NSDC to get Rs 10 crore from IDFC for skills councils

Infrastructure Development Finance Company (IDFC) has proposed to fund Rs 10 crore to the National Skill Development Corporation (NSDC) for setting up sector skills councils (SSCs) across India.

NSDC managing director and chief executive officer Dilip Chenoy said this here at a round table discussion on ‘Challenges in Skills Development in the Infrastructure & Construction Sector and the way forward.’

The first SSC was set up last year and around 14 more are in the pipeline, he said.

SSCs would determine skills, competency standards and qualifications for various jobs, which can be used by companies to assess employee performance and skill development needs. NSDC, a not-for-profit organisation set up under the aegis of finance ministry, is planning to train 150 million individuals by 2022.