- Schemes of the new skill development and entrepreneurship ministry, created to enable Modi’s ‘Skill India’ vision, will be implemented by the NSDC
- Govt report criticises NSDC’s claimed target of skilling 500 million by 2022 as “unscientific”; in the five years since it was set up, it has ‘skilled’ 55 million
- NSDC allotted Rs 2,700 cr by UPA since 2010, corporates and NGOs have collectively borrowed Rs 875 cr from this. A further Rs 1,000 cr now allotted.
- Large corporations training their own staff using government funds; Modi sarkar has sanctioned Rs 1,500 crore for a modified scheme, renamed PMKVY.
It’s a UPA project which has morphed to become the latest showpiece of the Narendra Modi government. Its objective, then as now—to to produce an industry-ready labour force trained in the skills necessary for ‘Make in India’. A not insignificant sum of Rs 67 crore has been spent merely on promoting it. But an Outlook investigation reveals that after pumping in Rs 4,200 crore into the National Skill Development Corporation (NSDC), the biggest beneficiaries are not India’s jobless youth but the fatcats of Indian business.