LIC Golden Jubilee Scholarship: Apply now
Kochi: Life Insurance Corporation of India has invited applications from 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 with 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.
Students who have passed Class XII exam or its equivalent in the Academic Year 2015-16 and are interested to pursue higher education in the field of
(i) Medicine, Engineering, Graduation in any discipline, Diploma Course in any field or other equivalent courses (ii) Vocational Courses through Government recognized Colleges/Institutes or courses in Industrial Training Institutes (ITI) are eligible.
Applicant should have passed Class XII exam or equivalent in the Academic year2015-16 with at least 60% marks or equivalent grade. 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), the basic educational qualification is relaxed to Class X or equivalent with at least 60% marks in the Academic year 2015-16 subject to income ceiling of parents/guardians.
Scholarship shall be provided for the entire duration of the course subject to the candidate fulfilling the requisite eligibility conditions for renewal.
The value of the scholarship is Rs.10,000/- per annum and is payable in ten monthly instalments of Rs.1,000/- each. A total of 20 Scholarships will be given at each Divisional Office level, with 10 for boys and 10 for girls.
The Scholarship amount will be transferred to Bank Account of the selected scholar through NEFT. Therefore in case the candidate is selected for scholarship, the Bank Account details and IFSC code are compulsory.
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.
Those getting the scholarship 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.
Only one student from a family will be eligible for the Scholarship. 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 employer for employed parents supported by documents (from revenue department) such as land held in the name of parents.
The scholarship may be suspended or cancelled, if a student violates any terms and conditions of the scholarship. 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.
How to apply
Applications can be submitted online through the link at https://www.licindia.in or at https://www.licindia.in/Bottom-Links/Golden-Jubilee-Foundation/Scholarship, latest by 23rd September, 2016.
Applicant will get acknowledgement at the email ID provided in the online application. Further correspondence will be made by the Divisional Office which is mentioned in the acknowledgement mail. The candidate should ensure to submit his correct email id and contact number for communication at a later date, if required. Bank Account details and IFSC code are not compulsory at this stage.
Divisional Offices are processing the online applications received from the candidate. The students will be contacted if they are shortlisted.
For details, visit https://www.licindia.in/Bottom-Links/Golden-Jubilee-Foundation/Scholarship