LIC Golden Jubilee Scholarship Scheme 2020: Application Form, Eligibility, Last Date & Other Benefits

LIC Golden Jubilee Scholarship Scheme. LIC Scholarship 2020 Application Form, Eligibility Criteria, Last Date, How to Apply, Scholarship Amount, Other Details and Benefits. Life Insurance Corporation of India Scholarship 2020-2021.

LIC Golden Jubilee Scholarship Scheme Overview

The LIC Golden Jubilee Foundation has released the official notification regarding the LIC Golden Jubilee Scholarship Scheme 2020.

The 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.

The interested and eligible candidates may apply online till 31-12-2020 (apply link given below)

Also Read: Central Sector Scheme of Scholarships for College and University Students

LIC Golden Jubilee Scholarship Scheme

Name of ScholarshipLIC Golden Jubilee Scholarship Scheme 2020
Awarding AuthorityLIC Golden Jubilee Foundation
Session2020-2021
Application ModeOnline
Last Date31-12-2020

Objective of LIC Golden Jubilee Scholarship Scheme

The objective of the scheme is to award scholarships to meritorious students belonging to Economically Weaker Section so as to provide them with better opportunities for higher education and thus enhance their employability.

Scope of LIC Golden Jubilee Scholarship Scheme

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) and also Integrated Courses after XII Std.

Eligibility Criteria for LIC Golden Jubilee Scholarship Scheme

For Regular Scholar

  • All candidates who have passed Class XII exam (or its equivalent) with at least 60% marks (or equivalent grade) in the Academic Year 2019-20 and whose parents/ guardian have an annual income (from all sources) not exceeding Rs.2,00,000 per annum are eligible to apply for the 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, Integrated Courses, Diploma Course in any field or other equivalent courses, Vocational Courses through Government recognized Colleges/ Institutes or courses in Industrial Training Institutes (ITIs).
  • All candidates who have passed Class X exam (or its equivalent) with at least 60% marks (or equivalent grade) in the Academic Year 2019-20 and whose parents/ guardian have an annual income (from all sources) not exceeding Rs. 2,00,000 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).

For Special Girl Child Scholar

  • To encourage education to the 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 2019-20 and whose parents/ guardian have an annual income (from all sources) not exceeding Rs. 2,00,000 per annum. The grant is provided to girl students who are interested (and willing) to pursue higher education in Intermediate/ 10+2 patterns.

Duration of LIC Golden Jubilee Scholarship Scheme

The scholarship shall be provided for the entire duration of the course for Regular Scholars and two years for Special Girl Scholar, subject to the candidate fulfilling the requisite eligibility conditions for renewal.

Scholarship Amount for LIC Golden Jubilee Scholarship Scheme

  • An amount of Rs. 20,000/- per annum will be awarded to the selected Regular Scholar and shall be payable in three instalments
  • 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 instalments.

Note: 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. In case of merged banks, the new IFSC Code of the Bank should be mentioned.

Other Conditions for Applying for LIC Scholarship

  • The 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. 2,00,000/- per annum.
  • Selection of LIC Scholar will be on the basis of merit and family background such as the 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 parent is having the lowest income shall be given preference.
  • 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.
  • Scholarship shall not be given to more than one student in a family.
  • The students should be regular in attendance for which the yardstick shall be decided by the competent authority of the school/ college/ university.
  • Income certificate should be on a self-certification basis by way of an affidavit on non-judicial stamp paper for self-employed parents and from the employer for employed parents supported by documents (from revenue department) such as land held in the name of parents.
  • If a student violates any 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 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.

How to Apply for LIC Golden Jubilee Scholarship Scheme

Only online applications are to be submitted through the link on the home page.

Once the 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.

Important Dates for LIC Scholarship

EventDate
Online Application Start Date01-12-2020
Last Date for Online Application31-12-2020

FAQs

  1. What is LIC Scholarship Scheme?

    Life Insurance Corporation of India (LIC) Scholarship Scheme is a scheme is to award scholarships to meritorious students belonging to Economically Weaker Section so as to provide them with better opportunities for higher education and thus enhance their employability.

  2. What is the Eligibility Criteria to apply for LIC Scholarship Scheme?

    Students who passed Class X or Class XII in the academic year 2019-2020 and whose parental income is less than Rs. 2,00,000 per annum are eligible to apply for the LIC Scholarship 2020-2021.

  3. What is the Last Date to Apply for LIC Scholarship 2020-2021?

    The last date to apply online for LIC Scholarship 2020-2021 is 31-December-2020.

  4. How to Apply for LIC Scholarship 2020?

    Only online applications are to be submitted through the link on the home page.

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