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Apply for LIC Golden Jubilee Scholarship

Mathrubhumi Online Desk  |  5th September 2013

Kochi, September 5, 2013: Life Insurance Corporation of India has invited applications 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 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.

Scholarships are available for pursuing courses such as 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 (ITI). 20 scholarships will be given at each divisional level, with 10 each to the boys and girls.

For Medicine, Engineering, Graduation in any discipline, Diploma Course in any field or other equivalent courses, applicant should have passed Class XII exam or its equivalent in the academic year 2012-13 with at least 60% marks or equivalent grade. The 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), applicant should have passed Class X or equivalent with at least 60% marks in the Academic year 2012-13. The 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.

An amount of Rs.10,000/- per annum will be awarded to the selected candidate which is 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 an applicant is selected for the scholarship, the Bank Account details of the applicant and IFSC code of the branch have to be provided to LIC.

Selection of LIC Scholar will be on the basis of merit such as percentage of marks in class 12th/10th and family background, including annual income of the family. Eligible Students having the lowest income shall be given preference in the ascending order. Scholarship shall not be given to more than one student in a family. 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.

If a student violates any of the terms and conditions of the scholarship, the scholarship may be suspended or cancelled. 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 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.The students should be regular in attendance for which the yardstick shall be decided by the competent authority of the school/college/university.

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.

Applications are to be submitted online at http://www.licindia.in/GJF_home.htm latest by 23rd September, 2013. Once online application is submitted, the candidate will get acknowledgement at the email ID provided by him in his/her online application. Further correspondence will be made by the Divisional Office which will be 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.

For more details, students may visit www.licindia.in/GJF_scholarship.htm or the nearest LIC Branch Office or Divisional Office.

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