The National Skill Development Corporation, (NSDC) is a one of its kind, Public Private Partnership in India, under the Ministry of Skill Development & Entrepreneurship. It aims to promote skill development by catalyzing creation of large, quality, for-profit vocational institutions.
NSDC invites application for Funding and Non Funding both type of Partners. Please visit website: http://www.nsdcindia.org/ for detail information.
What is Funding Partner of NSDC?
NSDC will provide funding assistance for
creation of skills infrastructure and / or
working capital requirement for skill
development activity for the first three
years only. NSDC assistance shall not be
provided for creation of immovable
property such as land & building etc.
NSDC may provide funding in the form of
loan, equity, preference shares,
debentures and grant. However, NSDC will
prefer to provide funding in form of loan.
Funding would be up to a maximum of 75%
of the investment requirement & Promoter Contribution shall be to the tune
of minimum 25% of the investment
requirement.
What is Non Funding Partner of NSDC?
NSDC can co-opt reputed entities with established credentials who wish to be a part of the
“Skill India” and / or “Make in India Mission” but do not require funding and want to be a partner shall be called as Non Funding Partner of NSDC.
The applicant must be Not for profit entity having more than 5 years of sustainable
growth. For not for profit entity previously funded by entities like World
Bank, ADB, MSDF, UNDP etc. or foundation/social ventures of
large corporates may also be considered under this partnership program.
Guidelines of Funding and Non Funding Partner of NSDC
- Funding Partner Guidlines: http://www.nsdcindia.org/sites/default/files/files/NSDC-Updated-Funding-Guidelines.pdf
- Non Funding Partner Guidelines: http://www.nsdcindia.org/sites/default/files/files/Non-Funding-Guidelines.pdf
- Prepare a Proposal as per opted partnership model (Funding or Non Funding)
- Wait for the internal review of Proposal by NSDC and further reports
- Respond to the set of queries raised with documentation
- Cordinate for the filed visit of DD Team
- Wait for the PEC meeting and approval of your proposal
To become a Training Partner below mentioned steps can be followed:
Once your proposal is accepted, You become an authorized Training partner of NSDC.
Great insights on the National Skill Development Mission! At Indira Gandhi Computer Sakshatra Mission (IGCSM), we're proud to support this transformative initiative through our government-certified programs. We're committed to empowering individuals with the skills needed for India's digital future, aligning with the objectives of Skill India and Digital India. Visit our website to learn more about how we're contributing to national development: https://www.igcsm.com . Keep up the excellent work in spreading awareness!
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