Moneycontrol
Mar 16, 2012 07:31 PM IST | Source: Moneycontrol.com

Budget 2012: On skill development

In 2011-12 National Skill Development Corporation (NSDC) approved 26 new projects, thereby doubling the number of projects sanctioned since 2009 to 52, with a total funding commitment of Rs 1,205 crore.

Budget 2012: On skill development

This is what Pranab Mukherjee said on Skill Development in the Budget 2012 document.


 


In 2011-12 National Skill Development Corporation (NSDC) approved 26 new projects, thereby doubling the number of projects sanctioned since 2009 to 52, with a total funding commitment of Rs 1,205 crore. At the end of 10 years, these projects are expected to train 6.2 crore persons and augment vocational training capacity by 1.25 crore per year in the private sector.


 


The NSDC partners have opened 496 permanent and 2429 mobile centres in 220 districts across 24 states.  More than 89,500 persons have been trained and almost 80 per cent employed.  Under NSDC, 10 Sector Skill Councils have been sanctioned. Of these, 3 Skill Councils for Automobile, Security and Retail sectors have become operational. For 2012-13, I propose to allocate ` 1000 crore to National Skill Development Fund (NSDF).


In order to improve the flow of institutional credit for skill development, I propose to set up separate Credit Guarantee Fund. This will benefit youth in acquiring market oriented skills.

 

A new scheme titled
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