The primary purpose of the Academic Bank of Credits (ABC), as envisioned by the National Education Policy (NEP) 2020, is to revolutionize student flexibility and mobility in higher education by allowing the seamless digital storage, accumulation, transfer, and redemption of academic credits.
ABC acts as a virtual bank account for students' academic achievements. It securely stores credits earned from various courses and institutions, allowing students to:
Multiple Entry/Exit: Take breaks from their degree (exit) and later re-enter to continue their education without losing their previously earned credits.
Credit Transfer: Transfer credits seamlessly between different Higher Education Institutions (HEIs) and even across different disciplines (multidisciplinary and interdisciplinary learning).
Personalized Learning: Build their own customized degree by combining courses from various HEIs, promoting a student-centric and flexible education system.