NSDC: functions, Origin

What is NSDC?

• National Skill Development Corporation [NSDC] is a not- for- profit company set up by the Ministry of Finance. (Mind it: Finance ministry and not HRD ministry= important fact for MCQs]
• In short, Government gives it money, and it gives the money to NGOs to set up vocational training institutes, which usually have stupid computer instructors who think that hitting “refesh” button on desktop every third second, is going to speed up the computer. And by mimicking them, those who get “Skill training” from these institute, they also do the same- thus decreasing the life of a normal mouse’s right click button.

Why do we Need NSDC?

• Because there is shortage of skilled workers in every sector.
• Government plans to pump in around Rs 40,000 crore in over five years to provide skill to around 3 crore people during the period.

Why is it in news?

1. Because Mohan wants to give it an “Authority” badge. i.e. from “National Skill Development Corporation” he wants to create National Skill Development Authority [NSDA]
2. Again Why ? Because As an authority the organization will have the power to draw funds from the government and spend it with the states and other partner agencies, which is not possible now.
3. NSDC provides services for the following sectors in India:

1. Automobile / autocomponents
2. Electronics hardware
3. Textiles and garments
4. Leather and leather goods
5. Chemicals and pharmaceuticals
6. Gems and jewellery
7. Building and construction
8. Food processing
9. Handlooms and handicrafts
10. Building hardware and home furnishings
11. IT or software
12. ITES-BPO
13. Tourism, hospitality and travel
14. Transportation/ logistics/ warehousing and packaging
15. Organised retail
16. Real estate
17. Media, entertainment, broadcasting, content creation, animation
18. Healthcare
19. Banking/ insurance and finance
20. Education/ skill development
21. Unorganised sector