Ministry of Skill Development and Entrepreneurship (MSME)

This slide gives a brief about MSME and its workings.

1. Ministry of Skill Development and Entrepreneurship (MSDE) Presented By : Arsh Sood

2. Contents Agency Overview Challenges before MSME Introduction of MSME AIM HELPING HANDS

3. agency Overview Jurisdiction : Government of India Annual budget : ₹3,016.14 crore (US$470 million) (2017-18 est.) Agency executive : Dharmendra Pradhan, Minister Website : www.skilldevelopment.gov.in Emblem of India

4. Challenges before msme India currently faces a severe shortage of well-trained, skilled workers. It is estimated that only 2.3% of the workforce in India has undergone formal skill training as compared to 68% in the UK, 75% in Germany, 52% in USA, 80% in Japan and 96% in South Korea. NATIONAL SKILL DEVELOPMENT MISSION (NMSD - known henceforth as, the Mission) was launched, which provided the overall institutional framework to rapidly implement and scale up skill development efforts across India.

5. Introduction of msme The  Ministry of Skill Development and Entrepreneurship  is a Ministry of Government of India set up on 9 November 2014 to coordinate all skill development efforts across the country.  Industrial training, apprenticeship and other skill development responsibilities were transferred from the Ministry of Labour and Employment to this newly-made Ministry on 16 April 2015. It aims to build new skills and innovative thinking not only for existing jobs but also for jobs that are to be created.

6. aim Co-ordinating skill development efforts across country. Removal of disconnect between demand and supply of skilled manpower. Building a technical and vocational training framework. Skill upgradation Building new skills Innovative thinking not only for present jobs but also those which are to be created.

7. Functional helping arms National Skill Development Agency (NSDA) National Skill Development Corporation (NSDC) National Skill Development Fund (NSDF) 33 Sector Skill Council Also 187 registered training partners and alliances with universities and in the field.

8. National Skill Development Agency (NSDA) It takes all possible steps to meet skilling targets as envisaged in the 12 th Five Year Plan and beyond. Coordinate skill development approach among various govt. departments. Raise extra-budgetary resources for skill development from various sources. Evaluate existing plans and suggest corrective action . Create and maintain a national database related to skill development.

9. National Skill Development Corporation (NSDC) Aims to upgrade skills to international standards through significant industry involvement and develop necessary framework for standards, curriculum and quality assurance. Enhance, support and coordinate private sector initiatives through prover Public-Private Partnership model. Play the role of a “market-maker” by bringing financing, particularly in sections where market mechanism are ineffective or missing. Prioritize initiatives which have multiple effects.

10. National Skill Development Fund (NSDF) Set up in 2009 for raising funds from govt. or non govt. sectors. The fund is operated and managed by the Board of Trustees and the CEO is responsible for its day to day administration. Till 31 st March 2015, NSDF has released Rs . 2333 crore to NSDC towards skill development plans. Plans such as National Skill Certification and Monetary Reward Scheme (STAR) and UDAAN Scheme (J&K oriented) NSDC with 160 training partners and 1722 training centers has so far trained around 35 lakh persons across India.

11. Sector Skill Council They create occupational standards and qualification bodies. Develop competency framework. Conduct skill gap studies Assess and certify trainees Till date, NSDC Board has approved proposals for 37 Sector Skill Councils.