The University Grants Commission, with the concurrence of the Ministry of Education, notified
“The University Grants Commission (Establishment and Operation of Academic Bank of Credits (ABC) in Higher Education) Regulations, 2021” in the Gazette of India on 28th July 2021.
The Academic Bank of Credits (ABC) platform has been developed by the National e-Governance Division (NeGD) of the Ministry of Electronics and Information Technology (MeitY) under the DigiLocker framework.
Academic Bank of Credits (ABC) will digitally store the academic credits earned by students from higher education institutions registered with ABC for awarding degree, diploma, or certificates, taking into account the credits earned by students.
FEATURES OF ABC
The following features will be available for the students in the ABC application:
Registration for a unique ABC ID (which can be shared between Academic Institutions for any course).
Viewing of total credits accumulated under one window.
Selection of multiple credits for transfer or redemption.
Viewing of the transfer request status.
Reinitiating credit transfer at their convenience.
BENEFITS OF ABC
Increases students’ freedom in choosing their courses and academics.
Enables students to drop out in any year and exchange earned credits with a certificate/diploma if eligible.
Students can redeem credits and rejoin the same or any other institute in the future.
Institutes cannot force students to stay enrolled only for financial reasons.
Students must provide their ABC ID to institutions so that credits can be uploaded on DigiLocker – National Academic Depository.
