Nsdc iacc sent skills space - opportunities - feb2011- for circulation

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Nsdc iacc sent skills space - opportunities - feb2011- for circulation

  1. 1. For Private Circulation only Opportunities in the skills space and introduction to NSDC February 2011
  2. 2. AgendaNSDC – an introduction Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 1
  3. 3. NSDC created as a part of the government’s co-ordinatedaction in the skills space Prime Minister’s National Council for Skill NSDC structure Development NSDC is a Public Private Partnership created by the Ministry of Finance • 51% stake by industry • 49% stake by GOI National Skill Development Co-ordination Board Initial funding of ~ INR 1000 cr received from the GOI and parked with the NSDF for use of NSDC Private sector Government initiatives Initiatives Target skilling / up skilling17 Central Ministries 150 million people by 2022 by fostering private sector participation Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 2
  4. 4. Investor ServicingNSDC to achieve mandate through three key pillars Create Fund Enable Reduce risk by Support systems providing patient required for skill Proactively catalyze capital development creation of large, quality vocational • Sector skill councils Improve returns by • Quality Assurance training institutions • Information system providing viability gap funding • Train-the-trainer Create the Demonstrate Create a viable vision and help commitment to ecosystem define the path the purpose Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 3
  5. 5. Key elements of NSDC funding Elements Description • Any organization with scalable, sustainable business model that ensures employability of the resources trainedWho gets funded? • Including start ups • ~Upto 75% of the project cost What is theamount of funding? • Debt at subsidized rates ; other features like moratorium built in depending What is the form upon nature of project of funding ? • Equity • Grant funding (only in very select cases) Is there • NSDC is looking to fund businesses that seek to create employable people special focus? across all sections of the society Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 4
  6. 6. Robust process designed to ensure rapid turnaround in theprocess Roles and responsibilitiesBoard • Final approval of proposals recommended by the PACRepresentatives of key stakeholders – both government andprivate sectorChairman and CEO of NSDCProposal Approval Committee (PAC) • Recommend the proposal for approval by the Board or,Diverse representation from the MoF, private equity, NGOs, • Consider proposal notindustry worthy of further Turnaround of consideration < =3 months targeted for proposalsProposal Evaluation Committee (PEC) • Form a view on the proposal based on discussions afterDue diligence partners financial, technical and legalNSDC team due diligence for discussion at the PAC • Detailed evaluation of worthyProposal Introduction and evaluation – test of proposalsresponsiveness, technical, financial and legal due • Financial , technical anddeligence legal due diligence on the proposals Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 5
  7. 7. Select case study – WorkSkills Elements Description • Combination of equity and debt funding • No of centers to be launched – 383 across 11Deal value and size states • No of people trained in 10 years – 11.57 Mn • Created as JV between NSDC and Centum (a Bharti subsidiary) • Franchisee model with governance structure put in at different levels Business model • Govt grants being used to target BPL students, but attempt to move towards self sustaining model of funding • Innovative use of existing infrastructure to impart education • Advance stages of discussion with KVIC for skilling workforce • Discussions with state governments underway Progress till date • Content being developed for skills in different sectors Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 6
  8. 8. Select case study – B - ABLE Elements Description • Rs 30.3 Cr – Debt financing • No of centres to be launched – 400 • No of people trained in 10 years – 1 MnDeal value and size • Capacity created per annum – 0.2 Mn • Hub and spoke model for centre creation • In addition to classroom training guaranteed 4 week apprenticeship with a prospective employer Business model • Tie ups with corporates like L&T and Tata dealers established • 6 trades being covered – Agriculture and allied activities, Construction, Tourism, Banking, Hospitality, Food Processing • 3 centres set up – Purnia, Dausa and Dehra Dun Progress till date • 49 enrollments Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 7
  9. 9. In addition Sector Skills councils being set with 3 keyobjectivesInformation and Inputs – Setting up LMIS to assist planning and delivery of training – Identification of skill development needs and preparing a catalogue of skill types – Develop a sector skill development plan and maintain skill inventoryStandards and Recognition – Developing skill competency standards and qualifications – Standardisation of affiliation and accreditation process – Participation in affiliation, accreditation, standardisationBest Practice introduction – Plan and execute training of trainers – Promotion of academies of excellence Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2010 NSDC. All Rights Reserved. 8

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