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The Government of India through Ministry of Skill Development & Entrepreneurship (MSDE) holds 49% of the share capital of NSDC, while the private sector has the balance 51% of the share capital. NSDC aims to promote skill development by catalyzing creation of large, quality and for-profit vocational institutions.
The ministry is responsible for coordination of all skill development efforts across the country. The ministry was formed with matters pertaining to industrial training, apprenticeship and other skill development responsibilities which earlier belonged to the Ministry of Labour and Employment. The ministry aims to remove the disconnect between ...
For this qualification plans and quality plans have been developed by various Sector Skill Councils (SSC) created with participation of Industries. National Skill Development Council (NSDC) has been made coordinating and driving agency for the same. [4] The training given to the youth under the Pradhan Mantri Kaushal Vikas Yojana is free. [5]
The government has invested ₹ 4000 crore in the launch of SANKALP (Skill Acquisition and Knowledge Awareness for Livelihood Promotion Programme), another big initiative under the Skill India Mission. Through this it aims at providing market relevant training to 350 million young Indians.
The government formulated a skill development policy in 2009, with emphasis given to special courses to be imparted through Industrial Training Institutes in partnership with the private sector. [2] In the 12th five-year plan, a further push was given to skill development and employment.
The Ministry of Skill Development and Entrepreneurship is a Ministry of Government of Maharashtra to coordinate all skill development,Employment and entrepreneurship efforts in Maharashtra. The Ministry is headed by Cabinet Minister Mangal Lodha since 21 December 2024.