Understanding Academic Bank of Credits

The new National Education Policy that became effective from July 2020 has become a buzzword; We all say NEP 2020. Some people in various forums even call it nep, which however is an inappropriate connotation of this vision document which aims to see India as a “global knowledge superpower” and a “skills hub”. NEP 2020 recommendations based on the AEE principle [access, equity and equality] In Interdisciplinary Institutions of Higher Education (HEIs) (integrating natural sciences, social sciences and humanities), a four-year bachelor’s program with honors or research [FYUGP], one year PG, one-year research inclusion for two-year PG programme, experiential learning, internships with industries, research centers, etc., integration of research and innovation, results-based approach to education, entrepreneurship, skills and vocational training, subject specific pedagogical approaches, CBCS review with credit framework, accreditation of open online courses through SWAYAM and other online portals and use of digital technology with general or general education at UG level in higher education institutions are the cornerstones. The focus is on developing job providers rather than job seekers, to meet the growing needs of employers and align Indian educational preparation with international standards.

Entailing Academic Mobility and Flexibility With the removal of rigid boundaries for interdisciplinary education, the concept of creating a nationwide facility – ABC (Academic Credit Bank) has stimulated the spirit of new learning pathways in the degree process and award according to the learner’s desire, choice, need, aspirations and taste.

Furthermore, to meet the requirements of choice-based learning or study at home or abroad, online or offline, within a single institution or across institutions, corporate partnership and collaboration, dual degree or single degree with additional courses including professional skills and courses, The ABC scheme is expected to make it easier and feasible according to the learner’s aspirations and institutional specifications.

It is important to summarize here what we mean by one academic credit. Credit is a standard methodology for calculating one hour of theory, one hour of educational program, or two hours of practical work (laboratory work) per week in a semester of 15 weeks/90 workdays gained by the student and awarded by the Higher Education Institute after due assessment and recognition.

Thus, ABC is simply an academic bank account open to students across the country to provide the autonomy for students to earn credits through any online as well as offline educational platform at one or more institutions of higher education (anytime, anywhere and any level of education ) and for the transfer and consolidation of these credits.

Therefore, it allows credit to be accumulated and redeemed through the process of transferring the credits earned in the student’s ABC account (saved in the tertiary institution) to finally be awarded as a certificate, diploma or degree from an accredited and accredited tertiary institution.