National Skill Development Corporation (NSDC)
National Skill Development Corporation (NSDC) is a non-profit public limited company founded on July 31, 2008, in accordance with Section 25 of the Companies Act, 1956. National Skill Development Corporation was established as a Public Private Partnership (PPP) model by the Ministry of Finance. The Government of India owns 49% of NSDC through the Ministry of Skill Development and Entrepreneurship (MSDE), while the private sector owns the remaining 51%.
NSDC’s goal is to promote skill development by catalyzing the establishment of large, high-quality, for-profit vocational institutions. Furthermore, the organization provides funding to support the development of scalable and profitable vocational training initiatives.
Objectives of Skill India Mission:
- The Skill India Mission aims to train nearly 40 million Indians in market-oriented skills by 2022.
- It works to create a space for youth talents to be promoted and job opportunities.
- Skill India Mission funds sectors looking for ways to identify areas for skill development.
- It bridges the gap between talented youth and businesses.
- Lowering the country’s poverty rate.
- Increasing the level of healthy competition in Indian businesses.
- The Indian and global markets support the Indian workforce and local production.
- Diversifying skill development programs to meet critical challenges.
- Improving social partner engagement and the relationship between public and private partnerships
- Seek investors to fund long-term skill development.
Features of Skill India Mission:
- The most important component is the development of a new “rural India plan.”
- The emphasis is increasing young people’s employability to improve their employment and entrepreneurship skills.
- The mission assists, trains, and directs all traditional occupations such as cobblers, weavers, welders, masons, blacksmiths, nurses, etc.
- Construction, transportation, real estate, gems industry, textiles, banking, design, tourism, and other sectors are targeted by the Skill India Mission.
- The best part about participating in Skill India Mission is that it adheres to international standards, ensuring that demand for Indian youth remains high even after they leave the country.
Benefits of Skill India Mission:
- The Skill India program was created to increase confidence, improve productivity, and provide direction through proper skill development.
- Skill development will enable young people to obtain blue-collar jobs.
- Developing skills at a young age, even at the school level, is critical for channeling them for appropriate job opportunities.
- All sectors should experience balanced growth, and all jobs should be equally important.
- Every job applicant would receive soft skill training to live a good and decent life.
- Skill development would also reach rural and remote areas.
- Corporate, educational institutions, non-governmental organizations, the government, academic institutions, and society would all contribute to developing youth skills to achieve better results in the shortest time.
The Slogan of Skill India Mission:
The tagline ‘Kaushal Bharat, Kushal Bharat’ implies that skilled Indians (‘Kaushal Bharat’) will produce a happy, healthy, prosperous, and strong nation (‘Kushal Bharat.’ A short film introducing the logo was shown, with the Sanskrit chant ‘SarvadaVigyataVijaya,’ which means ‘Skill Always Wins.’
Skill India Mission Programme
The Central Government launched the Skill India Mission in 2015 to prepare Indian youth from rural and urban areas for employment. It aims to empower India’s youth by providing them with the necessary skills and training to increase their chances of finding work in various sectors. This also increases a person’s productivity and knowledge. The initiative aims to educate over 40 million people and create a workforce by 2022. It accomplishes this by providing free courses and classes. The National Skill Development Mission considers the proceedings through a result-oriented structure that connects with modern business requirements. Technically, this scheme addresses convergence, institutional training, overseas employment, public infrastructure leveraging, and sustainable livelihoods.