The National Council for Vocational Education and Training (NCVET) on June 19, 2024, issued the Draft Guidelines on Creditisation of Skilling & Training Courses & Qualifications of Multinational Companies (MNCs) and Leading Indian Enterprises.
The following has been stated:
• Objectives:
o These Guidelines will enable multiple pathways for learners to move from skilling to education and vice-versa as the NEP & NCrF enable recognition of all types of learning and utilization of earned credits for getting into multiple streams including higher education. The credits earned by a candidate shall be uniquely registered against the APAAR (Automated Permanent Academic Account Registry) ID and stored in the Academic Bank of Credits (ABC). This shall enable not just the recognition of learning and storage as credits but also options for multidisciplinary & lifelong learning through mobility, redemption, and utilization of such credits.
o This shall also enable the creation of a pool of world-class workforce that is skilled and certified on globally recognised skill trainings/courses by the globally reputed MNCs including, OEMs, ODMs, and VARs, and Leading Indian Enterprises. In a world of Gig economy and the future of work, such a pool of workforce with readily available future skill sets shall surely help in making India the Skill Capital of the World.
• Scope:
o These guidelines shall generally apply to globally reputed Multinational Companies (MNCs) and the Leading Indian Enterprises, including, Original Equipment Manufacturers (OEM), Original Design Manufacturers (ODM) & Value Added Reseller (VAR) as defined in Section 3 of these guidelines.
[Notification No 42001/01/2023/NCVET]
