LIC Golden Jubilee Scholarship 2022: Get complete info and apply now

LIC Golden Jubilee Scholarship: The Life Insurance Corporation of India (LIC) has announced a scholarship scheme for students belonging to Economically Weaker Sections. LIC is doing so with the objective to provide better opportunities for higher education and employment to eligible candidates.

The LIC Golden Jubilee Scholarship is open to students of both government and private colleges/ universities. This scheme will also cover technical and vocational courses in Industrial Training Institutes/ Industrial Training Centres affiliated with the National Council for Vocational Training (NCVT) and also Integrated Courses after Class 12th.

Also read: DHE Scholarship 2022: Last Date extended, Eligibility, Benefits, Get complete info

 

Who can apply?

(i) For Regular Scholar (Class 12th passed):

• The scholarship shall be awarded to the students who have secured not less than 60% marks or equivalent grades in Class 12th (or its equivalent – Regular/ Vocational/ Diploma course) in the academic year 2021-22.
• The annual income of parents/ guardians of the candidate should not exceed Rs. 2,50,000/- per annum.
• The candidate should be interested in pursuing higher education in the field of Medicine, Engineering, Graduation in any discipline, Integrated Courses, Diploma Course in any field, or other equivalent courses. Vocational Courses from government-recognized institutes or courses in Industrial Training Institutes (ITIs) will also be considered.
• This scholarship is not meant for students, who are doing post-graduation.

(ii) For Regular Scholar (Class 10th passed):

• The scholarship shall be awarded to the students who have secured a minimum of 60% marks or equivalent grades in Class 10th in the academic year 2021-22.
• The annual income of parents/ guardians of the candidate should not exceed Rs. 2,50,000/- per annum.
• The LIC Golden Jubilee scholarship will be provided to students who are pursuing higher education in the field of Vocational/ Diploma Courses through Government recognized colleges/ institutions or courses in Industrial Training Institutes (ITI).

(iii) For Special Girl Child Scholar:

• With an aim to encourage education for the girl child, LIC is providing a Special Scholarship for the Girl Child after class 10 for pursuing higher studies in Intermediate/ 10+2 pattern/ Vocational or Diploma Courses through Government recognized institutions or courses in ITIs for two years.
• The scholarship shall be awarded to the students who have secured a minimum of 60% marks or equivalent grades in Class 10th in the academic year 2021-22.
• The annual income of parents/ guardians of the candidate should not exceed Rs. 2,50,000/- per annum.

Benefits of the Scholarship

• An amount of Rs. 20,000 per annum will be awarded to the selected Regular Scholar and shall be payable in three installments.
• An amount of Rs. 10,000 per annum will be awarded to the selected Special Girl Child and the scholarship shall be payable in three installments.
• The LIC Golden Jubilee scholarship shall be provided for the entire duration of the course for Regular Scholars and two years for Special Girl scholars.

How to apply for LIC Golden Jubilee Scholarship?

• Visit the official website of LIC, i.e. licindia.in
• Click on the highlighted link given below the menu bar to apply for the scholarship scheme
• Enter all your details, that includes your personal info, Education Qualification, Bank Account details, etc.
• Once entered, tick the declarations given and submit your form for LIC Golden Jubilee Scholarship
• Lastly, keep an eye on your mobile number and email inbox as all further communications regarding the scholarship scheme will be done through them

Selection Procedure

• Selection of students for the LIC Golden Jubilee Scholarship will be done on the basis of merit and family background such as percentage of marks in class 12th/ 10th and annual income of the family.
• In case of a tie in the percentage of marks, students whose parents is having the lowest income shall be given preference.
• Out of the shortlisted candidates, 20 students will be selected under Regular Scholarship Scheme and 10 under the Girl Child Scholarship Scheme depending upon merit and eligibility by the Divisional Office for the grant of scholarships.

Important Dates

EVENTS	DATES
Scheme closing date	26th November 2022
Defective Application Verification closing date	18th December 2022

Conditions Applicable

• Certain relaxations in the 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.
• Candidates who gain lateral entry in the 2nd Year of Engineering Degree courses or take regular admission in the 1st Year of Engineering Degree courses after completing the Diploma shall be eligible for LIC Golden Jubilee Scholarship, provided they have passed the Diploma with 60% in the immediately preceding academic year.
• If a student changes his/her stream or course after getting selected for the scholarship, the duration of the scholarship may be reduced. And the new duration will be finalized depending on the duration of the previous and new courses, whichever is less.
• Candidates who are pursuing courses under any stream through Correspondence or Part Time (Evening or Night Classes)/ private candidates shall not be eligible for a Scholarship.
• 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 the LIC Golden Jubilee scholarship is awarded, failing which the scholarship will be discontinued.
• Candidates selected under the category ‘Special Girl Child’ should secure 50% marks in Class 11th to become eligible for renewal of the scholarship.
• The LIC Golden Jubilee Scholarship will not be given to more than one student in a family.

For more Scholarship updates, click here.