NSDC a big idea but failed to deliver on its mandate: Rudy

Union Minister Rajiv Pratap Rudy today expressed displeasure at the way the National Skill Development Corporation (NSDC) was being run in the past and lashed out at its failure to achieve the industry's needs for trained manpower.
NSDC's managing director and CEO Dilip Chenoy and COO Atul Bhatnagar, who were appointees of the previous UPA government, resigned last month amid reports that the government was unhappy with the functioning of the skills development body.
"The NSDC came as a big idea where the private sector said that it needs trained manpower... A private sector man with the highest salary in the country was given that job. No one asked what you are doing and the government gave Rs 2,000 crore to it."

"But there has to be degree of accountability on the public money and my biggest disappointment came when the whole mandate (of meeting the industry's requirement of trained manpower) was actually not achieved," Rudy said at a CII event.
NSDC has appointed Jayant Krishna as the interim CEO.
The government is not happy with the functioning of the Corporation as it was not keeping pace with the demand and was lagging in strengthening private partnership that was not shaping up.

Union Minister of State for Skill Development and Entrepreneurship (Independent Charge) Rudy told PTI that "these were the realities which he had to flag".

The Narendra Modi government has laid major emphasis on skill development and wants to create skilled manpower that could not just be of use within the country but also abroad.
NSDC facilitates or catalyses initiatives that can potentially have a multiplier effect and the approach is to develop partnerships with multiple stakeholders and build on current efforts.
It aims at scaling up efforts necessary to achieve the objective of skilling/up-skilling 150 million people by 2022.
NSDC is a one of its kind public private partnership in India. It aims to promote skill development by catalysing creation of large, quality, for-profit vocational institutions.

It also acts as a catalyst in skill development by providing funding to enterprises, companies and organisations that provide skill training.
It was set up as part of a national skill development mission to fulfill the growing need in India for skilled manpower across sectors and narrow the existing gap between the demand and supply of skills.