Overview:
The objective of the scheme is to award scholarships to meritorious students belonging to economically weaker families so as to provide them better opportunities for higher education and thus enhance their employability.
The scholarship is to be awarded for studies in India in a government or private college/university. It will also cover technical and vocational courses in Industrial Training Institutes/ Industrial Training Centres affiliated with the National Council for Vocational Training (NCVT).
Eligibility:
This scholarship scheme contains two sub schemes.
For Regular Scholar:
- All candidates who have passed Class XII exam (or its equivalent) with at least 60% marks (or equivalent grade) in the Academic Year 2020-21
- Whose parents/guardian have an annual income (from all sources) not exceeding Rs.2,00,000 per annum are eligible to apply for scholarship.
- The grant is provided to students who are interested (and willing) to pursue higher education in the field of Medicine, Engineering, Graduation in any discipline, Diploma Course in any field or other equivalent courses, Vocational Courses through Government recognized Colleges /Institutes or courses in Industrial Training Institutes (ITIs).
For Special Girl Child Scholar:
- To encourage education to girl child, Special scholarship for Girl Child after class 10 for pursuing higher studies in 10 + 2 pattern for two years.
- The candidate who have passed Class X exam (or its equivalent) with at least 60% marks (or equivalent grade) in the Academic Year 2020-21
- Whose parents/guardian have an annual income (from all sources) not exceeding Rs.2,00,000 per annum.
- The grant is provided to girl students who are interested (and willing) to pursue higher education in 10 + 2 pattern.
Note: The Regular scholarship should strictly be provided only to students who are going for under-graduation (or its equivalent). This scholarship is not meant for post-graduation studies
Benefits:
- An amount of Rs.20,000/- per annum will be awarded to the selected Regular Scholar and shall be payable in three instalments.
- An amount of Rs.10,000/ per annum will be awarded for selected Special Girl Child pursuing studies in the 10 + 2 Course and scholarship shall be payable in three instalments.
- The scholarship shall be provided for the entire duration of the course for Regular Scholars and for two years for Special Girl Scholar, subject to the candidate fulfilling the requisite eligibility conditions for renewal.
**The Scholarship amount will be transferred to the Bank Account of the selected scholar through NEFT. Therefore in case, the candidate is selected for the scholarship, the Bank Account details and IFSC code and copy of cancelled cheque with the name of the beneficiary are compulsory.**
Other Conditions:
- Scholarship shall be awarded to the students who have secured not less than 60% marks or equivalent grade in the previous final examination and the annual income of whose parents/guardians from all sources does not exceed Rs.2,00,000/- per annum.
- Selection of LIC Scholar will be on the basis of merit and family background such as percentage of marks in class 12th /10th and annual income of the family. Eligible Students having the lowest income shall be given preference in ascending order.
- The candidate should secure more than 55%marks in professional streams and 50% marks in graduation courses in Arts/Science/Commerce or equivalent grade in the previous final examination of the course for which scholarship is awarded, failing which the scholarship will be discontinued.
- The scholarship shall not be given to more than one student in a family.
- The students should be regular in attendance for which the yardstick shall be decided by the competent authority of the school/college/university.
- Income certificate should be on self-certification basis by way of an affidavit on non-judicial stamp paper for self-employed parents and from the employer for employed parents supported by documents (from revenue department) such as land held in the name of parents.
- If a student violates any terms and conditions of the scholarship, the scholarship may be suspended or cancelled.
- If a student is found to have obtained a scholarship by false statement/certificates, his/her scholarship shall be cancelled forthwith and the amount of the scholarship paid shall be recovered, at the discretion of the concerned Divisional Administration of LIC.
- LIC Golden Jubilee Foundation will lay down the detailed procedure for processing and sanctioning of scholarships to eligible students.
- The scheme shall be evaluated at regular intervals by the LICGJF.
- The regulations can be changed at any time at the discretion of the Board of Trustees of LICGJF.
Last Date to apply:31st December 2021
Link to apply: Click here to apply for the scholarship.
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