{"id":194525,"date":"2018-03-29T15:30:13","date_gmt":"2018-03-29T10:00:13","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=194525"},"modified":"2018-03-29T15:30:13","modified_gmt":"2018-03-29T10:00:13","slug":"re-structuring-of-national-skill-development-fund-and-national-skill-development-corporation-approved","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2018\/03\/29\/re-structuring-of-national-skill-development-fund-and-national-skill-development-corporation-approved\/","title":{"rendered":"Re-structuring of National Skill Development Fund and National Skill Development Corporation\u00a0approved"},"content":{"rendered":"
The Union Cabinet has given its approval for restructuring of National Skill Development Fund (NSDF) and National Skill Development Corporation (NSDC) to strengthen governance, implementation and monitoring framework.\u00a0The restructuring will also ensure better corporate governance, transparency and accountability in operations of NSDC besides strengthening the oversight role of NSDF. \u00a0The approval would lead to restructuring of composition of Board of NSDF and the NSDC to strengthen governance, implementation and monitoring framework.<\/div>\n

Background:\u00a0\u00a0<\/strong><\/span>NSDC and NSDF were set up by the Ministry of Finance and registered in July, 2008 and January, 2009 respectively for implementing coordinated action for skill development. NSDF trust was incorporated to act as a receptacle for financial contributions from Governmental sources, bilateral\/multilateral and other agencies. Its main objective is to enhance, stimulate and develop the skills of Indian youth force by various sector specific programmes.<\/p>\n

NSDF entered into an Investment Management Agreement (IMA) with NSDC for utilization of its corpus to meet the desired objectives of National Skill Development Mission and encourage skill development in the country. Provision of supervisory role of NSDF over NSDC’s functions is also included in the IMA between NSDC and NSDF.<\/p>\n

Cabinet<\/p>\n","protected":false},"excerpt":{"rendered":"

The Union Cabinet has given its approval for restructuring of National Skill Development Fund (NSDF) and National Skill Development Corporation (NSDC) to <\/p>\n","protected":false},"author":91,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[29677,29676],"class_list":["post-194525","post","type-post","status-publish","format-standard","hentry","category-hot_off_the_press","category-news","tag-national-skill-development-corporation","tag-national-skill-development-fund"],"yoast_head":"\nRe-structuring of National Skill Development Fund and National Skill Development Corporation\u00a0approved | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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approves SANKALP & STRIVE Schemes to boost Skill India Mission","author":"Saba","date":"December 20, 2017","format":false,"excerpt":"The Cabinet Committee on Economic Affairs has approved two new World Bank supported schemes of Rs. 6,655 crore - Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) and Skill Strengthening for Industrial Value Enhancement (STRIVE). SANKALP is Rs 4,455 crore Centrally sponsored scheme including Rs. 3,300 crore loan support\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":307822,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/25\/delhi-high-court-allows-pil-highlights-irregularities-functioning-special-olympics-bharat-legal-news\/","url_meta":{"origin":194525,"position":1},"title":"Accomplishments of athletes with intellectual disabilities often forgotten; Delhi High Court allows PIL highlighting irregularities in functioning of Special Olympics Bharat","author":"Arunima","date":"November 25, 2023","format":false,"excerpt":"The Court appreciated the incredible accomplishments of the athletes that represented India in the Special Olympics World Games, 2023 held in Berlin under the able and commendable guidance of SOB The athletes representing India finished their campaign with 200 medals.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"delhi high court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/delhi-high-court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/delhi-high-court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/delhi-high-court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/delhi-high-court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":194495,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/03\/28\/applicability-of-gst-on-skill-development-start-ups-and-tourism\/","url_meta":{"origin":194525,"position":2},"title":"Applicability of GST on Skill Development, Start-Ups and Tourism","author":"Saba","date":"March 28, 2018","format":false,"excerpt":"The Ministry of Finance has explained the applicability of Goods and Services Tax (GST) on Skill Development, Start-Ups, and Tourism etc. All kinds of representations received from the trade and industry (including start-ups) regarding GST rates on services have been deliberated in the Fitment Committee. 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This service has been created for the Training Directorate of the Ministry of Skill Development and Entrepreneurship.\u00a0The purpose of instituting a formal service in Group \u2018A\u2019 category was initiated\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":75031,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/10\/01\/new-delhi-declaration-on-education-adopted-by-brics-ministers-of-education\/","url_meta":{"origin":194525,"position":5},"title":"New Delhi Declaration on Education adopted by BRICS Ministers of Education","author":"Saba","date":"October 1, 2016","format":false,"excerpt":"NEW DELHI DECLARATION ON EDUCATION Following is the text of NEW DELHI DECLARATION ON EDUCATION adopted in the 4th Meeting of BRICS Ministers of Education in New Delhi, on September 30, 2016. 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