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Skill Development Mission

The Ministry of Labour & Employment has launched a National Skill Development Mission in the Eleventh Five Year Plan with the following three tier structure:

  • Prime Minister’s National Council on Skill Development under the Chairmanship of Hon’ble Prime Minister, for policy direction and review of skill development efforts in the country.
  • National Skill Development Coordination Board (NSDCB) under the Chairmanship of Deputy Chairman, Planning Commission to enumerate strategies to implement the decisions of PM’s Council.
  • National Skill Development Corporation (NSDC), a not- for-profit company under the Companies Act, 1956. The corporation is being funded by the trust “National Skill Development Fund” to which the Government has contributed a sum of Rs.1495.10 crore during Eleventh Five Year Plan.

Till 29th February, 2012, NSDC has approved 52 proposals involving a total financial commitment of about Rs. 1214 crore. Out of this, Rs. 179.36 crore have been disbursed.

The National Sample Survey Office in the year 2009-10 estimated the number of new entrants in the labour market, to be 5.0 million per annum. However, a study has been conducted by National Skill Development Corporation (NSDC), according to which the incremental requirement of skilled manpower in 21 high growth sectors by the year 2022 is estimated to be 347 million.



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