The National Academic Depository (NAD), a division of depository services provider National Securities Depository Limited (NSDL) has kicked off the process of dematerializing education certificates of students.
The Ministry of Human Resource Development and University Grants Commission set up the NAD, a national system for digital issuance, storage and access of all academic records issued by educational institutions of the country. The process of digitization of certificates and degrees etc., will be carried out through NSDL Database Management Limited, a wholly owned subsidiary of NSDL, the first and the largest depository of India.
NSDL is a securities depository which performs the function of an intermediary between the Registrar of Companies (the government organization responsible for registering of all companies) and the companies for dematerialization of shares. Therefore, just the way NSDL has been facilitating dematerialization of shares, it will now be facilitating dematerialization of educational certificates and degrees through its subsidiary, NAD.
All students will be given a digital account in which their academic certificates and degrees issued by educational institutions will be credited in a digital format. Their unique Aadhar number will be used to identify the students.
An initiative of the Ministry of Human Resource and Development, the move will eliminate the need of carrying certificates and degrees around for admissions to educational institutions and interviews for recruitment purposes. Also, there will be no need of physical verification of certificates. Moreover, it will eliminate paper, combat the risk of forged certificates and enable online authentication of certificates by educational institutions and employers. The plan even has the potential to help students by expediting their education loan applications.
The Economic Times quotes GV Nageswara Rao, managing director of NSDL saying,
We expect all universities and academic institutions of national importance, central universities and school boards to upload the data of examination performance. For sophisticated users, like technology companies, we can provide access to our database so that they do not have to download records, but can automate the authentication process.
CBSE became the first educational organization to share the exam results of 27 lakh students with NSDL Database Management.
Though the need for educational certificates in paper will be eliminated with their digitization, but schools, colleges, universities and other educational institutions will continue to issue them in paper for a few years to come.