National Skill Development Corporation(NSDC)

Question 1

What is it?

Answer 1

NSDC is Public Private Partnership (PPP) under Ministry of Skill Development & Entrepreneurship (MSDE).

Question 2

Established?

Answer 2

It was founded in 2009 as not-for-profit company by Ministry of Finance to address need for providing skilled manpower across various industry sectors.

Question 3

Shareholding?

Answer 3

Government of India (GoI) through MSDE holds 49% of share capital of NSDC, while private sector has balance 51% of the share capital.

Question 4

Aim

Answer 4

NSDC aims to promote skill development by catalysing creation of large, quality and for-profit vocational institutions.

Question 5

Objective

Answer 5

Its objective is to create training capacity in the country; fund vocational training initiatives and create market ecosystem for skill development.

Question 6

Mandate?

Answer 6

Its mandate is to train 150 million people by 2022.
It is also involved in re-skilling and also in catering to skilled manpower requirement of overseas markets, most notably that of Japan (under TITP) and UAE.