The Union Finance Minister Shri P. Chidambaram has informed the House that the National Skill Certification and Monetary Reward Scheme was launched in August 2013 and has been widely hailed as success. 168,043 youth had enrolled and 77,710 have completed their training.

The Finance Minister Shri Chidambaram further informed the House that at last count, 24 Sector Skill Councils, 442 Training Partners and 17 Assessment Agencies had joined the programme. 204 job roles have been finalized.

The Finance Minister Shri Chidambaram said that Rs. 1000 crore set apart in previous financial year (2013-14) the whole of that amount will be transferred to the NSD Trust and proposed the transfer of another sum of Rs. 1,000 crore next year (2014-15) to enable the Trust to scale up the programme of NSDC rapidly.

National Skill Certification and Monetary Reward Scheme expands funding and enrolment, enabling scale-up through Trust transfers. National Skill Certification and Monetary Reward Scheme launched in August 2013 has recorded 168,043 enrolments and 77,710 completions; 24 Sector Skill Councils, 442 Training Partners and 17 Assessment Agencies participate and 204 job roles have been finalized. A previously allocated fund will be transferred in full to the NSD Trust and an additional equivalent allocation is proposed for the following year to enable rapid scaling of NSDC activities.