Pranab Mukherjee to launch National Skill Development Corporation

     Finance Minister Pranab Mukherjee will launch the National Skill Development Corporation (NSDC) here tomorrow. The launch programme of the NSDC will see the release of 12 skill gap reports concerning 12 industry sectors; launch of the NSDC Website and invitations or call for proposals. Mukherjee will present a few agreements on behalf of the NSDC to a few organizations who are starting skill projects. MV Subbiah, Chairman, NSDC, Government Officials, Captains of industry, NGOs, multilateral agencies and members of the Diplomatic Corps are expected to attend the launch. The NSDC is a unique Public-Private Partnership (PPP) Enterprise, which has been mandated to skill 30 per cent of the overall target of 500 million people by the year 2022. The NSDC will foster private sector industries to encourage skill training in 21 sectors. NSDC has been incorporated as a not-for-profit organization under Section 25 of the Companies Act, 1956 by the Ministry of Finance. It has been formed as 51:49 shareholding of private and government. Besides Ministry of Finance, all prominent industry bodies have contributed to the initial capital of this venture. NSDC is one of its kind a Public Private Partnership.

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