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What's National Credit Framework(NCrF) 2023 and how it works?

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About NCrF : An initiative under New Education Policy (NEP) 2020. The NCrF is a broad enabling framework for all regulatory organizations and all universities, including institutions of national importance. It is drafted in line with the National Education Policy (NEP 2020). The framework will "seamlessly integrate the credits earned through school education, higher education, and vocational and skill education," the chairman said in a statement. Credit earning criteria  Credit is the recognition that a learner has completed a prior course of learning, corresponding to a qualification at a given level. Simply put, one credit corresponds to 30 notional learning hours in a year of two semesters. Every semester a student is required to earn a minimum of 20 credits. A student earns 40 credits in one year corresponding to 1200 notional learning hours. But students can also earn more than 40 credits in a year. The National Credit Framework has divided education into eight level