Explanation:

NSDC is a one-of-its-kind, Public Private Partnership (PPP) model in India, under the MSDE. A not-for- profit company set up by the Ministry of Finance, under Section 25 of the Companies Act, it has an equity base of Rs.10 crore, of which the Government of India holds for 49%, while the private sector has the balance 51%. It aims to promote skill development by catalysing creation of large, quality and for-profit vocational institutions. NSDC provides funding to build scalable and profitable vocational training initiatives. NSDC acts as a catalyst in skill development by providing funding to enterprises, companies and organisations that provide skill training. It will also develop appropriate models to enhance, support and coordinate private sector initiatives.