NISD

The NISD was set up as part of a national skill development mission to fulfill the growing need in India for skilled manpower across sectors and narrow the existing gap between the demand and supply of skills. The Finance Minister announced the formation of the National Skill Development Corporation (NISD) in his Budget Speech (2008-09):

"...There is a compelling need to launch a world class skill development programme in Mission mode that will address the challenge of imparting the skills required by a growing economy. Both the structure and the leadership of the Mission must be such that the programme can be scaled up quickly to cover the whole country." Objective

To contribute significantly (about 30 per cent) to the overall target of skilling / up skilling 500 million people in India by 2022, mainly by fostering private sector initiatives in skill development programmes and providing funding. Mission Statement

• Upgrade skills to international standards through significant industry involvement and develop necessary frameworks for standards, curriculum and quality assurance
• Enhance, support and coordinate private sector initiatives for skill development through appropriate Public-Private Partnership (PPP) models; strive for significant operational and financial involvement from the private sector
• Focus on underprivileged sections of society and backward regions of the country thereby enabling a move out of poverty; similarly, focus significantly on the unorganized or informal sector workforce.
• Play the role of a "market-maker" by bringing financing, particularly in sectors where market mechanisms are ineffective or missing
• Prioritize initiatives that can have a multiplier or catalytic effect as opposed to one-off impact

Organisation Overview

NISD is a first-of-its-kind Public-Private Partnership (PPP) in India that facilitates skill development. A large part of its efforts are directed at skill development programmes in the unorganised sector. NISD acts as a catalyst in skill development by providing funding to enterprises, companies and organisations that provide skill training. It will also develop appropriate models to enhance, support and coordinate private sector initiatives. The differentiated focus for the 62 sectors and its understanding of their viability will make every sector attractive to private investment. NISD Structure

NISD is a not- for- Profit Company set up by the Ministry of Finance, under Section 25 of the Companies Act

To ensure superior decision-making, the NISD requires a structure and governance model that provides it with autonomy, stature and continuity. Thus, the organisation has a tiered decision-making structure comprising:
• The Board of Directors
• Board Sub Committees
• Executive Council
• National Skill Development Fund (NSDF)


Each has a clear-cut role in the NISD’s operations, activities and strategy to facilitate the organisation’s mandate of coordinating and stimulating private sector skill development programmes with enhanced flexibility and effectiveness. The 5-member board, and one of whom is the chairman of the corporation (from the private sector) and four are private sector members. The NSDF is a 22% government-owned trust that invests in the NISD, and is run by professional fund managers