making role.
- Enabling support services : A skills development institute requires a number of inputs or support services such as curriculum, faculty training standards, quality assurance, technology platforms, student placement mechanisms and so on. So NSDC plays a significant enabling role in these support services, most importantly in setting up standards and accreditation systems in partnership with industry associations.
- Shaping/creating : In the near-term, the NSDC will proactively seed and provide momentum for large-scale participation by private players in skill development.So, NSDC will identify critical skill groups, develop models for skill development and attract potential private players and provide support to these efforts.
Schemes under NSDC:
- Pradhan Mantri Kaushal Vikas Yojana (PMKVY)
- Pradhan Mantri Kaushal Kendra
- International Skill Training
- Technical Intern Training Program (TITP)