The National Skill Development Corporation, (NSDC) is a first-of-its kind Public Private Partnership (PPP) in India, operating under the Ministry of Skill Development & Entrepreneurship to promote Skill development by creating scalable for-profit vocational institutions. NSDC was set up to implement the Skill development mission and fulfill the growing need of skilled manpower across sectors by narrowing the existing gap in the capacity and quality of training infrastructure. The notable part of the organization and its efforts are focused on the private sectors and towards developing the skills of the unorganized sectors.
The main objective of the NSDC is to fund for-profit vocational training initiatives for the skilling / up-skilling of 400 million people in India by the year 2022, mainly by promoting private sector initiatives in skill development programs. STC Skills is one of the funded partners among the 267 training partners imparting Sector Skill Council (SSC) certified training.
Skills and knowledge are the driving forces of any country contributing towards the economic growth and social development of the country. The emerging economy has presented the world with many challenges which can only be dealt by if the country has a skilled workforce.
Swami Vivekananda once said “India is a sleeping giant, one day it will wake up”, and indeed today the Indian Economy is on the edge of a change. India is today one of the fastest growing economies of the world with the business and regulatory environment evolving and moving towards constant –improvement. A highly talented, skilled and English-speaking human resource base form has to be its backbone.
We have a vast majority of population in the productive age group but that pretense a greater challenge. Only 5% of our total population is healthy, educated and properly skilled. India has 605 million unrivalled youth demographic when empowered with employable skills will be able to change the socio-economic chapter of India, and bring positive changes not only to their lives but also other individuals.
Complimentary to this vision, the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) was approved and the flagship scheme was envisioned to impart skill training to young men and women, making them capable of earning. The prime focus of the scheme was on the methodology of training through: improved curricula, better pedagogy and trained instructors. The training curriculum will also include soft skills, personal grooming, team participation and interaction, behavioral etiquettes et al to groom the individuals for the business environment.
The NSDC, the central and state governments, and other industry and business houses were consulted to assess the skill gap to design a skill training program to be imparted. The skill development mission also took into account the need for skill development in other flagship programs launched recently such as “Make in India” and “Swachh Bharat Abhiyan”. The PMKVY scheme is being implemented by Ministry of Skill Development and Entrepreneurship through the National Skill Development Corporation (NSDC). The Skill training is based on the National Skill Qualification Framework (NSQF) and is estimated to reach out to 24 lakh youths by 2022. Under the scheme, a monetary reward of Rs. 8,000 is also given to trainees after successful assessment and certification by training partners.
The PMKVY scheme primarily focuses on the labor sections and Class 10 and Class 12 dropouts. Implemented through NSDC training partners, NSDC now has more than 187 training partners in around 2,300 centers. Furthermore, central and state government affiliated training providers are also being linked in for imparting training under the scheme. All training providers have to undergo assiduous process, for being eligible under the scheme.
Sector Skill Councils and the state governments keep a close watch and monitor the entire skill training program under PMKVY. A Skill Development Management System (SDMS) is put in place to verify details of all training centers, quality of training and courses. Wherever possible, biometric system and video recording of the training process are ensured. Trainees’ feedback is also considered as one of the key elements to assess the effectiveness of the PMKVY scheme.
The Government prioritized the Skill and entrepreneurship development by forming the Ministry of Skill Development & Entrepreneurship which will play a critical role in fulfilling the objectives of the ‘Make in India’ campaign. The Ministry is responsible for the co-ordination of all skill development efforts across the country from the removal of disconnect between demand and supply of skilled manpower, technical training context and building the vocational, skill up-gradation to building of new skills, and jobs that are to be created through the programme. MSDE aims to Skill 500 million men and women by the year 2022 with high Standards in order to achieve its vision of a 'Skilled India'.
India is one of the six fastest growing economies around the world and will soon rank among the top economies and manufacturing hub, by 2022. And with the help of a skilled demographic and sustained availability of quality workforce, our country is sure to make its mark on the global economy.
The government scheme, PMKVY, and its emphasis on skill development will help to achieve a quality workforce and sustainable employability for many individuals. The new Policy and the Skill development Mission approach to build human assets for future will emerge as a new era in the development of industries.
