About Ministry of Skill Development and Entrepreneurship
The changing demographic profile of the country, with 54% of its population under 25 years of age,
rising aspirations of the youth seeking better jobs, and growing expectations of employers for an efficient,
well trained workforce have contributed to a focus on skill development in India. Recognising the urgency
to reap the benefits of the demographic dividend and the need for coordinating skill development efforts in
the country, Government of India notified the formation of Department of Skill Development and
Entrepreneurship on 31st July, 2014 that became a full-fledged Ministry of Skill Development and
Entrepreneurship (MSDE) on 9th Nov, 2014.
MSDE is responsible for coordination with all concerned for developing an appropriate skill development
framework, removal of disconnect between demand and supply of skilled manpower, mapping of existing
skills, doing market research, devising training curriculum, industry-institute linkage, bringing PPP element
in skilling, making broad policies for all other Ministries/Departments, framing policies for soft skills,
computer education, academic equivalence of skill sets, work relating to Industrial Training Institutes
(ITIs) and expansion of youth entrepreneurship education. The Ministry aims to Skill on a large Scalewith
Speed and high Standards in order to achieve the overarching vision of a 'Skilled India'.
The National Skill Development Corporation India, (NSDC) is a one of its kind, Public Private Partnership
in India. It aims to promote skill development by catalyzing creation of large, quality, for-profit vocational
institutions. NSDC provides funding to build scalable, for-profit vocational training initiatives. Its mandate is
also to enable support systems such as quality assurance, information systems and train the trainer academies
either directly or through partnerships.
Objective of this Scheme is to encourage skill development for youth by providing monetary rewards for successful
completion of approved training programs. Specifically, the Schemeaims to ,
o Encourage standardization in the certification process and initiate a process of creating a registry of skills
o Enable and mobilize a large number of Indian youth to take up skill training and become employable and
earn their livelihood. Increase productivity of the existing workforce and align the training and certification
to the needs of the country.
o Provide Monetary Awards for Skill Certification to boost employability and productivity of youth by
incentivizing them for skill trainings.
o Benefit 24 lakh youth at an approximate total cost of Rs. 1,500 Crores.
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