NSDC is a first-of-its-kind Public Private Partnership (PPP) in India set up to facilitate the development and upgrading of the skills of the growing Indian workforce through skill training programs. A large part of the organisation's efforts are directed at the private sector and towards developing the skills in the unorganised sector in India. NSDC supports skill development efforts, especially in the unorganised sector in India by funding skill training and development programmes. It also engages in advocacy and training programmes, in-depth research to discover skill gaps in the Indian workforce, and developing accreditation norms.
The objective of this Scheme is to encourage skill development for youth by providing monetary rewards for successful completion of approved training programs. Specifically, the Scheme aims to: encourage standardization in the certification process and initiate a process of creating a registry of skills; and increase productivity of the existing workforce and align the training and certification to the needs of the country. Provide Monetary Awards for Skill Certification to boost employability and productivity of youth by incentivizing them for skill trainings reward candidates undergoing skill training by authorized institutions at an average monetary reward of 10,000 (Rupees Ten Thousand) per candidate. Benefit 10 lakh youth at an approximate total cost of 1,000 Cores.
At the time of registration, it is desirable that the trainee shares the Aadhar number with the Training partner.
The NSDC was set up as part of a national skill development mission to fulfil the growing need in India for skilled manpower across sectors and narrow the existing gap between the demand and supply of skills.
The Finance Minister announced the formation of the National Skill Development Corporation (NSDC) in his Budget Speech (2008-09): "...There is a compelling need to launch a world class skill development programme in 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 be scaled up quickly to cover the whole country."
A growing economy like India requires a large and skilled workforce. However, the lack of quality trainers and training institutes has created roadblocks to growth. Skills shortage is evident in every sector of the economy. NSDC seeks to fill the gap between the growing demand for, and the scarce supply of, skilled personnel across sectors, by funding skill training programmes. Our primary goal is to foster private sector and industry participation in skill training and development. To know more about NSDC's role in the economy and industry.