National Skill Development Corporation

The NSDC was set up as a Public Private Partnership Company in order to create and fund vocational training institutions, and create support systems for skills development. In light of the introduction of the Goods and Services Tax in 2017, NSDC and the Institute of Company Secretaries of India (ICSI) collaborated to train over 1,00,000 people as GST experts to help the corporate sector with accounts work. The NSDC has trained more than 5.2 million students, and it has also created 235 private sector partnerships and 38 Sector Skill Councils (SSC) in various industries. ==Projects and collaborations==

It is estimated that by 2022 India will need an additional 104 million people in the workforce with a further 298 million requiring upgrade in training. Together with Google India, it has launched a program to train people on mobile development, via a 100-hour course to be delivered though partner agencies. Other partners include the Adani Foundation, Uber and Maruti. On 8 July 2020, NSDC and Microsoft announced their partnership which will provide digital learning to over 1 lakh people in 12 months of time. This program will cover a wide range of skills learning; from basic level of digital information to advanced digital skills and technological knowledge. EFS Facilities Services Group partners National Skill Development Corporation (NSDC) towards the launch of Tejas in 2020. ==Legal structure and Governance==

NSDC operates under a Public Private Partnership (PPP) model. The Government of India through the Ministry of Skill Development & Entrepreneurship (MSDE) owns 49% of the share capital, while the private sector owns 51%. According to the NSDC's Board Report, the government is the largest shareholder and corporation controller, and the private holders are 10 business associations or confederations – including the Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI) and National Association of Software & Service Companies (NASSCOM) – each with 5.1% share capital. Under the aegis of MSDE, NSDC has collaborated with central and state governments, industry, non-profit organizations and academia to synergies and accelerate the skilling efforts. ==List of Institutes Partnered==

• SMEC Automation Pvt Ltd • A.K SAMANTRAY& CO PVT LTD • AA EDUTECH PRIVATE LIMITED • Medhavi Skills University, Sikkim • Smarts skills Bits & Bytes Pvt Ltd ==Operation and funding model==

As a not-for-profit company, NSDC realizes its target both by running government-funded activities and providing funding to private skill-training enterprises, companies and organizations. NSDC participates in government skill-training schemes and initiatives as a partner or project management unit to run official grant-based programs, and supports the central and state governments of India in implementing their skills development strategies. NSDC also develops appropriate models to enhance, support and coordinate upskilling initiatives in private sectors. According to its annual report, NSDC developed an effective network of training partners which includes 302 funded, 115 non-funded and 14 innovation partners as well as 39 operational Sector Skill Councils, and distributed 1453.70 Crore (around US$210 million) funding to the skills training programs through the partnership network. ==Schemes & Initiatives==

• Pradhan Manthri Kaushal Vikas Yojana (PMKVY) • Pradhan Manthri Kaushal Kendra • India International Skill Centre (IISC) Network • Technical Intern Training • Seekho Aur Kamao • Swades • PM-VISHWAKARMA ==References==