The Union Cabinet on Oct. 27 approved the setting up of a National Academic Depository (NAD), which will be a bank of all digitised education records from school onward.
Like company shares, school leaving certificates, mark sheets, degrees, diplomas will be converted to de-mat format by National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL).
The Cabinet decided that the depository would be established in three months and cover almost all education institutions by 2017-18.
“Requests for access to academic awards, for example, from potential employers and academic institutions would be only on the basis of consent of the student,” a government press release stated.
Source: The Indian Express