"As we see huge potential in the state's youth, we will ensure they receive the right skills and education for a better future," Mathur said.
The scheme envisages covering a million skilled people overtime. The monetary reward is based on obtaining a certificate that will be issued by qualified assessors after passing tests.
The skills are also benchmarked to national occupational standards developed by NSDC with the support of the sector skill councils.
The NSDC was formed in 2010 under the finance ministry under the public-private partnership, with 51 percent equity held by private sector and 49 percent by the central government.
As a not-for-profit entity, the corporation includes 26 sector skill councils and 104 training partners with 2,500 training centres across 400 districts in the country.
NSDC is mandated to skill 150 million youth by 2022.