What is Academic Bank of Credit (ABC) as per the National Education Po

What is Academic Bank of Credit (ABC) as per the National Education Policy (NEP), 2020?

ABC enables credits awarded to students for one programme from a recognized higher education institution to be transferred or redeemed by another higher education institution

ABC is the bank account of the students for direct transfer of scholarship

ABC is the newly created institution for providing credits to academic institutions for building infrastructure

ABC is an autonomous banking system dealing with the financial management of higher education institutions under NEP, 2020

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UPSC Geoscientist – 2023

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The Academic Bank of Credit (ABC) is a virtual repository or digital storehouse that contains the academic credits earned by students from recognized Higher Education Institutions (HEIs). As envisioned by the National Education Policy (NEP) 2020, ABC facilitates the transfer and redemption of these credits across different HEIs, allowing students flexibility in their educational pathways.

– ABC is a credit transfer mechanism.
– It stores credits earned from registered HEIs.
– It allows redemption and transfer of credits between HEIs.
– Part of NEP 2020’s push for flexible learning.

ABC was formally launched by the UGC in July 2021. It is managed by the University Grants Commission (UGC). The aim is to promote multidisciplinary education and provide students with the option to combine credits from different institutions and disciplines, thereby creating their own degree or certificate program.

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