National Skill Development Corporation is a public limited company that was established on July 31, 2008, under section 25 of Companies Act 1956 (correspondingly to section 8 of Companies Act 2013, 2013). NSDC was established by the Ministry of Finance under the Public Private Partnership (PPP). The 49% share capital of NSDC is held by the Government of India via Ministry of Skill Development & Entrepreneurship. 51% of its share capital is owned by the private sector.