The objective of LIC Golden Jubilee Scholarship scheme is to provide financial support to meritorious students belonging to economically weaker families for pursuing higher 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.
LIC Golden Jubilee Foundation was established on 2006 October and registered with Charity Commissioner under Bombay Public Trust Act 1950 with the objective of promoting education, health, relief of poverty or distress and advancement of other objects of general public utility.
Eligibility
Students who have passed Class XII exam or its equivalent and are interested to pursue higher education in the field of
i) Medicine, Engineering, Graduation, in any discipline, Diploma Course in any field or other equivalent courses.
ii) Vocational Courses through Government recognized Colleges/Institutes or courses in Industrial Training Institutes (ITI).
are eligible to apply for the LIC Golden Jubilee Scholarship scheme.
For category (i) – Candidates who have passed Class XII exam or equivalent with at least 60% marks or equivalent grade in the previous final examination and annual income of whose parents/guardian from all sources does not exceed Rs. 1,00,000/ per annum.
For category (ii) – The basic educational qualification is relaxed to Class X or equivalent with at least 60% marks subject to income ceiling of parents/guardians.
Students having the lowest family income shall be given preference in the ascending order.
Scholarship Rate
The scholarship shall be provided for the entire course. Scholarship amount is Rs10,000/- per annum, 1000/ payable monthly for ten months by cheques to the beneficiary.
The scholarship, once awarded, may be renewed during the next academic year of the course on the production of certificate that the student has secured 50% in B.A./B.COM. and 55% marks in other streams or equivalent grade in the examination. The scholarship shall be discontinued if a student fails to secure 50% in B.A./B.COM. and 55% marks in other streams or equivalent grade, in the previous final examination of the course for which scholarship is awarded. Scholarship shall not be awarded for more than the normal period of time taken to obtain certificate/degree.
Application Procedure
One can apply to LIC Golden Jubilee Scholarship through online from the link on the Home page of LIC website www.licindia.in. 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. Bank Account details and MICR number are not compulsory at this stage.
Contact Details
LIC Golden Jubilee Foundation
‘Yogakshema’, Nariman Point, Mumbai – 21.
Fax No.022-22884103
For more details Please! Refer the Website: http://www.licindia.in/GJF_home.htm
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