The National Skill Development Fund (NSDF) has been set up as a Trust fully owned by the Government, under the Indian Trusts Act, 1882, to act as a receptacle for financial contributions by Government/Government entities and multilateral/bilateral and other private sector donors who would prefer to provide funds through the Government.
It was set up in 2009 by the Government of India for skill development in the country. The Fund is contributed by various Government sources, and other donors/ contributors to enhance, stimulate and develop the skills of Indian youth by various sector specific programs.
The Fund is operated and managed by the Board of Trustees. The Chief Executive Officer of the Trust is responsible for day-to-day administration and management of the Trust. The Fund meets its objectives through National Skill Development Corporation (NSDC) which is an industry led ‘Not for Profit Company’ set up for building skill development capacity and forging strong linkages with the market. NSDC acts as a catalyst in skill development by providing funding to enterprises, companies and organizations that provide skill training. It also develops appropriate models to enhance, support and coordinate private sector initiatives.
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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.
The Monitoring Agency (MA)Â would assist in the development of a suitable monitoring framework, in respect of the activities of NSDC and its assisted projects, with a view to ensure that the activities are aligned with the objectives of NSDF and are consistent with the provisions of Investment management Agreement (IMA) between NSDF and NSDC.
For this purpose, the MA will undertake the following activities: –
Study of the existing policies of NSDC pertaining to: –
I. Selection of eligible projects under the scheme
II. Sanction of funding assistance/ investment and disbursement of funds thereof
III. Current organizational delegation structure in respect of sanction and disbursement
IV. Existing mechanism for monitoring end use of funding assistance/investments made by NSDC
V. Key indicators identified for assessment of operating performance of the projects in terms of coverage and success rate etc.
VI. Mapping the flow of funds from NSDC vis-a-vis the budget/work plan estimates prepared in respect of assisted projects.
Important InformationÂ
Last Date and Time for receipt of request for clarifications : 17th March, 2020 by 1700 hours
E-mail ID: lendup.sherpa@nic.in
Last Date and Time for online submission of EOI : 24th March, 2020 till 1700 hours
Date and Time for online opening of EOI :Â 26th March, 2020 at 0900 hours
Contact Persons for Queries Under Secretary, MSDE- 011-23465892
For complete details on Scope of Work, Application Process, Eligibility Terms and other details, refer EOI Document ( Click Here for Free Download )
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