National Skill Development Corporation (NSDC)
The 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.
To scale up efforts necessary to achieve the objective of skilling / upskilling 150 mn people, the NSDC will strive to:
- Develop ultra low cost, high-quality, innovative business models
- Attract significant private investment
- Ensure that its funds are largely “re-circulating”; i.e. loan or equity rather than grant
- Create leverage for itself
- Build a strong corpus
Keeping this in mind, the NSDC will play three key roles:
- Funding and incentivising
- Enabling support services
- Shaping/creating
Focus Areas
- Skill development
- Foster private sector initiatives
The NSDC will adopt a differentiated approach to supporting private sector initiatives depending on the target segment. Based on the marketability of the skill group and income level of the student population, there are three segments across which the NSDC will focus:
- Attractive segment
- Viable segment
- Completely unviable segment