NSDC, a non-profit company, promotes skill development in India by funding vocational training. This blog gives an overview of the National Skill Development Corporation. Read the blog completely to learn everything about NSDC.
The National Skill Development Corporation (NSDC) can be likened to a seasoned gardener. Just as a gardener understands the specific needs of a seed, National Skill Development Corporation plays a critical role in nurturing the potential in India’s youth. By cultivating their skills and enhancing their capabilities, This scheme facilitates their growth, enabling them to flourish in their chosen careers. National Skill Development Corporation (NSDC)
The Ministry of Finance brought the NSDC to life on 31 July 2008, under section 25 of the Companies Act, 1956. It is a not-for-profit public limited company. So, the NSDC is all about giving, not taking. The NSDC builds and supports vocational institutions. These institutions help individuals to learn useful skills.
Now, how does National Skill Development Corporation achieve this goal? It’s simple. The NSDC uses funding. By providing funds, it makes sure that vocational institutions can run training programs. According to data from FY 2019-2020, around 20.45 lakh young Indians have gained skills from 10,373 training centers across the country.
Functions of National Skill Development Corporation
The National Skill Development Corporation plays a vital role in the field of skill development in India by performing the following key functions:
- Funding for Training Centers: NSDC provides funding to establish accessible and profitable vocational training centers to ensure that skill training is widely available.
- Developing Business Models: It focuses on creating low-cost and high-quality business models for skill development, making skill training financially viable.
- Quality Assurance: NSDC promotes a support system that emphasizes quality assurance and information systems, ensuring that the skill development programs meet high standards.
- Training the Trainers: It conducts training for trainers directly through academies or in partnership with organizations, aiming to enhance the quality of skill training.
- Funding Support: NSDC provides financial support to companies, enterprises, and organizations engaged in skill training and development initiatives.
- Private Sector Coordination: It develops suitable models to improve, support, and coordinate private sector initiatives in the field of skill development.
Features of National Skill Development Corporation
The NSDC boasts several remarkable features:
- Training Partners: National Skill Development Corporation collaborates with 462 training partners to facilitate skill development programs.
- Training Centers: There are approximately 11,000 training centers associated with NSDC, ensuring widespread access to skill development.
- Job Roles: NSDC offers 2100 job roles for skill development, covering a wide range of sectors and industries.
- Experienced Team: The organization comprises a core team of 12 experienced professionals dedicated to skill development initiatives.
- Employment Placements: National Skill Development Corporation (NSDC)has an impressive track record of placing 68 lakh professionals in various industries, contributing to employment opportunities in the country.
NSDC Schemes and Initiatives
- Pradhan Mantri Kaushal Vikas Yojana (PMKVY): This program imparts vocational training and skills to the youth, making them industry-ready and enhancing their employment prospects. It includes short-term training programs, recognition of prior learning, and placement assistance.
- Pradhan Mantri Kaushal Kendra (PMKK): Focusing exclusively on vocational training, PMKK aims to set up Model Training Centers in every state and district of India. It offers short-term training, validation of prior learning, and placement assistance.
- Udaan: A project initiated by the Ministry of Housing under NSDC, Udaan targets the educated and unemployed youth of Jammu and Kashmir, enhancing their skills and providing exposure to practical industry conditions.
- Technical Intern Training Program (TITP): TITP is a collaborative program between the Indian and Japanese governments, focusing on skill development. NSDC serves as the chief nodal agency for sending skilled youth to Japan for training and internships.
National Skill Development Corporation Courses Available in India
National Skill Development Corporation offers a buffet of courses.
- Apparel Made-Ups & Home Furnishing Sector Skill Council
- Capital Goods Skill Council
- Domestic Workers Sector Skill Council
- Food Industry Capacity & Skill Initiative
- Gem & Jewellery Skill Council of India
- Healthcare Sector Skill Council
- Indian Plumbing Skills Council
- IT-ITeS Sector Skill Council
- Logistics Sector Skill Council
- Media & Entertainment Skill Council
- Skill Council for the Mining Sector and more.
So, the National Skill Development Corporation NSDC courses are like a roadmap. They guide you to a destination filled with job opportunities. By picking from this list, you’re choosing high-quality training. You’re setting yourself up for a world of jobs waiting for you.
There’s more good news. The NSDC offers online courses too. You could learn to be a Domestic Data Entry Operator or delve into Computer Hardware repair or Computer Basics. All from the comfort of your home.
Now, let’s talk about the price. We all love a good deal, don’t we? With NSDC courses, you’re getting just that. These courses are like finding a precious jewel at a yard sale. They are high in value but easy on the pocket. Compared to regular courses, NSDC course fees are much lower. It’s quality education at a reasonable rate
How to Get an NSDC Affiliation?
| Parameters | Funding Guideline |
| Eligibility | Legal entities, including company, society, and trust. However, it is not limited to these entities only as per the applicable laws and processes. |
| Fundings available for | Training infrastructure (except acquisition or creation of immovables), Working capital |
| Rate of interest | 6% p.a. |
| Moratorium period for principal | Up to 3 years |
| Interest moratorium period | NA |
| Repayment duration | 7 years including a moratorium |
| Contribution of promoters | 15% of investment requirement (minimum) for not-for-profit entities, 25% of investment requirement (minimum) for for-profit entities |
| Training commitment | Standard proposals: 20,000 persons for more than 7 years, Corporates (listed in NSE/BSE for over 3 years with a credit rating of A or more or foundations/ventures of such organizations): 5000 persons per center for more than 7 years, Engineering colleges, private universities, polytechnics, ITI: 5000 candidates for over 7 years |
| Placement guarantee commitment | Minimum 70% |
| Collateral | First charge on (Project assets, Cash flow of the project, IP developed under the project ), Personal or corporate guarantee or put-option on other associate companies, Pledged shares: Minimum 51% of the project implementing entity’s equity, Hard collateral covering at least 30% of the loan amount, Pledge letters (not-for-profit entities), Post-dated cheques |
National Skill Development Corporation Schemes in India
- NSDC supports various skill development schemes in India. It’s like a parent supporting their child’s different activities. Let’s look at a few major schemes:
- The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) aims to offer industry-relevant skills to India’s youth. Think of it as a course that prepares you for a specific job.
- The Udaan scheme aims to offer skills training and enhance the employability of youths in Jammu and Kashmir.
- The National Apprenticeship Promotion Scheme (NAPS) is like an internship. It combines classroom learning with on-the-job experience.
Conclusion
The National Skill Development Corporation (NSDC) is like a gardener, nurturing India’s youth and helping them to grow their skills. It provides a variety of courses, supports various skill development schemes, and partners with a wide range of institutions and individuals to achieve its goals. So, whether you’re a young person looking to improve your skills, an institution seeking affiliation, or someone interested in partnering with NSDC, the opportunities are abundant. For any Queries feel free to Contact Vakilsearch experts.
FAQs:
1. Which ministries or governmental bodies collaborate with NSDC?
The National Skill Development Corporation (NSDC) collaborates with the Ministry of Skill Development and Entrepreneurship, Skill India and the Prime Minister's Kaushal Vikas Yojana (PMKVY) to provide skill development training to Indian youth.
2. Are there any age restrictions to enroll in NSDC courses?
No, there are no age restrictions to enroll in NSDC courses. The courses are open to all Indian citizens who meet the eligibility criteria.
3. Can one obtain international recognition through NSDC certificates?
Yes, NSDC certificates are recognized internationally and can help individuals secure employment opportunities abroad.
4. Are there any specific courses designed for women or marginalized communities by NSDC?
Yes, NSDC offers specific courses designed for women and marginalized communities to promote gender and social inclusivity in the workforce.
5. Are online or digital courses available through NSDC?
Yes, NSDC offers online and digital courses through its e-Skill India portal to provide easy access to skill development training to Indian youth.
