Status Check, Procedures, Facilities

Organization : National Skill Development Corporation
Facility : National Skill Certification & Monetary Reward Scheme

Home Page :https://nsdcindia.org/

Monetary Reward Scheme :

The objective of this Scheme is to encourage skill development for youth by providing monetary rewards for successful completion of approved training programs. Specifically, the Scheme aims to

Related : Department of Personnel & Training Central Staffing Scheme : www.statusin.in/10146.html

** encourage standardization in the certification process and initiate a process of creating a registry of skills; and
** Increase productivity of the existing workforce and align the training and certification to the needs of the country.
** provide Monetary Awards for Skill Certification to boost employability and productivity of youth by incentivizing them for skill trainings

Background :
The Finance Minister in his Budget Speech of 2013 proposed a scheme to encourage skill development for youth by providing monetary rewards for successful completion of approved training programs.

Key Features :
** This Scheme shall be implemented through Public-Private and Public-Public partnerships.
** NSDC will be the implementing agency for this Scheme and NSDF shall monitor the implementation of the Scheme, using mutually agreed criteria with NSDC.
** The Scheme will provide monetary incentives for successful completion of, market-driven skill training to approximately ten lakh youth in in a span of one year from the date of implementation of the scheme.
** All trainings will be specifically oriented for developing skills in specific growth sectors.

Eligible Sectors and Job Roles :
** While the Scheme is intended to cover all job roles in all sectors, it will initially cover only a limited number of high-market-demand Job Roles in specified economic sectors from Levels I to IV in the NVEQF/NSQF.
** NOSs and QPs for these roles will be prepared by the respective SSCs, and will constitute 80% of the entry-level workforce in priority sectors.

Training Content and Eligible Providers :
** To ensure that benefit is extended only to the trainees taking courses which are aligned to NOSs and QPs for eligible Sectors and Job Roles, a select list of training institutions to offer these courses will be approved for the purposes of this Scheme.
** All institutions, government or private (who, during the last two years, have been selected by any State Government or any Ministry of the Government of India to implement any Government funded or sponsored Scheme), or are NSDC partners, shall be deemed to be part of the approved list of training providers under this Scheme. All such deemed approved training providers will need to get each training course they propose to offer, aligned to NOS and QPs of various eligible job roles corresponding to Levels I to IV of the NVEQF/NSQF.

Process for availing the benefits of the Scheme :
** The candidate can enroll in any course from the list of registered courses in specified high demand sectors. The candidate can pursue the course with any of the approved training providers.