Placement Services

National Skill Development Corporation (NSDC) is a not-for-profit public limited company incorporated on July 31, 2008, under section 25 of the Companies Act, 1956 (corresponding to section 8 of the Companies Act, 2013). NSDC was set up by the Ministry of Finance as Public Private Partnership (PPP) model. The Government of India through the Ministry of Skill Development & Entrepreneurship (MSDE) holds 49% of the share capital of NSDC, while the private sector has a balance of 51% of the share capital.

NSDC aims to promote skill development by catalyzing the creation of large, quality, and for-profit vocational institutions. Further, the organization provides funding to build scalable and profitable vocational training initiatives. Its mandate is also to enable a support system that focuses on quality assurance, and information systems and train the trainer academies either directly or through partnerships. NSDC acts as a catalyst in skill development by providing funding to enterprises, companies, and organizations that provide skill training. It also develops appropriate models to enhance, support, and coordinate private sector initiatives. The differentiated focus on 37 sectors under NSDC’s purview and its understanding of their viability will make every sector attractive to private investment.

Vision

NSDC was set up as part of a national skill development mission to fulfill the growing need in India for skilled manpower across sectors and narrow the existing gap between the demand and supply of skills. "There is a compelling need to launch a world-class skill development program in a mission mode that will address the challenge of imparting the skills required by a growing economy. Both the structure and the leadership of the mission must be such that the program can be scaled up quickly to cover the whole country."

Mission

• Upgrade skills to international standards through significant industry involvement and develop necessary frameworks for standards, curriculum, and quality assurance.
• Enhance, support, and coordinate private sector initiatives for skill development through appropriate Public-Private Partnership ( PPP ) models; strive for significant operational and financial involvement from the private sector.
• Play the role of a ‘market-maker’ by bringing funds, particularly in sectors where market mechanisms are ineffective or missing.
• Prioritize initiatives that can have a multiplier or catalytic effect as opposed to a one-off impact.

Objective

To contribute significantly to the overall target of skilling up of people in India, mainly by fostering private sector initiatives in skill development programs and providing funding.

The National Council of Vocational Education and Training (NCVET), notified on December 5, 2018, has been set up as an overarching umbrella regulator establishing regulations and standards to ensure quality in the TVET space, subsuming the responsibilities of National Skill Development Agency (NSDA) and the erstwhile National Council of Vocational Training (NCVT). The NCVET-regulated ecosystem will ensure strong industry interfacing, layered effective regulations for the varied stakeholders for improving outcomes, and set standards for Awarding Bodies and Assessment Agencies. Regulation of Awarding body ecosystem and Assessment Agencies are the focus areas of NCVET considering the existence of multiple regulators and non-standardized norms leading to quality issues and poor outcomes of the training. The NCVET will strive to integrate a fragmented regulatory system and infuse quality assurance across the entire vocational training value chain, leading to strengthened outcomes.