Kochi: Applications can be submitted online at http://www.licindia.in/GJF_home.htm till 23rd September, 2015, for the '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 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.
Applicant should have passed Class XII exam or its equivalent in the academic year 2014-15 and should be interested to pursue higher education in the field of Medicine, Engineering, Graduation in any discipline, Diploma Course in any field or other equivalent courses or in Vocational Courses through Government recognized Colleges/Institutes or courses in Industrial Training Institutes (ITI).
For Medicine, Engineering, Graduation in any discipline or Diploma course in any field, applicant should have passed Class XII exam or equivalent in the Academic year 2014-15 with at least 60% marks or equivalent grade. For Vocational Courses, applicant should have passed Class X or equivalent in the Academic year 2014-15, with at least 60% marks.
In both cases, 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.
The Scholarship amount is Rs. 10,000/- per annum, 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 the candidate is selected for scholarship, the Bank Account details and IFSC code are compulsory.
20 Scholarships will be given per Divisional Centre of LIC with 10 each for boys and girls.
Selection of LIC Scholar will be on the basis of merit assessed by the percentage of marks in class 12th /10th and family background based on annual income of the family. Eligible Students having the lowest income shall be given preference in the ascending order.
Those selected 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, for continuation of the scholarship in subsequent years. 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 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.
LIC Golden Jubilee Foundation will lay down the detailed procedure for processing and sanctioning of scholarships to eligible students.
Application is to be submitted at the link http://www.licindia.in/GJF_home.htm. Once online application is submitted, the candidate will get acknowledgement at the email ID provided by him/her 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 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.