Chronicle English Books 2023 for All

National Skill Development Corporation (NSDC)

Why is it in News?

In a recent report NSDC has pointed out that Skill India Mission is overly dependent on short term courses and shall focus on long term courses to make it more productive.

About NSDC:

  • National Skill Development Corporation (NSDC) is a not-for-profit public limited company incorporated under section 8 of the Companies Act, 2013.
  • NSDC was set up by the Ministry of Finance as a Public Private Partnership (PPP) model.
  • The Government of India through Ministry of Skill Development & Entrepreneurship (MSDE) holds 49% of the share capital of NSDC, while the private sector has the balance 51% of the share capital.

How does NSDC work?

  • NSDC acts as a catalyst in skill development by providing funding to enterprises, companies and organizations that provide skill training.
  • It also develops appropriate models to enhance, support and coordinate private sector initiatives. It also frames the curriculum to train the trainees directly or through the partnership with other organizations.

Source: IE