Government ropes in PSUs to undertake Skilling
By the Economic Times
August 21, 2018
Having failed to attract private players in a big way to undertake skilling in India under PM Narendra Modi’s flagship Skill India Mission, government is rapidly roping in its own public sector enterprises to take on targeted skilling in the country.
The latest PSU to join the bandwagon is the NALCO, which will put in Rs 50 crore towards skill development and entrepreneurship till 2020. So far the National Skill Development Corporation (NSDC) has received financial commitments of Rs 163 crore for training more than one lakh beneficiaries including 40,000 aspirants with recognition of prior lending.
The other PSUs who have come forward to rescue the government include the Powergrid, Coal India Limited, NTPC, Rural Electrification Corporation NSE -1.02 % Limited (REC), Hindustan Copper NSE -0.89 % Limited, Mineral Exploration Corporation (MECL), National Mineral Development Corporation (NMDC), Airports Authority of India, Department of Public Enterprises, Indian Oil, Bharat Electronics Limited NSE 1.06 % , NHPC, Nuclear Power (NPCIL) and Nalco Foundation among others.
A senior government official told ET that government is committed towards skilling. "We are trying to do our bit to provide skill training to as many as possible through our PSUs even if private players are taking time to come on board in big numbers," the official said.
According to the official, active participation of PSUs in the skilling mission will encourage industry to come on board and collectively work with the government to make it successful. NTPC has recently committed to train 30,000 youth in five years. Under NTPC Projects, so far trainings has already been completed for around 14,500 beneficiaries.
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