Glossary

Glossary skill development

NSN Glossary

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There are currently 17 names in this directory beginning with the letter M.
M. VOC
M. VOC - Students can now go for a Masters degree in Vocational education after completing their B.Voc degree. In a major boost to vocational education, the University Grants Commission (UGC), after introducing an undergraduate degree in the stream, has now specified a Master’s degree for it.The UGC, around three years ago, had launched B.Voc in higher education as a part of the National Vocational Education Qualification Framework (NVEQF). The vocational education was made part of college/university education, leading to award of Degree/Advanced Diploma/Diploma in the stream.The program was formulated on the guidelines spelt out in the NVEQF and the stipulations of the All India Council for Technical Education (AICTE). The National Skills Qualifications Framework (NSQF) later superseded NVEQF.

Make in India
Make in India : Make in India,an initiative covering 25 sectors of the economy was launched by the Government of India on 25 September 2014 to encourage companies to manufacture their products in India and also increase their investment.Learn more: http://www.makeinindia.com/home

MEPSC
MEPSC - Management Entrepreneurship and Professional Skills Council has different sectors. Skill development initiatives will be undertaken in four key segment domains of : Professional Skills, Entrepreneurship Skills, Office Management and Training & Assessment. The main aim of MEPSC is to give jobs to the skilled manforce and make them skilled in technical and generic ways. MEPSC has confirmed and assured to create technically and professionally competent workforce and industry professionals for both national and international markets. It is being promoted by All India Management Association (AIMA), the apex body of management profession in India as its sole promoter.

MES
MES - A Manufacturing Execution System is an information system that connects, monitors and controls complex manufacturing systems and data flows on the factory floor. The main aim of an MES is to ensure effective execution of the manufacturing operations and improve production output. A MES helps achieve that goal by tracking and gathering accurate, real-time data about the complete production lifecycle, beginning with order release until the product delivery stage for finished goods.

MES-Modular Employable Skills
MES-Modular Employable Skills. Directorate General of Training (DGT), Ministry of Skill Development and Entrepreneurship (Erstwhile Ministry of Labour & Employment, Directorate General of Employment and Training (DGE&T)) launched a Modular Employable Skills (MES) under Skill Development Initiative (SDI) Scheme through Directorate General of Employment & Training in May 2007. Under this scheme, training to earlier school leavers and existing workers especially in a unorganised sector are to be trained for employable skills. In close consultation with industries/State Governments and expertise the scheme has been operationalized since 2007. A majority of Indian workforce does not possess marketable skills which is an impediment in getting decent employment and improving their economic condition. While India has large young population, only 5% of the Indian labour force in the age group of 20-24 years has obtained vocational skills through formal means whereas the percentage in industrialized countries varies between 60 % and 96%. Learn more: http://www.dget.gov.in/content/innerpage/introduction-sdis.php

MESC
MESC- Media & Entertainment Skills Council founded in 2012, registered under the Societies Registration Act, 1860 has been promoted by Federation of Indian Chambers of Commerce & Industry (FICCI) with the financial support from National Skill Development Corporation (NSDC).MESC plans to up-skill and train approximately 11.74 lakhs candidates for Media and Entertainment industries to make them employable within a period of 10 years and contribute to the National Skill Mission for creating 500 million Skilled human resource by 2022.The goals of MESC is to conduct Skill Gap Study and develop Occupational Standards,launch Skill Cataloguing for the Media and Entertainment Industry,develop Skill development plan with industry stakeholders, Government Agencies and NSDC to set up a Labor Market Information System (LMIS),standardization of affiliation, accreditation, and assessment process aligned with NSQF guidelines and analyse and create a pool of certified trainers and assessors across the country. Learn more: https://www.nationalskillsnetwork.in/media-entertainment-skills/

MHRD
MHRD - Ministry of Human Resource Development (MHRD) was created on September 26, 1985 .The main objectives of the Ministry would be Formulating the National Policy on Education and to ensure that it is implemented in letter and spirit.Planned development in increasing access and improving quality of the educational institutions throughout the country and in the regions where people do not have easy access to education.Paying special attention to deprived groups like the poor, females and the minorities.By giving financial help in the form of scholarships, loan subsidy, etc to deserving candidates from deprived sections of the society.Encouraging international cooperation in the field of education, including working closely with the UNESCO and foreign governments as well as Universities, to improve the educational opportunities in the country. Learn more: http://mhrd.gov.in/

Microfinance
Microfinance - Also called microcredit​, is a type of banking service that is given to unemployed or low-income individuals or groups who otherwise would have no other access to financial services.The main goal of microfinance is to give needy people an opportunity to become self-sufficient. Microfinance services are provided to unemployed or low-income individuals because most of those trapped in poverty, or who have limited financial resources, do not have enough earnings to do business with traditional financial institutions. Microfinance allows people to take on reasonable small business loans safely, and in a manner that is consistent with ethical lending practices.They exist all around the world but the majority of micro financing operations occur in developing nations, such as Uganda, Indonesia, Serbia, and Honduras. Many microfinance institutions focus their attention on helping women in particular.India's SKS Microfinance also serves a large number of poor clients. Formed in 1998, it has grown to become one of the largest microfinance operations in the world. SKS works in a similar fashion to the Grameen Bank, pooling all borrowers into groups of five members who work together to ensure that their loans are repaid. The benefits of microfinance extend beyond the direct effects of giving people a source for capital. Entrepreneurs who develop successful businesses, in turn create jobs, trade, and overall economic improvement within a community. Many micro finances empower women in particular, which leads to more stability and prosperity for families. Learn more: https://en.wikipedia.org/wiki/Microfinance

Minimum wage
Minimum wage- A minimum wage is the lowest remuneration that employers can legally pay their workers. Equivalently, it is the price floor below which workers may not sell their labor. Although minimum wage laws are in effect in many jurisdictions, differences of opinion exist about the benefits and drawbacks of a minimum wage. Supporters of the minimum wage say it increases the standard of living of workers, reduces poverty, reduces inequality, and boosts morale. Learn more: https://en.wikipedia.org/wiki/Minimum_wage

MoLE
MoLE- Ministry of Labour and Employment .The Ministry of Labour & Employment is one of the oldest and important Ministries of the Government of India. The main responsibility of the Ministry is to protect and safeguard the interests of workers in general and those who constitute the poor, deprived and disadvantaged sections of the society, in particular, with due regard to creating a healthy work environment for higher production and productivity and to develop and coordinate vocational skill training and employment services. Government’s attention is also focused on promotion of welfare and providing social security to the labour force both in organized and unorganized sectors, in tandem with the process of liberalization. These objectives are sought to be achieved through enactment and implementation of various labour laws, which regulate the terms and conditions of service and employment of workers. The State Governments are also competent to enact legislations, as labour is a subject in the concurrent list under the Constitution of India.The Ministry aims to create a healthy work environment for higher production and productivity and to develop and coordinate vocational skill training and employment. Learn more: https://labour.gov.in/about-ministry https://en.wikipedia.org/wiki/Ministry_of_Labour_and_Employment_(India)

MoRD
MoRD - Ministry of Rural Development.The Ministry of Rural Development, a branch of the Government of India, is entrusted with the task of accelerating the socio-economic development of rural India. Its focus is on health, education, drinking water, housing and roads.The aims of the Ministry of Rural Development are: Providing livelihood opportunities to those in need including women and other vulnerable sections with focus on Below Poverty Line (BPL) households.Providing social assistance to the elderly, widow and disabled persons.Providing urban amenities in rural areas for improvement of quality of rural life. The department run three national-level schemes: Pradhan Mantri Gram Sadak Yojana (PMGSY) for rural roads development, Swarnajayanti Gram Swarozgar Yojana (SGSY) rural employment and for rural housing, Pradhan Mantri Awas Yojana It handles the administration of District Rural Development Agency (DRDA), and has three autonomous organisations under it: Council of Advancement of People’s Action and Rural Technology (CAPART) National Institute of Rural Development (NIRD) National Rural Road Development Agency (NRRDA) Learn more:https://en.wikipedia.org/wiki/Ministry_of_Rural_Development_(India) https://rural.nic.in/about-us/about-ministry

MRO
MRO - MRO stands for maintenance, repair and operations. In procurement terms it refers to the products and tools purchased that keep an organisation running. It’ s also referred to within the context of ‘indirect procurement’ because these products enable your business activity but are not directly incorporated into any final product you create. Learn more: https://www.rs-connectedthinking.com/en/insights-1-1/what-is-mro-procurement

MSDE
MSDE - The Ministry of Skill Development and Entrepreneurship is a Ministry of Government of India set up on 9 November 2014 to coordinate all skill development efforts across the country. Industrial training, apprenticeship and other skill development responsibilities were transferred from the Ministry of Labour and Employment to this newly-made Ministry on 16 April 2015. It’s goals are to remove the gap between demand and supply of skilled manpower, to build the new skills and innovative thinking not only for existing jobs but also for jobs that are to be created. Learn more: https://www.msde.gov.in/

MSDF
MSDF - The Michael & Susan Dell Foundation is committed to reconstructing the lives of children living in urban poverty through improving their education, health and family economic stability. Learn more: https://www.msdf.org/india/

MSME
MSME - The Ministry of Micro, Small and Medium Enterprises, a branch of the Government of India, is the apex body for the formulation and administration of rules, regulations and laws relating to micro, small and medium enterprises in India.. Definitions of Micro, Small & Medium Enterprises In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Classes: 1. Manufacturing Enterprises-he enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule of the industries (Development and regulation) Act, 1951) or employing plant and machinery in the process of value addition to the final product having a distinct name or character or use. The Manufacturing Enterprise are defined in terms of investment in Plant & Machinery.2. Service Enterprises:-The enterprises engaged in providing or rendering of services and are defined in terms of investment in equipment.The limit for investment in plant and machinery / equipment for manufacturing / service enterprises, as notified. Learn more: https://msme.gov.in/

MSRLM
The Maharashtra State Rural Livelihoods Mission (MSRLM) has been launched in Maharashtra in July 2011 as a registered organization under the aegis of the National Rural Livelihoods Mission (NRLM) – Aajeevika – endeavors to impact rural poverty through a range of comprehensive and strategic livelihoods interventions in a time bound manner. The Mission aims at eradication of rural poverty by building sustainable institutions of poor and ultimately leading them to sustainable livelihoods.The programme also includes past experience and lessons from many livelihoods programmes that demonstrated the value in building self-managed institutions of the poor and their amalgamation for effective poverty reduction. Conceivably, the largest poverty reduction programme for women in the world, the National Rural Livelihoods Mission (NRLM) aims at reaching nearly 70 million rural households in 12 states of India that account for 85% of the rural poor households in the country. Learn more: http://umed.in/umed/

MUDRA
The MUDRA loan is provided under the Pradhan Mantri MUDRA Yojana (PMMY) to non-farming and non-corporate micro and small enterprises. These enterprises can avail loans up to Rs.10 Lakh under the MUDRA (Micro Units Development & Refinance Agency Ltd.) scheme. The scheme was launched by the Prime Minister back in 8th April 2015. There are 3 products under PMMY loan- Shishu, Kishor, Tarun. Learn more: https://www.mudra.org.in/Offerings


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