The NSDC National Skill Development Corporation Funding: It provides skill development funding either as loans or equity, and supports financial incentives to select private sector initiatives to improve financial viability through tax breaks etc. NSDC’s financing initiatives provide funding through:
The NSDC will adopt a phased and detailed due diligence process to select proposals for funding to provide funds for vocational training.
Detailed evaluation will be done across six sets of criteria:
Employer view of demand for the specific skills
Alignment with the NSDC’s mission
Robustness of overall plan and operating model
Ability to leverage partnerships
Ability to leverage financial requirements
Ability to leverage management capability
The NSDC will consider supporting a pilot and then scale up for proposals from organizations with no prior experience in this area. On the financials, the NSDC will be more flexible upfront in terms of percentage of total project funded by it, channels of funding, i.e. grant or loan/equity and cost per student, and ensure agreements are structured to ensure these parameters become stringent over time. Further, the NSDC will fund various stages of the project clearly linked to attainment of mutually agreed outcomes/milestones. To know more about funding and submitting proposals, read our Funding FAQs here.
Before applying you are advised to contact NSDC for clarifications, the contact address given below or see their section
For support regarding SDMS
National Skill Development Corporation
Block A, Clarion Collection
Shaheed Jeet Singh Marg,
New Delhi – 110016.
Proposals/NSDC funding: firstname.lastname@example.org
STAR Scheme: email@example.com
NGO engagement: firstname.lastname@example.org
To know more about the courses offered by NSDC Training Partners CALL 088-000-55555.