Non profit corporation proposed to launch world class skill dev pr

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New Delhi, Feb 29 (UNI) Emphasising the need to launch a world-class Skill Development Programme in Mission Mode, that will address the challenge of imparting the skills required by a growing economy, Finance Minister P Chidambaram proposed to establish a non-profit corporation and entrust the mission to that corporation.

''It is my intention to garner about Rs 15,000 crore as capital from Governments, the public and private sectors, and bilaterial and multilateral sources, that will address the challenge of imparting the skills required by a growing economy'' Mr Chidambaram said while presenting the budget in the Lok Sabha today.

He proposed to put Rs 1,000 crore as the Government's equity in the proposed non-profit corporation. He stressed that both the structure and the leadership of the mission must be such that the programme can be scaled up quickly to cover the whole country.

UNI PDT RR KN1503

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