Initiative of ‘National Skill Development Corporation’ (NSDC) under Skills India Mission

Share with Your Friends

Initiative of ‘National Skill Development Corporation’ (NSDC) under Skills India Mission

Recently foreign universities will also be included for teaching on employable skills.

It is an initiative of National Skill Development Corporation (NSDC) under Skills India Mission.

Foreign universities like Harvard Business School, MIT etc. will be involved in this initiative.

Objectives of the initiative:

  • To provide employable skills at par with international standards. This will meet the high demand for skilled professionals across the globe.
  • To enable students from small towns to take advantage of international employable programs at subsidized rates. This will lead to creation of strong skilled workforce.
  • Attracting capital. Large multinational companies are now looking to establish their base in India under the ‘China-plus-one’ strategy.

‘China-plus-one’ is a strategy under which companies are avoiding investing in China only. They are diversifying their businesses by expanding them to other countries as well.

In the year 2020, Indian companies identified skill shortage as the biggest hurdle facing their business. This is 34% of the challenges they face. This rate has increased to 60% in the year 2022.

Youth Centric Skill Development Initiatives-

  • Through NSDC: PM Kaushal Vikas Yojana, PM Kaushal Kendra, India International Skill Center etc. have been started.
  • Craftsmen Training Scheme, Apprenticeship Training, Scheme for Up-gradation of IITs through Directorate General of Training are the major initiatives.
  • Others: Skill loan scheme, Indian Institute of Skills has been started.

(National Skills Development Corporation- NSDC)

  • National Skill Development Corporation is a not-for-profit public limited company. It was incorporated on 31st July, 2008 under Section 25 of the Companies Act, 1956 (in line with Section 8 of the Companies Act, 2013).
  • NSDC was set up by the Ministry of Finance as a Public Private Partnership (PPP) model.
  • It works under the Ministry of Skill Development and Entrepreneurship.
  • The objective of NSDC is to promote skill development by encouraging the creation of large, quality and for-profit vocational institutions. It acts as a catalyst in skill development by providing funding to enterprises, companies and organizations providing skill training.
  • NSDC is the implementing agency for skill training in the country.

Source – The Hindu

Download Our App

More Current Affairs

Click to Join Our Current Affairs WhatsApp Group

Join Our Whatsapp Group For Daily, Weekly, Monthly Current Affairs Compilation & Daily Mains Answer Writing Test & Current Affairs MCQ

In Our Current Affairs WhatsApp Group you will get daily Mains Answer Writing Question PDF and Word File, Daily Current Affairs PDF and So Much More in Free So Join Now

Register For Latest Notification

Register Yourself For Latest Current Affairs

December 2022
M T W T F S S
« Nov    
 1234
567891011
12131415161718
19202122232425
262728293031  

Mains Answer Writing Practice

Recent Current Affairs (English)

Current Affairs (हिन्दी)

Subscribe Our Youtube Channel

Register now

Get Free Counselling Session with mentor

Download App

Get Youth Pathshala App For Free

Open chat
1
Youth Destination IAS . PCS
To get access
- NCERT Classes
- Current Affairs Magazine
- IAS Booklet
- Complete syllabus analysis
- Demo classes
https://online.youthdestination.in/