National Skill Development Corporation (NSDC) – Objectives, Functions, Powers

This topic of “National Skill Development Corporation (NSDC) – Objectives, Functions, Powers” is important from the perspective of the UPSC IAS Examination, which falls under General Studies Portion.

Introduction

• It is an autonomous body under the Ministry of Skill Development and Entrepreneurship (MSDE) with the core objective of catalysing the skill development efforts of the government and industry.
• It has been instrumental in creating a vibrant skilling ecosystem in the country by creating opportunities for the workforce, providing access to quality skilling, and creating a conducive environment for skill development.

Purpose

• to promote the skill development of the Indian population.
• It aims to bring together the government, industry, and other stakeholders to create a collaborative environment for the development and promotion of skills.
• It also plays a crucial role in creating employment opportunities for the youth by providing them with access to quality skilling and enabling them to attain industry-relevant skills.

Year of Establishment

2009

Ministry

The National Skill Development Corporation is an autonomous body under the Ministry of Skill Development and Entrepreneurship (MSDE).

Organisation type

The National Skill Development Corporation is registered as not-for-profit public limited company under Section 25 of the Companies Act, 1956.

Functions

• The NSDC is responsible for creating a collaborative environment for the development and promotion of skills.
• It works with the government and industry to create a conducive environment for skill development.
• It facilitates access to quality skilling and provides employment opportunities for the youth.
• It also works towards improving the employability of the workforce.

Powers

• The NSDC is empowered to create and implement skill development policies and programmes.
• It is also authorized to provide financial assistance to skill development initiatives.

Limitations

• The NSDC is limited by the availability of funds and resources.
• It is also limited by the lack of awareness among the population about the importance of skill development.

Achievements

• The NSDC has been instrumental in creating a vibrant skilling ecosystem in the country.
• It has achieved significant success in creating access to quality skilling, providing employment opportunities for the youth, and improving the employability of the workforce.
• It has also played a crucial role in improving the skills of the workforce and creating an enabling environment for the growth of the skill development sector.