Punjab Skills Development Fund (PSDF) is a not-for-profit company set up under the Companies Ordinance 1984 by the Government of the Punjab in collaboration with Department for International Development UK. It was established in 2010, as a GBP 50 million training fund with the objective of financing 135,000 individuals by stimulating a market for training services. Currently Punjab Skills Development Fund (PSDF) is running various schemes under three main programs with the objective of financing 380,000 individuals which are: Punjab Skills Development Program (PSDP) which is a 32 Million US Dollar World Bank funding to Government of Punjab: Skill Development Program (SDP) which is GBP 127 Million collaboration of the Government of the Punjab and Department for International Development UK: IRMNCH which is completely owned by Punjab Government and include funding of Rs. 35 Million.
PSDF aims to provide quality skills and vocational training opportunities to the poor and vulnerable populations of all the 36 districts of Punjab in order to improve livelihood prospects for them.
PSDF initiated its operations for the residents of four districts of southern Punjab i.e Bahawalpur, Bahawalnagar, Muzaffargarh and Lodhran. In 2016, PSDF’s geographical coverage expanded to all the districts of Punjab: In these 36 districts, PSDF is pursuing its skills promotion efforts to achieve inclusive growth by focusing on employment intensive productive sectors.
The Fund is providing resources to help private sector enterprises and partnerships develop and offer high quality vocational training courses. Since its establishment in 2011, PSDF has trained 150,000 youth in over 200 trades and it works with over 250 private and public sector training providers. Over the next 5 years, we will be training over 400,000 youth across Punjab that will be employed in Pakistan and abroad.
Through its multiple interventions, PSDF is also focusing on establishing a training market which responds to the training needs of individuals and various industrial sectors. Our funding and monitoring structures ensure responsiveness and quality of trainings from the private, public and not-for-profit training providers. It is important, however, to realize that PSDF is a funding body and not a planning or implementing agency. It aims to encourage efficient use of existing capital investments and assets to promote skills development through partnerships and innovative delivery methods.