Academic Bank Of Credit:
The Academic Bank of Credits (ABC) is expected to be implemented from this academic year.
- However, this scheme has many pros and cons and there are issues which still need to be addressed before it gets implemented.
- ABC will affect organised, systematic learning: Students may find it difficult to change colleges from different universities.
- The university or the college a student studies in also makes a difference in terms of the name and quality of education provided.
- Impact on remote institutions: Only the National Assessment and Accreditation Council (NAAC) graded institutions can join the Academic Bank of Credit.
- It may push the already remote institutions to become more marginalized.
- There can be conflict of interests between different states governed by different political parties in restructuring their policies to enable ABC.
- Providing additional seats to students under ABC in premier institutes which already have high demand would incur additional costs for institutions.
- Academic Bank of Credit (ABC), proposed under the National Education Policy (NEP) 2020, was unveiled in July 2021.
- Set-up by the University Grants Commission (UGC).
- Under the ABC, students will be given multiple entry and exit options.
- This enables students to leave a degree or course and get a corresponding certification and rejoin studies after a certain time and be able to start from where they had left.
- It will also provide students with the flexibility to move between institutes while pursuing one degree or leave a course.
- ABC will keep records of the academic credits of a student.
- It will not accept any credit course document directly from the students for any course they might be pursuing, but only from higher education institutes, who will have to make deposits in students’ accounts.
- ABC will help in credit verification, credit accumulation, credit transfer and redemption of students, and promotion of the students.