The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under:
Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below:
A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh;
A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore;
A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.
In case of the above enterprises, investment in plant and machinery is the original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide
its notification No.S.O.1722(E) dated October 5, 2006
Since its inception, Sector Skill Councils (SSCs) are one of NSDC’s significant pillars of strength, which play a vital role in bridging the gap between industry demand and the skill ecosystem. Playing an instrumental role, SSCs bring together all the stakeholders – industry, labour and academia together to ensure that the industry is furnished with skilled and efficient workforce. Operating as an autonomous body, a Sector Skill Council is registered as a Section 8 Company, or a Society. NSDC initiates and incubates SSCs with initial seed funding to facilitate their growth and enable them to achieve self-sustainability in a time-bound manner
To facilitate employment, Sector Skill Councils have been encouraged to develop their own placement portal and mobile applications. These portals are linked to demand aggregation and are aimed at mapping the skill needs of the industry.The 360-degree interface of the portal connects candidates and training partners with recruitment firms and potential employers. Some of the SSCs have already started operating such portals, while a few others would follow.
National Skill Development Corporation (NSDC) is a not-for-profit public limited company incorporated on July 31, 2008 under section 25 of the Companies Act, 1956 (corresponding to section 8 of the Companies Act, 2013).
NSDC aims to promote skill development by catalyzing creation of large, quality and for-profit vocational institutions. Further, the organisation provides funding to build scalable and profitable vocational training initiatives. Its mandate is also to enable support system which focuses on quality assurance, information systems and train the trainer academies either directly or through partnerships. 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. The differentiated focus on 21 sectors under NSDC’s purview and its understanding of their viability will make every sector attractive to private investment.
The Healthcare Sector Skill Council (HSSC) is a Not-for-Profit, Non- Statutory Certifying Organization, under the ambit of Ministry of Skill Development and Entrepreneurship (MSDE) and registered under the Societies Registration Act, 1860. The Council has been promoted by the Confederation of Indian Industry (CII), National Skills Development Corporation (NSDC) and Healthcare Industry Leaders representing both public and private sector.
The key objective of the Council is to create a robust and vibrant eco-system for quality vocational education and skill development in Healthcare space in the country
