The 11th Five Year Plan aims at making employment generation an integral part of the growth process and devise strategies to accelerate not only growth of employment but also of wages of the poorly paid. As per the 11th Five Year Plan Document as approved by National Development Council, 58 million new jobs opportunities will be created during the 11th Plan period in the country including Maharashtra.
The National Skill Development Corporation (NSDC) is a one of its kind, Public Private Partnership in India. It aims to promote skill development by catalyzing creation of large, quality, for-profit vocational institutions. It provides viability gap funding to build scalable, for-profit vocational training initiatives. Its mandate is also to enable support systems such as quality assurance, information systems and setting up of Sectors Skills Councils, etc. The NSDC 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. 36 proposals for skilling 56.54 million persons over a period of 10 years at a total cost of Rs. 1013.08 Crore have been approved by the Corporation out of which a sum of Rs. 115.48 Crore has been disbursed upto 28th July 2011
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