National Skill Development Corporation India

National Skill Development Corporation India (NSDC) established in 2009, is a not- for- profit company set up by the Ministry of Finance, under Section 25 of the Companies Act,1956 corresponding to Section 8 of the Companies Act,2013. The present equity base of NSDC is Rs.10 crore, of which the Government of India through Ministry of Skill Development & Entrepreneurship (MSDE ) holds 49%, while the private sector has the balance 51%.

NSDC aims to promote skill development by catalyzing creation of large, quality and for-profit vocational institutions. Further, the organisation provides funding to build scalable and profitable vocational training initiatives. Its mandate is also to enable support system which focuses on quality assurance, information systems and train the trainer academies either directly or through partnerships. 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. The differentiated focus on 21 sectors under NSDC’s purview and its understanding of their viability will make every sector attractive to private investment.

Projects and collaborations
It is estimated that by 2022 India will need an additional 104 million people in the workforce with a further 298 million requiring upgrade in training.[5] To address this NSDC has started skill development initiatives in North East India, with a target of training 240,000 people in 2017-18.
NSDC has also partnered with Amazon’s “meri saheli” initiative to improve the digital literacy of women[6]. Together with Google India, it has launched a program to train people on mobile development, via a 100-hour course to be delivered though partner agencies.[7]
NSDC also signed a collaboration with the Indian Institute of Corporate Affairs to train people within CSR, corporate governance, business innovation, e-governance and other skills.[8] Other partners include the Adani Foundation,[9] Uber and Maruti.[10]