Punjab Skill 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.
PSDF aims to provide skills and vocational training opportunities to the poor and vulnerable populations of the four poorest districts of Punjab for improving their ability to find work or progress in their current employment or develop an enterprise. It also aims to up-skill those in low-skills-low-returns’ jobs and enhance their earning potential.
The Fund will provide resources to help private sector enterprises and partnerships develop and offer vocational training courses. It will be focused on establishing a market which responds to the needs of the individuals and the labour market. Its funding and incentive structures shall ensure such responsiveness from 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 achieve the stated vision through partnerships and innovative delivery methods.