<h1 class="ql-align-center">Glue Grant Scheme</h1> <h2>Context:</h2> <ul><li>Forty Central universities will start the implementation of innovative measures such as the academic credit bank and the glue grant meant to encourage multidisciplinary in UG courses.</li></ul> <h2>Glue Grant Scheme:</h2> <ul><li>The scheme announced in this year’s budget is the first step for multidisciplinary, institutions in the same city would be encouraged to share resources, equipment and even allow their students to take classes from each other.</li></ul> <ul><li>We intend to start this from the second semester of the current academic year and faculty will be able to design joint courses.</li></ul> <ul><li>This also meant that institutions need not duplicate work by developing the same capacities, but would be able to build on each other’s expertise</li></ul> <h2>Credit bank:</h2> <ul><li>Academic Bank of Credit is envisaged as a&nbsp;digital bank that holds the credit earned by a student in any course.</li></ul> <ul><li>The academic credit bank is the first step, which would have to be adopted separately by the academic council of each university to kick off implementation.</li></ul> <ul><li>This will allow students to select the best courses or combination of courses&nbsp;to suit their aptitude and to tailor their degrees or make specific modifications or specialisations rather than undergoing the rigid, regularly prescribed degree or courses of a single university.</li></ul> <ul><li>A certain number of credits would add up to a certificate, then a diploma, and then a degree, allowing for multiple entries and exit points.</li></ul> <ul><li>Students can earn up to 40% of their credits in online Swayam classes, rather than in the physical classroom. In the future, these credits will hold validity across different institutions.</li></ul>