The document discusses holistic report cards, which provide a comprehensive evaluation of students' cognitive, socio-emotional, and psychomotor development as recommended by the National Education Policy 2020. A holistic report card assesses students through self, peer, and teacher evaluations and incorporates competency-based assessments like projects. It aims to understand each student's unique strengths and growth beyond academic performance. The NEP 2020 advocates shifting to more formative, multidimensional, and skills-based assessments through holistic report cards to support students' overall development.