To push larger flow of funds for projects to equip Indian youth with technical skills the government is overhauling the National Skill Development Council. The Council headed by S Ramadorai,former chairman of TCS will be changed into National Skill Development Authority instead.
As an authority the organisation will have the power to draw funds from the government and spend it with the states and other partner agencies,which is not possible now. However,the initiative will not disturb the three-tier structure that also includes the National Skill Development Corporation which has an annual corpus of Rs 500 crore to underwrite organisations that wish to provide skill training to people.
At a time when a debilitating shortage of skilled workers threatens to diminish productivity levels across a bevy of areas such as retail,auto,hospitality services and accounting,the intervention at the behest of Prime Minister Manmohan Singh can be significant.
India has entered the phase where it will start reaping the demographic dividend. The increasing number of unskilled and hence unemployable youths is a cause of great worry. We are looking at a body that will be responsible for strategising,monitoring implementation,fixing targets and evaluating the schemes for imparting skills to youths, a source involved in the exercise said.
The government plans to pump in around Rs 40,000 crore in over five years to provide skill to around 3 crore people during the period. The government will also partner with private sector to implement the ambitious scheme.
The authority will prepare the blueprint for providing skills and will also fix deadlines and skill standards.
* An in-principle consensus is said to be emerging on how to set up an overarching National Skills Development Authority
* The government plans to pump in around Rs 40,000 crore in over five years to provide skill to around three crore people during the period