National Skill Development Corporation (NSDC) is a unique Public Private Partnership (PPP), where the government owns 49% and the private sector owns 51%. Launched in October 2009, it has a mandate to skill 150 million people (30% of the National Skill Development Mission’s target of 500 million people) by 2022 and catalyse the creation of sustainable, for-profit, quality skills training institutions across the country. NSDC is the executive arm of the Ministry of Skill Development and Entrepreneurship (MSDE).
• 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
• Upgrade skills to international standards through significant industry involvement and develop necessary frameworks for standards, curriculum and quality assurance
• Play the role of a ‘market-maker’ by bridging financing gaps, 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
• Create new opportunities in the unorganized sector where more than 90 per cent of India’s workforce is employed; create a level playing field for underprivileged sections of society, those from less-developed regions and persons with disabilities (PWDs).
• Operate special programs via National Skill Development Fund (NSDF)