Skill Development Corporation’s Issues and Importance

• The National Skill Development Corporation (NSDC) has been facing issues for a long time, with a complaint filed by the Ministry of Skill Development and Entrepreneurship against officials for “misappropriation.”

• The agency is crucial to harnessing the demographic dividend, which relies on a skilled labour force.

• NSDC’s operations have been criticized, with several FIRs filed against its training partners.

• Investigations show that these partners were allegedly tampering with attendance records to include students missing from training centres.

• The corporation’s ambitious goal of skilling 150 million people has been met with concerns over the quality of training and employment prospects.

• The government has launched initiatives like the Pradhan Mantri Kaushal Vikas Yojana (PMKVY), which has released Rs 10,570 crore till March 2024.

• The government’s increasing involvement in the skill mission indicates its recognition of its critical role in achieving developed country status by 2047.

Socioeconomic impact of skilling is important topic for Civil service exam (WBCS).

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