Business Studies

The main objectives of the NSDC is to:
I. Enhance, support and coordinate private sector initiatives for skill development through appropriate Public-Private Partnership (PPP) models; strive for significant operational and financial involvement from the private sector
II. Play the role of a "market-maker" by bringing financing, particularly in sectors where market mechanisms are ineffective or missing
III. Prioritize initiatives that can have a multiplier or catalytic effect as opposed to one-off impact. Select the. correct answer from the options given below


Answer & Solution

I, II & III


SOLUTION
The National Skill Development Corporation of India aims to promote skill development by catalyzing creation of large, quality, for profit vocational institutions.The Ministry undertakes skill development programmes and training through the NSDC.
NSDC is a not-for profit Company set up by the Ministry of Finance, under Companies Act to promote skill development with the help of the private sector. It was launched in 2009, primarily to enable skills-related training through private-sector partners with the objective of skilling 150 million people by 2022.
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