Hello,
As per recent UGC guidelines, it has now allowed candidates to pursue two degree courses simultaneously, one through distance mode and another through regular mode, hence you can go ahead with your option, the only concern should be that you're able to manage things efficiently, as you're already working and pursuing some studies, in addition to this there will be another program that you'll be pursuing, so this is something you have to decide on how to manage all the things effectively.
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