LIC Golden Jubilee Scholarship Scheme 2022 | Submit Online Application
Scholarship Scheme of LIC
LIC Golden Jubilee Foundation has released the official notification of LIC Golden Jubilee Scholarship Scheme 2022. LIC Golden Jubilee Scholarship Scheme is a scholarship to meritorious students belonging to economically weaker families so as to provide them better opportunities for higher education and thus enhance their employability. Interested and eligible candidates may apply online here till 18/12/2022.
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| LIC Golden Jubilee Scholarship Scheme |
LIC Golden Jubilee Scholarship Scheme 2022
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
About LIC Golden Jubilee Foundation 2022
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.
Eligibility Criteria of LIC Scholarship Scheme
Regular Scholar:
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).
Special Girl Child Scholar:
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.
Other Conditions of LIC Golden Jubilee Scholarship
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
Rate of LIC Golden Jubilee Scholarship 2022
Regular Scholar: An amount of Rs.20,000/- per annum will be awarded to the selected Regular Scholar and shall be payable in three installments.
Special Girl Child Scholar: 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 installments.
Mode of Payment: 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 and copy of cancelled cheque with name of beneficiary is compulsory.
How to apply LIC Golden Jubilee Scholarship
Only online applications are to be submitted through the link on the home page.
Once online application is submitted, the candidate will get acknowledgement at the email ID provided by him in his 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.
Imp Dates of LIC Golden Scholarship
- Starting date of online application: 26/11/2022
- Last date of online application: 18/12/2022
Web-Links of LIC Golden Jubilee Scholarship
Online Application: ClickHere
Other Scholarships: Click Here
Official Notification: ClickHere
Official Website: ClickHere