National Skill Development Corporation (NSDC) - Everything Explained

What Is National Skill Development Corporation (NSDC)?

NSDC Courses Available in India

How to Get an NSDC Affiliation?

To understand NSDC funding affiliation and its crucial elements, you might want to refer to the following table -

Parameters

Funding Guideline

Eligibility

Legal entities, including company, society, trust. However, it is not limited to these entities only as per the applicable laws and processes.

Fundings available for

Training infrastructure (except acquisition or creation of immovables), Working capital

Rate of interest

6% p.a.

Moratorium period for principal

Up to 3 years

Interest moratorium period

NA

Repayment duration

7 years including moratorium

Contribution of promoters

15% of investment requirement (minimum) for not-for-profit entities, 25% of investment requirement (minimum) for for-profit entities

Training commitment

Standard proposals: 20,000 persons for more than 7 years, Corporates (listed in NSE/BSE for over 3 years with a credit rating of A or more or foundations/ventures of such organisations): 5000 persons per centre for more than 7 years, Engineering colleges, private universities, polytechnics, ITI: 5000 candidates for over 7 years

Placement guarantee commitment

Minimum 70%

Collateral

First charge on (Project assets, Cash flow of the project, IP developed under the project ), Personal or corporate guarantee or put-option on other associate companies, Pledged shares: Minimum 51% of the project implementing entity’s equity, Hard collateral covering at least 30% of the loan amount, Pledge letters (not-for-profit entities), Post-dated cheques

Further, this organisation offers a range of skill development schemes.

National Skill Development Schemes in India

Frequently Asked Questions