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NATIONAL SKILLS DEVELOPMENT CORPORATION

NSDC is a not- for- Profit Company set up by the Ministry of Finance, under Section 25 of the Companies Act. It has an equity base of Rs 10 crore, of which the Government of India accounts for 49%, while the private sector has the balance 51%.
NSDC is a first-of-its-kind Public Private Partnership (PPP) in India set up to facilitate the development and upgrading of the skills of the growing Indian workforce through skill training programs. A large part of the organization’s efforts are directed at the private sector and towards developing the skills in the unorganized sector in India. NSDC supports skill development efforts, especially in the unorganized sector in India by funding skill training and development programs. It also engages in advocacy and training programs, in-depth research to discover skill gaps in the Indian workforce, and developing accreditation norms.

Roles:
Funding and incentivizing:
In the near term this is a key role. This involves providing financing either as loans or equity, providing grants and supporting financial incentives to select private sector initiatives to improve financial viability through tax breaks etc. The exact nature of funding (equity, loan, grant) will depend on the viability or attractiveness of the segment and, to some extent, the type of player (for-profit private, non-profit industry association or non-profit NGO). Over time, the NSDC aspires to create strong viable business models and reduce its grant-making role.
Enabling support services:
A skills development institute requires a number of inputs or support services such as curriculum, faculty and their training, standards and quality assurance, technology platforms, student placement mechanisms and so on. The NSDC will play a significant enabling role in some of these support services, most importantly and in

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