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Insurance Corporation of India offers ‘LIC Golden Jubilee Scholarship’ for students belonging to the economically weaker families for pursuing higher studies. 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) of classes at Graduation level. Scholarships are available for pursuing courses such as 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 (ITI). 20 scholarships are usually given at each divisional level, with 10 each to the boys and girls.

For Medicine, Engineering, Graduation in any discipline, Diploma Course in any field or other equival

ent courses, applicant should have passed Class XII exam or its equivalent in the academic year 2012-13 with at least 60% marks or equivalent grade. The annual income of parents/guardian from all sources should not exceed Rs.1,00,000/- per annum.

For Vocational Courses through Government recognized Colleges/Institutes or courses in Industrial Training Institutes (ITI), applicant should have passed Class X or equivalent with at least 60% marks in the Academic year 2012-13. The annual income of parents/guardian from all sources should not exceed Rs.1,00,000/- per annum.

Scholarship shall be provided for the entire duration of the course subject to the candidate fulfilling the requisite eligibility conditions for renewal. An amount of Rs.10,000/- per annum will be awarded to the selected candidate which is payable in ten monthly instalments of Rs.1,000/- each. The Scholarship amount will be transferred to Bank Account of the selected scholar through NEFT. In case an applicant is selected for the scholarship, the Bank Account details of the applicant and IFSC code of the branch have to be provided to LIC.

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 the ascending order. Scholarship shall not be given to more than one student in a family.

For details, visit

http://www.licindia.in/GJF_scholarship.htm

or the nearest LIC Branch Office or Divisional Office