National Skills Development Corporation (NSDC)

Established in 2008, National Skills Development Corporation (Which is the NSDC full form) is a not-for-profit public limited company, incorporated under Section 25 of the Companies Act 1956. NSDC was set up by the Ministry of Finance, as an entity named ‘Public-Private Partnership’. NSDC’s primary focus is to promote skill development throughout the country. Funding provided by NSDC can be used for the working capital requirement for skill development activity and is not provided for buying or constructing any type of immovable property that includes land or building, etc.

‘Skill India Mission’ was launched with the aim to train over 40 crore people by 2022. It is meant to provide various vocational and certificate courses for Indian youth for a better livelihood. There are many courses offered under various programs mentioned below:

Mentioned interest rates and contribution percentages are subject to change and depend on the sole discretion of the corporation and the Government of India.

Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a scheme initiated by Government of India under Ministry of Skill Development & Entrepreneurship (MSDE) and implemented by NSDC. PMKVY enables Indian youth to undertake industry-related skill training that will help them to do job and earn money for better living.

Key components of PMKVY

Pradhan Mantri Kaushal Kendra (PMKK)

Pradhan Mantri Kaushal Kendra (PMKK) promotes vocational training to develop skills among people of India. Under NSDC, Ministry of Skill Development and Entrepreneurship (MSDE) plans to establish Model Training Centres (MTCs) in almost every city and district of the nation.

Funding Support

NSDC shall offer concessional secured loan funding up to 75% of the project investment for each centre. The corporation offers funding to cover expenditure only concerned with the following:

Udaan

Implemented by NSDC and funded by Ministry of Home Affairs, Udaan is a Special Industry Initiative (SII) for the youth of J&K. Udaan program fulfills the requirements of educated unemployed youth of J&K by providing skills and job opportunities. The prime focus lays on graduates, post graduates and 3 year diploma engineers. Udaan program has a target of fulfilling the needs of 40,000 youth from J&K in 5 years. Udaan program manages travel trips for youth and undertakes training in firms.

Technical Intern Training Program (TITP)

In 2017, Technical Intern Training Program (TITP) was initiated by signing a Memorandum of corporation between the Welfare of Japan, the Government of India, the Ministry of Skill Development and Entrepreneurship (MSDE), the Ministry of Foreign Affairs, and the Ministry of Health. NSDC has been appointed as the implementing and monitoring agency for this specific program. NSDC has impaneled numerous organizations for sending skilled youth to Japan for technical internships and learning.

Facts about NSDC

Industry partnership and CSR

Note: Data from their official website as per 31 ^st Dec 2018

National Skill Development Corporation

301, 3rd Floor,
West Wing, World Mark 1,
Asset 11, Aerocity
New Delhi - 110037

Email:

Proposals/NSDC funding: proposals@nsdcindia.org

NGO engagement: ngoenquiry@nsdcindia.org

Udaan: udaan@nsdcindia.org