Wednesday, June 26, 2013

National Skill Development Agency (NSDC)

National Skill Development Agency (NSDC): Union Cabinet in May 2013 gave its approval for constituting an autonomous body called the National Skill Development Agency (NSDA) by subsuming the Prime Minister’s National Council on Skill Development (PMNCSD), the National Skill Development Coordination Board (NSDCB) and the Office of the Adviser to the PM on Skill Development. The NSDA will be located in the Ministry of Finance. The NSDA will coordinate and harmonise the skill development efforts of the Government and the private sector to achieve the skilling targets of the 12th Plan and beyond; anchor and operationalise the National Skills Qualifications Framework (NSQF) and be the nodal agency for Sector Skills Councils and endeavour to bridge the social, regional, gender and economic divides in skilling. It will also be empowered to raise extra budgetary resources. The Central Ministries and NSDC will continue to implement schemes in their remit. The NSDA is expected to provide the much needed single point focus to ensure that skilling quality and standards meet sector specific requirements benchmarked to international standards. Such an initiative will boost employability of youth in India.
National Skill Development Corporation India (NSDC) is a one of its kind, Public Private Partnership in India. It aims to promote skill development by catalyzing creation of large, quality, for-profit vocational institutions. It provides funding to build scalable, for-profit vocational training initiatives. Its mandate is also to enable support systems such as quality assurance, information systems and train the trainer academies either directly or through partnerships. The NSDC was set up as part of a national skill development mission to fulfill 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).