Funding | National Skill Development Corporation (NSDC)

Fee Based-Milestones

443*
NSDC Training partners
Funded + Non Funded
8,503
Operational Centres
99.56 Lakh
No of Students trained
49.10 Lakh
No of Students Placed

*Including 13 Innovation partners

Please note the data is as as per 28th Feb 2019 reports

NSDC Funded Affiliation - Overview

Catalyze the creation of sustainable and quality skills training institutions across the country.
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
Play the role of a "market-maker" by bringing financing in sectors where market mechanisms are weak or missing
Prioritize initiatives that can have a multiplier or catalytic effect on capacity and quality of skilling in India

The Funding Guidelines provide for a differentiated approach for ‘for-profit’ entity and ‘not-for-profit’ entity

Key Elements of NSDC Funded Affiliation

Parameter	NSDC Funding Guideline
Eligibility	Any legal entity including, but not limited, to Company/ Society / Trust as per the process and applicable laws and guidelines
What Gets Funded	Total investment requirement towards – Training Infrastructure (excluding the acquisition/creation of immovables); Working Capital
Interest Rate	6% p.a.
Principal Moratorium Period	Up to 3 years
Interest Moratorium Period	NIL
Repayment Period	7 years (including moratorium period)
Promoters Contribution	Minimum 15% of the investment requirement ( not-for-profit entities ) Minimum 25% of the investment requirement ( for-profit entities )
Training Commitment	Standard Proposals	Corporates – Listed in BSE/NSE for more than 3 years with a credit rating of A- or above or foundations/similar ventures	Private Universities, Engineering Colleges, ITI, Polytechnics
Training Commitment	Standard Proposals 20,000 persons over 7 years	Corporates – Listed in BSE/NSE for more than 3 years with a credit rating of A- or above or foundations/similar ventures of such organisations 5,000 persons per centre over 7 years	Private Universities, Engineering Colleges, ITI, Polytechnics 5,000 persons per centre over 7 years
Placement Guarantee Commitment	At least 70%
Collateral	First charge on assets of the project First charge on cash flows of the project First charge on IP developed under the project Personal Guarantee/ Corporate Guarantee/ Put-Option on another Associate Company Pledge of shares to the tune of minimum 51% of the equity of the project implementing entity ( for-profit entities ) Pledge letters to be taken ( not-for-profit entities ) Post Dated Cheques Hard collateral (including but not limited to bank guarantee/ mortgage of immovable property/ lien on fixed deposits etc.) covering minimum 30% of the loan amount

NSDC Non-Funded Affiliation - Overview

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. Proposals submitted should be robust and catering to sectors with high growth, unmet needs and/or unorganized sector. Proposals must be outcome oriented and should focus on placement in industry, self-employment, entrepreneurship.

Key Elements of Non-Funded Affiliation

Parameter	NSDC Funding Guideline
Eligibility (corporates)	Entity with more than 5 years in operation with sustainable growth. For Entity listed in BSE/NSE with more than 5 years with sustainable growth and with a credit rating of A- and above, separate TOR and due-diligence process may be apllicable
Eligibility (not-for-profit)	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. For such entities separate TOR, and due-diligence process may be applicable
Training Outcome	Minimum of 2,000 over a period of 3 years with placement commitment of 70% ( Corporates ) Minimum of 5,000 over a period of 3 years with a placement commitment of 70% ( not-for-profit ) Approved projects need to adhere to the tenets of NSDC monitoring system. Proposal should focus on linkages with industry for training and placement, livelihoods, self-employment, entrepreneurship or upskilling. Courses need to be aligned to specific SSC QP/NOS In Case of achievement of 70% of the committed target the partnership will be automatically renewed annually

Multi Stage Selection Process

Note:- Active Involvement of Government, Industry Leaders & Leaders from Social Sector for approving projects ensuring interest of all stakeholders.

PMKK- Pradhan Mantri Kaushal Kendra

Vocational training needs to be made aspirational to transform India into the skill capital of the world. In line with the same, Ministry of Skill Development and Entrepreneurship ( MSDE ) intends to establish visible and aspirational model training centres in every district of the country. NSDC is the implementation agency for the project. These training centres will be state of the art Model Training Centres ( MTCs ), called as Pradhan Mantri Kaushal Kendra ( PMKK ). The model training centres under the PMKK program aim to:

Create benchmark institutions that demonstrate aspirational value for competency based skill training
Focus on elements of quality, sustainability and connect with stakeholders in skills delivery process

Funding support under PMKK

Capital Expenditure

NSDC will provide concessional loan funding per centre, up to 75% of the project investment, to cover expenditure related to:

Training infrastructure including purchase of plant, machinery & equipment
Training aid and other associated items
Civil work including setting up prefabricated structures and retrofit existing structures

Operations Support

The sustainability of the centres will be assured against dedicated training numbers under Pradhan Mantri Kaushal Vikas Yojna ( PMKVY ) or its successor schemes (any other scheme under MSDE or NSDC). Each PMKK will be assured a training mandate for three years, under the PMKVY scheme, as per common norms, subject to capacity and utilization of the centre.

109736 reads
हिन्दी