Prime Minister Narendra Modi will unveil the Academic Bank of Credit (ABC) today, July 29. Set-up by the University Grants Commission (UGC), it is one of the biggest and most awaited reforms suggested under the National Education Policy (NEP) 2020. Under the ABC, students will be given multiple entries and exist systems to enable students to get the appropriate certification if they decide to leave a programme after a certain time period.

It will also provide students with the flexibility to move between institutes while pursuing one degree or leave a course and rejoin it later from where it was left off. ABC has been drafted on the lines of the National Academic Depository.

A virtual store-house, ABC will keep records of the academic credits of a student. To use the account, students will have to register themselves first. Thereafter, they would be provided with a unique id and Standard Operating Procedure (SOP) to use their accounts.

ABC 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/redemption of students, and promotion of the students.

Any university or college registered with ABC, which does not fulfill the required tasks may be recommended to be removed from the scheme by UGC or may be given any appropriate penal punishment as decided by the commission.

Prime Minister Narendra Modi will be launching key initiatives as part of one year of the National Education Policy (NEP) 2020 today. Apart from the ABC reform, Modi will also be launching first-year engineering programmes in regional languages, introduce guidelines for internationalization of higher education as well as launch the National Digital Education Architecture (NDEAR) and National Education Technology Forum (NETF).

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