In Nep 2020 ABC stands for Academic Bank of Credit .
The Academic Bank of Credit (ABC) is a system that aims to recognize and preserve an individual's academic achievements and qualifications. It operates by creating a central repository of academic records that can be easily accessed and verified by educational institutions and employers.
The idea behind the ABC is to create a more efficient and streamlined process for individuals to have their academic credentials recognized, regardless of where they obtained their qualifications. This can make it easier for individuals to have their qualifications recognized when they move between countries or when they change careers.
The ABC collects academic records from educational institutions and stores them in a secure central database. The records are then verified and validated to ensure their accuracy and authenticity. Individuals can access their records through the ABC, and authorized organizations, such as educational institutions or employers, can access the records as needed to verify an individual's qualifications.
The implementation of an Academic Bank of Credit can help to reduce the administrative burden associated with verifying academic qualifications and can provide individuals with a secure and easily accessible record of their academic achievements.