International Experience with National Training Funds

This article presents an argument for a national training fund in the country. With the growing need for skill development and single financing mechanism by the government, an alternative source of funds for training is required. It explains why firm-level training without a consolidated fund has been unsuccessful. Through examples from across the globe, this article demonstrates how the problem has been addressed in various forums, and suggests the way the schemes can be extended to the informal sector. It concludes by suggesting the combination of schemes that could be applied in India, and how money can be raised for the same.