About Ministry of Skill
Development and Entrepreneurship
The changing demographic profile of the country, with 54% of its
population under 25 years of age, rising aspirations of the youth seeking
better jobs, and growing expectations of employers for an efficient, well
trained workforce have contributed to a focus on skill development in India.
Recognising the urgency to reap the benefits of the demographic dividend and
the need for coordinating skill development efforts in the country, Government
of India notified the formation of Department of Skill Development and
Entrepreneurship on 31st July, 2014 that became a full-fledged Ministry of
Skill Development and Entrepreneurship (MSDE) on 9th Nov, 2014.
About 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.
NSDC 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
Objectives
The objective of this Scheme is to encourage skill development
for youth by providing monetary rewards for successful completion of approved
training programs. Specifically, the Scheme aims to: Encourage
standardization in the certification process and initiate a process of creating
a registry of skills Enable and
mobilize a large number of Indian youth to take up skill training and become
employable and earn their livelihood. Increase productivity of the existing
workforce and align the training and certification to the needs of the country.
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