Now, all educational certificates to be digitised
The depository would be established and operationalised within the next three months and would be rolled out throughout the country in 2017-18, the Union Cabinet decided on October 28
In a step further towards Prime Minister Narendra Modi’s Digital India scheme, a National Academic Depository (NAD) on the lines of a security depository is set to come up in the next three months to digitally store school learning certificates, degrees and other academic awards of institutions of higher education.
According to the reports, the depository would be established and operationalised within the next three months and would be rolled out throughout the country in 2017-18, the Union Cabinet had decided on October 28.
The Finance Minister’s Budget speech in February had included the commitment to establish a Digital Depository for school learning certificates, degrees and other academic awards of higher education institutions, on the pattern of a Securities Depository, said a statement issued after the Cabinet meeting.
“The decision aims at bringing another dimension and enhancement of the vision of Digital India,” it added.
It has been reported that NAD would be operationalised by NSDL Database Management Limited (NDML) and CDSL Ventures, Limited (CVL) — two of the wholly-owned subsidiaries of the Depositories registered under Securities Exchange Board of India (SEBI) Act, 1992.
It had to be noted that the responsibility for authenticity of data digitally uploaded would be of Academic Institutions. The depositories will ensure the integrity of the data in the NAD. According to the reports, the NAD will register educational institutions, boards, eligibility assessment bodies, students and other users such as verifying entities like banks, employer companies, government agencies and academic institutions.
It is said to provide digital or a printed copy of the academic award with security features to the students or other authorised users. However, it has also been known that NAD will verify academic awards online on the same day of request initiated by any authorised user. And the requests for access to academic awards from potential employers, and academic institutions would be only on the basis of the consent of the student.
The NAD will maintain the authenticity, integrity and confidentiality of its database. It will also train and facilitate academic institutions to efficiently lodge academic awards in the database.