The NSDC full form is National Skill Development Corporation. It is included in Section 25 of the Companies Act, 1956 of July 31, 2008.
The National Skills Development Corporation (NSDC) is a non-profit public limited company that was established by the Ministry of Finance as a public-private partnership model.
The NSDC aims to enable skills training through private sector partners with the aim of scaling 150 million people by 2022.
The role of NSDC is important for capacity building in the private sector because in addition to capacity building in the private sector, providing a variety of jobs to private sector employees, there are also funds, trainers, and formal work activities.
The NSDC aims to target capacity building by imitating the creation of large, quality, and profitable business institutions.
Through the Ministry of Skill Development and Entrepreneurship (MSDE), the Government of India holds 49% of the NSDC’s share capital, while the private sector holds 51%.
What is the work of NSDC?
The main focus of the NSDC (National Skill Development Corporation) is to promote skills development by setting up a large number of vocational institutions to facilitate young people involved in the private sector.
The NSDC serves as a model for skills development that provides funding to companies, and organizations that provide skills training.
The mission of the NSDC is to develop the curriculum and framework for quality assurance to meet international standards through the participation of key industries.
Enabling a support system that trains quality assurance, information systems, and coaching academies directly or through partnerships.
It is NSDC’s job to increase, support, and coordinate efforts in the private sector to develop skills through models and to strive for effective financial contributions from the private sector.
Understanding the different aspects and performance of the 37 areas under the NSDC’s foresight will attract each sector to private investment.