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HomeIndiaUGC brings all larger instructional institutes underneath ABC regulation

UGC brings all larger instructional institutes underneath ABC regulation

Earlier, solely instructional establishments having A grade by NAAC or larger had been eligible to affix the ABC platform.

Representational picture. News18

The College Grants Fee has introduced all the upper training establishments underneath one platform by amending the Educational Financial institution of Credit score (ABC) regulation.

Any more, all universities, faculties and autonomous instructional establishments can participate within the ABC system no matter their Nationwide Evaluation and Accreditation Council (NAAC) and Nationwide Institute Rating Framework (NIRF) rankings.

Earlier, solely instructional establishments having A grade by NAAC or larger had been eligible to affix the ABC platform.

The Educational Financial institution of Credit system will assist college students to change between establishments and programmes.

Underneath this method, pupil will open a novel Educational Financial institution Account in digital type; and the account holder shall be supplied with a novel ID and entry to the Normal Working Process (SOP). “It  was felt that universities and autonomous faculties satisfying sub-regulation (2) of regulation and the establishment of Nationwide Significance as declared by the Authorities of India and particularly empowered by an act of Parliament to confer grant levels, no matter their NAAC or NIRF rating ought to be capable of register within the Educational Financial institution of Credit,” UGC notification talked about.

The Educational Financial institution of Credit score (ABC) system was launched by prime minister Narendra Modi final 12 months.

With inputs from businesses

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