LIC Golden Jubilee Scholarship Scheme 2022 | Submit Online Application

Name of scholarship: LIC Golden Jubilee Scholarship Scheme

Name of awarding authority: LIC Golden Jubilee Foundation

Academic session: 2022-2023

Mode of application: Online

Last date of submission of application: 18th December 2022

Official website: https://licindia.in

Life Insurance Corporation of India aka LIC is an Indian state-owned insurance group and investment corporation owned by the Government of India. LIC Golden Jubilee Foundation was established on 20.10.2006 as a part of LIC’s Corporate Social Responsibility. The Foundation has been registered with the Charity Commissioner Mumbai and is also exempt under Section 80G of Income Tax.

The objectives of the LIC Golden Jubilee Foundation are promoting education, health, relief of poverty or distress and advancement of other objects of general public utility. The Foundation has supported projects ranging from construction of Hospitals, School buildings and classrooms, library, computer centre, Old age homes, Hostel buildings for children in tribal areas, Vocational training centres for differently abled persons to provide infrastructural facilities to needy persons in different pockets of the country.

i) All candidates who have passed Class XII exam (or its equivalent) with at least 60% marks (or equivalent grade) in the Academic Year 2021-2022 and whose parents/guardian have an annual income (from all sources) not exceeding Rs.2,50,000 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).

ii) All candidates who have passed Class X exam (or its equivalent) with at least 60% marks (or equivalent grade) in the Academic Year 2021-2022 and whose parents/guardian have an annual income (from all sources) not exceeding Rs.2,50,000 per annum. The grant is provided to students who are interested (and willing) to pursue higher education in the field of Vocational Courses through Government recognized colleges/ institutions or courses in Industrial Training Institutes (ITI).

i) 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 2021-22 and whose parents/guardian have an annual income (from all sources) not exceeding Rs.2,50,000 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.

LIC Golden Jubilee Scholarship Scheme is subject to following conditions: 

 

(i) 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.2,50,000/- per annum.

 

Relaxations in upper limit of annual income criteria from the present Rs. 2.5 lakhs to Rs.4 lakhs shall be granted only in cases where a woman (widow/single mother/unmarried) is the sole bread earner of the family.

(ii) 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. Final Selection of candidates shall be done on merit based on the list of candidates eligible for selection in the descending order of marks obtained.

(iii) In case of tie in the percentage of marks, students whose parent is having lowest income shall be given preference.

(iv) Candidates who gain lateral entry in 2nd Year Engineering Degree courses or take regular admission in the 1 st Year of Engineering Degree courses after completing Diploma shall be eligible for GJF Scholarship provided they have passed Diploma with 60% in the immediate preceding academic year.

(v) Candidates who change their stream after getting selected for Scholarship and the course duration is greater than the stream for which the student is selected, such students will continue to receive scholarship only for the duration for which they were originally selected. However, if candidate switches to a stream with lesser duration, then scholarship will be payable for the duration of the stream with lesser duration.

(vi) Candidates who are pursuing courses under any stream through Correspondence or Part Time (Evening or Night Classes) / private candidates shall not be eligible for Scholarship.

(vii) Candidates desirous of pursuing Diploma course in any stream after Class X will be allowed Scholarship under ‘Special Girl Scholar’ or ‘Regular Scholar’ category.

(viii) Candidates passing Class XII (vocational) and pursuing studies in any stream as approved under the Scholarship Scheme 2022 will be considered for scholarship.

(ix) 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.

(x) Candidates selected under category ‘Special Girl Child’ should secure 50% marks in 11 th std to become eligible for renewal scholarship.

(xi) Scholarship will not be given to more than one student in a family.

(xii) The students should be regular in attendance for which the yardstick shall be decided by the competent authority of the school/college/university.

(xiii) 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.

(xiv) If a student violates any terms and conditions of the scholarship, the scholarship may be suspended or cancelled.

(xv) 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.

(xvi) Out of the shortlisted candidates, Twenty (20) students will be selected under Regular Scholarship Scheme and ten (10) under Girl Child Scholarship Scheme depending upon merit and eligibility by the Divisional Office for grant of scholarships