Contenu connexe
Similaire à Nsdc iacc sent skills space - opportunities - feb2011- for circulation
Similaire à Nsdc iacc sent skills space - opportunities - feb2011- for circulation (20)
Plus de National HRD Network
Plus de National HRD Network (20)
Nsdc iacc sent skills space - opportunities - feb2011- for circulation
- 2. Agenda
NSDC – an introduction
Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 1
- 3. NSDC created as a part of the government’s co-ordinated
action in the skills space
Prime Minister’s National Council for Skill NSDC structure
Development
NSDC is a Public Private
Partnership created by the
Ministry of Finance
• 51% stake by industry
• 49% stake by GOI
National Skill Development
Co-ordination Board Initial funding of ~ INR
1000 cr received from the
GOI and parked with the
NSDF for use of NSDC
Private sector
Government
initiatives
Initiatives Target skilling / up skilling
17 Central Ministries
150 million people by 2022
by fostering private sector
participation
Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 2
- 4. Investor Servicing
NSDC to achieve mandate through three key pillars
Create Fund Enable
Reduce risk by Support systems
providing patient required for skill
Proactively catalyze
capital development
creation of large,
quality vocational • Sector skill councils
Improve returns by • Quality Assurance
training institutions • Information system
providing viability
gap funding • Train-the-trainer
Create the Demonstrate
Create a viable
vision and help commitment to
ecosystem
define the path the purpose
Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 3
- 5. Key elements of NSDC funding
Elements Description
• Any organization with scalable, sustainable business model that ensures
employability of the resources trained
Who gets funded?
• Including start ups
• ~Upto 75% of the project cost
What is the
amount of funding?
• Debt at subsidized rates ; other features like moratorium built in depending
What is the form upon nature of project
of funding ? • Equity
• Grant funding (only in very select cases)
Is there • NSDC is looking to fund businesses that seek to create employable people
special focus? across all sections of the society
Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 4
- 6. Robust process designed to ensure rapid turnaround in the
process
Roles and responsibilities
Board • Final approval of proposals
recommended by the PAC
Representatives of key stakeholders – both government and
private sector
Chairman and CEO of NSDC
Proposal Approval Committee (PAC) • Recommend the proposal for
approval by the Board or,
Diverse representation from the MoF, private equity, NGOs, • Consider proposal not
industry worthy of further Turnaround of
consideration < =3 months
targeted for
proposals
Proposal Evaluation Committee (PEC) • Form a view on the proposal
based on discussions after
Due diligence partners financial, technical and legal
NSDC team due diligence for discussion
at the PAC
• Detailed evaluation of worthy
Proposal Introduction and evaluation – test of proposals
responsiveness, technical, financial and legal due • Financial , technical and
deligence legal due diligence on the
proposals
Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 5
- 7. Select case study – WorkSkills
Elements Description
• Combination of equity and debt funding
• No of centers to be launched – 383 across 11
Deal value and size states
• No of people trained in 10 years – 11.57 Mn
• Created as JV between NSDC and Centum (a Bharti subsidiary)
• Franchisee model with governance structure put in at different
levels
Business model • Govt grants being used to target BPL students, but attempt to
move towards self sustaining model of funding
• Innovative use of existing infrastructure to impart education
• Advance stages of discussion with KVIC for skilling workforce
• Discussions with state governments underway
Progress till date • Content being developed for skills in different sectors
Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 6
- 8. Select case study – B - ABLE
Elements Description
• Rs 30.3 Cr – Debt financing
• No of centres to be launched – 400
• No of people trained in 10 years – 1 Mn
Deal value and size • Capacity created per annum – 0.2 Mn
• Hub and spoke model for centre creation
• In addition to classroom training guaranteed
4 week apprenticeship with a prospective
employer
Business model
• Tie ups with corporates like L&T and Tata
dealers established
• 6 trades being covered – Agriculture and
allied activities, Construction, Tourism,
Banking, Hospitality, Food Processing
• 3 centres set up – Purnia, Dausa and Dehra
Dun
Progress till date • 49 enrollments
Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 7
- 9. In addition Sector Skills councils being set with 3 key
objectives
Information and Inputs
– Setting up LMIS to assist planning and delivery of training
– Identification of skill development needs and preparing a catalogue of skill types
– Develop a sector skill development plan and maintain skill inventory
Standards and Recognition
– Developing skill competency standards and qualifications
– Standardisation of affiliation and accreditation process
– Participation in affiliation, accreditation, standardisation
Best Practice introduction
– Plan and execute training of trainers
– Promotion of academies of excellence
Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 8