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State banks on IIM to tap resources
Plan to chart skill upgrade

Ranchi, Oct. 10: The state government is planning to prepare a skill roadmap with the help of IIM-Ranchi to ensure over 10 million youths and workforce in Jharkhand become employable in varied sectors.

Chief minister Arjun Munda today held a meeting with IIM-Ranchi director M.J. Xavier and senior government officials at his Kanke road residence to discuss the upgrade plan in tune with the National Skill Development Mission.

The central programme aims to cover 50 crore people in the country in the next decade.

“It was a preliminary meeting. The discussion centred on how to improve skills of the workforce, mainly in rural areas, to ensure better livelihood options. We are ready to help the government for this noble cause,” Xavier said.

The Centre has launched the National Skill Development Corporation (NSDC), a public-private partnership initiative, to fulfil the growing need for skilled manpower across sectors and narrow the existing gap between the demand and supply of skills.

The objective of the corporation is to contribute significantly to the overall target of upskilling 500 million people in India by 2022, mainly by fostering private sector initiatives in skill development programmes and offering funds.

The National Skill Development Mission consists of three institutions, including the Prime Minister’s national council on skill development and the National Skill Development Co-ordination Board under the chairmanship of deputy chairman of the Planning Commission.

The third and most important component is NSDC, a non-profit company under the Companies Act, 1956.