NATIONAL SKILL DEVELOPMENT CORPORATION

The inception of the National Skill Development Corporation (NSDC) dates back to July 31, 2008, when it was formed as a not-for-profit public limited company, operating within the legal framework provided by section 25 of the Companies Act, 1956 (corresponding to section 8 of the Companies Act, 2013).  It was formed as a result of a Public-Private Partnership (PPP) model initiated by the Ministry of Finance. The Ministry of Skill Development & Entrepreneurship (MSDE), representing the Government of India, holds a 49% stake in NSDC, with the remaining 51% owned by the private sector. NSDC's primary objective is to foster skill development by facilitating the establishment of large-scale, high-quality vocational institutions with a profit-oriented approach. Additionally, the organization provides financial assistance to develop scalable and financially viable vocational training programs. Its responsibilities extend to establishing and supporting quality assurance mechanisms, implementing robust information systems, and establishing trainer academies, either directly or in collaboration with partners. In this research paper we will discuss the NSDC and its Vision, Mission, Objectives and also highlighting its Schemes.


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