The Union Cabinet on Wednesday approved the merger of regulatory institutions the National Council for Vocational Training (NCVT) and the National Skill Development Agency (NDSA) into the National Council for Vocational Education and Training (NCVET).
"The NCVET will regulate the functioning of entities engaged in vocational education and training, both long-term and short-term, and establish minimum standards for the functioning of such entities," an official statement said.
It will be headed by a chairperson and will have executive and non-executive members.
"This institutional reform will lead to improvement in quality and market relevance of skill development programmes lending credibility to vocational education and training, encouraging greater private investment and employer participation in the skills space," the statement said.
The merger is expected to achieve the twin objective of enhancing aspirational value of vocational education and of increasing skilled manpower furthering the agenda of making India the skill capital of the world.
"This is also expected to facilitate the ease of doing business by providing a steady supply of skilled workforce to the industry and services," the statement said.