National 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:

i. 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.

ii 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.

iii.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 29^th 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.