40 central universities to implement credit bank | Daily Current Affairs 2021

40 central universities to implement credit bank

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Glue Grant Scheme

Glue Grant Scheme: Forty Central universities will be implementing innovative measures such as the academic credit bank and the Glue Grant Scheme.

About Glue Grant Scheme:

  • The glue grant scheme was announced in this year’s budget.
  • Under the Glue Grant Scheme, institutions in the same city would be encouraged to share resources, equipment and even allow their students to take classes from each other.
  • This is the first step for multidisciplinarity.
  • Ultimately, faculty will be able to design joint courses and a Delhi University(DU) student will be able to take a few classes at IIT-Delhi or vice versa,
  • This also means that institutions need not duplicate work by developing the same capacities, but would be able to build on each other’s expertise.

About Academic Credit Bank:

  • Under this system, the students can attain qualifications by earning credits rather than specific durations on campus.
  • A certain number of credits would add up to a certificate, then a diploma and then a degree. This would allow for multiple entries and exit points.
  • Moreover, students can earn up to 40% of their credits in online Swayam classes. In the future, the credits will be valid across institutions.

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