Skill Development - GS questions based on daily current affairs

ANSWER: None

Explanation:
- National Skill Development Corporation is not for profit “Company” under the Companies Act.
- It is 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%.
- National Skill Development Agency is an autonomous body under the Ministry of Skill Development and Entrepreneurship.

ANSWER: None

Explanation:
- Udaan is the Special Industry Initiative (SII) for J&K.
- It is funded by Ministry of Home Affairs and implemented by National Skill Development Corporation (NSDC).
- The program is a part of the overall initiative for addressing economic issues in J&K.
- Udaan program addresses the needs of the educated unemployed in J&K.
- It is targeted towards graduate, post graduate and three year diploma engineers.
- The aim is to provide skills and job opportunities to the youth.
- Simultaneously, the aim is also to provide exposure to corporate India towards the rich talent pool available in J&K.
- The target was to reach out to 40,000 youth in J&K over a period of 5 years.
- The Udaan program encourages corporates to travel to J&K meet with the youth and hire aspiring youth in J&K who wish to explore the opportunity to work with corporates.