The LIC Golden Jubilee Scholarship is a prestigious and impactful scholarship program that stands as a testament to the Life Insurance Corporation of India’s (LIC) commitment to education and societal betterment. Celebrating its golden jubilee anniversary, LIC introduced this scholarship initiative to commemorate its five decades of service to the nation and its unwavering dedication to empowering the youth through education.
Established with the aim of nurturing young talents and facilitating their access to quality education, the LIC Golden Jubilee Scholarship has become a beacon of hope for countless deserving students across India. It represents LIC’s vision to contribute to the nation’s progress by investing in the future generation.
This scholarship program is designed to provide financial assistance to meritorious students from economically disadvantaged backgrounds, enabling them to pursue higher studies without the burden of financial constraints. It recognizes the importance of education in transforming lives and creating a more equitable society.
Over the years, the LIC Golden Jubilee Scholarship has emerged as a symbol of empowerment, offering support to students pursuing various courses at the undergraduate and postgraduate levels. It covers a wide array of disciplines, including science, commerce, arts, and professional courses, ensuring that talented individuals from diverse academic backgrounds can benefit from this initiative.
The scholarship not only provides financial assistance but also fosters a sense of encouragement and motivation among students, inspiring them to excel academically and reach for their dreams. Through this program, LIC reaffirms its commitment to building a brighter and more prosperous future for the nation by empowering the youth with the means to realize their full potential.
About LIC Golden Jubilee Scholarship
The LIC Golden Jubilee Scholarship is a commendable initiative by the Life Insurance Corporation of India aimed at assisting individuals from economically disadvantaged backgrounds who face challenges in continuing their education. To apply for this valuable scholarship opportunity, one can easily access the official website of LIC and complete the application form provided there. Eligibility for this prestigious scholarship scheme requires the submission of essential documents along with the application form. This program is a vital resource for those seeking financial assistance to pursue their educational aspirations.
LIC Golden Jubilee Scholarship Announcement
The latest update from the relevant authority regarding the LIC Golden Jubilee Scholarship indicates that the online application submission process is now open. Interested applicants are encouraged to visit the official scholarship program website to submit their applications. It’s important to note that the application deadline for this program is set for December 18, 2022. This scholarship initiative offers financial support to individuals from economically disadvantaged backgrounds to pursue higher education. For more comprehensive details regarding the scholarship scheme, applicants are advised to refer to the official notification issued by the scholarship authority.
Details Of LIC Golden Jubilee Scholarship
| Name | LIC Golden Jubilee Scholarship 2023 |
| Launched by | Life Insurance Corporation of India |
| objectives | Providing scholarship |
| Beneficiaries | students of India |
| Last Date Of Application | 18th December 2022 |
| Official Site | LIC |
Objectives Of LIC Golden Jubilee Scholarship
This scheme aims to uplift students hailing from economically disadvantaged families, offering them improved prospects to initiate their careers and elevate their skillsets. By assisting the financially vulnerable segments of society, the scheme endeavors to facilitate their access to employment opportunities. Furthermore, it seeks to provide students with enhanced opportunities for higher education. The scholarship will extend its reach to encompass educational institutions and universities across India, benefiting high-achieving students across various academic disciplines. Additionally, it will encompass technical and vocational courses within Industrial Training Institutes/Industrial Training Centres affiliated with the National Council for Vocational Training, extending support to students pursuing studies at the undergraduate level.
LIC Golden Jubilee Scholarship Benefits
This scholarship is designed to cater to students enrolled in both government and private colleges and universities across India. Its primary objective is to alleviate the financial burden that often accompanies higher education, ensuring that students can pursue their career aspirations without causing undue strain on their families. Under this scheme, students will receive financial support amounting to Rs. 20,000 per month, disbursed in three installments. Notably, this scholarship places a special emphasis on promoting opportunities for female students and individuals with special needs, thus facilitating their career development prospects in India.
Eligibility Criteria
To be eligible for this scheme, applicants must adhere to the following criteria:
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Candidates must have successfully passed their Class X and Class XII examinations (or their equivalent) with a minimum of 60% marks or an equivalent grade during the Academic Year 2018-19.
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The annual income of the applicant’s parents or guardians, from all sources, should not exceed Rs. 2,00,000 per annum to qualify for the scholarship.
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Female students who have achieved a minimum of 60% marks (or equivalent grade) in their Class X exams (or their equivalent) are eligible.
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Providing accurate and truthful information is crucial, as any discrepancies may result in the cancellation of the scholarship.
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Only those contestants who intend to pursue further studies are eligible to apply for this scholarship.
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Applicants interested in pursuing diploma, ITI, undergraduate, or postgraduate studies in any discipline at private colleges are eligible to apply.
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The LIC Golden Jubilee Scholarship necessitates renewal.
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The LIC Golden Jubilee Scholarship Foundation reserves the right to modify the scheme at any time.
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It is important to note that the regular scholarship is exclusively intended for students pursuing undergraduate (or equivalent) studies and does not apply to postgraduate programs.
LIC Golden Jubilee Scholarship Rewards Details
Candidates applying for this esteemed scholarship can look forward to the following benefits:
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Regular Scholars selected for the program will receive an annual grant of Rs. 20,000, which will be disbursed in three quarterly installments.
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Special Girl Child scholars pursuing studies in the 10 + 2 Course will be awarded an annual scholarship of Rs. 10,000, also payable in three quarterly installments.
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The scholarship support will extend for the entire duration of the course for Regular Scholars, while Special Girl Scholars will receive it for a period of two years, contingent upon the candidates meeting the necessary eligibility criteria for renewal.
Selection Process for LIC Golden Jubilee Scholarship
The LIC Golden Jubilee Scholarship offers different levels of financial assistance to eligible students. The selection process for this scholarship program relies on both merit and family background factors, including the candidate’s percentage of marks in their 12th/10th-grade exams and their family’s annual income. Priority will be given to students with the lowest annual family income, following an ascending order arrangement.
Documents Required
When applying for this scheme, applicants are required to furnish the following essential documents:
- Aadhar Card
- Identity Card
- Educational Qualification Document
- Bank Account Passbook
- Passport-size Photograph
- Mobile Number
- Income Certificate
LIC Golden Jubilee Scholarship Application Procedure
To initiate the scholarship application process, follow these straightforward steps:
- Begin by visiting the LIC Golden Jubilee Scholarship website through the provided link.
- This will direct you to the homepage of the LIC organization on your screen.
Please proceed by clicking on the “LIC Golden Jubilee Scholarship Apply Online” option located on the homepage. This action will open the scholarship application form on your screen.
- Complete the application form by entering all the necessary details,
- including personal information and educational background.
- Ensure that you successfully submit the application form and upload all required documents.
- It’s essential to keep the acknowledgment number safe and secure as it will be sent to your registered email for reference.
LIC Golden Jubilee Scholarship Result
This scholarship program offers financial assistance to students, and the application process involves visiting the official scholarship website. The submission deadline for the scholarship was December 31, 2021, and currently, the applications are undergoing scrutiny. Once the scrutiny of applications is complete, the results will be officially announced by the scholarship authority. Applicants are encouraged to visit the scholarship program’s official website to access their results and obtain further details.
Quick Links
Important Points
- Before applying for the scholarship program, it is imperative for the applicant to verify their eligibility.
- Ensure that you possess a valid and active mobile number that will remain functional in the upcoming days throughout the application process.
- Prepare all the required documents in advance to facilitate a smooth application process.
- Avoid using mobile phones for the submission of the application form, as it’s advisable to use a laptop or desktop for this purpose.
- Having an active email ID is essential when applying for the scholarship.
- It’s advisable not to wait until the last date to apply for the scholarship, as early submission is recommended.
- Preferably, use a laptop or desktop for the submission of the application form to ensure accuracy and efficiency.
- Prior to final submission, meticulously review all the details in the application form for accuracy and completeness.
Terms And Conditions
Applicants must adhere to the following terms and conditions when applying for this scholarship:
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Selection of candidates is purely merit-based, considering their percentage of marks in class 10th and 12th, along with family background. Preference is given to students with the lowest annual family income, arranged in ascending order.
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To maintain the scholarship for the subsequent year, students must maintain a minimum of 50% in graduate courses for Science/Commerce/Arts and 55% in academic disciplines, or achieve a corresponding rank.
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Only one member per household is eligible to receive the scholarship.
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Regular attendance in classes is a prerequisite for scholarship continuation.
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Non-compliance with the terms and conditions may result in the revocation or cancellation of the scholarship.
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If an applicant is found to have obtained the scholarship through false statements or certificates, the scholarship will be immediately canceled, and the balance of the scholarship received may be recovered, as per the discretion of the LIC Divisional Administration.
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The LIC Golden Jubilee Foundation (LICGJF) will be responsible for developing a comprehensive system for the selection and approval of LIC scholarships for eligible students.
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The scheme will undergo periodic evaluation by LICGJF.
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The regulations are subject to change at any time, at the discretion of the LIC Golden Jubilee Foundation Board of Trustees.
Helpline Details
- Life Insurance Corporation of India – Corporate Office- Yogakshema Building, Jeevan Bima Marg, P.O. Box No – 19953, Mumbai – 400 021 IRDAI Reg No- 512
Frequently Asked Questions
What is the LIC Golden Jubilee Scholarship?
The LIC Golden Jubilee Scholarship is a financial assistance program initiated by the Life Insurance Corporation of India to support students from economically disadvantaged backgrounds in pursuing higher education.
Who is eligible to apply for this scholarship?
Eligibility criteria may include passing Class X and Class XII exams with a minimum percentage, family income limits, and other conditions. It’s essential to check the specific eligibility criteria for each year.
How can I apply for the LIC Golden Jubilee Scholarship?
You can apply for the scholarship by visiting the official LIC website, where you will find the application form and guidelines for submission.
What documents are required for the application?
Commonly required documents include Aadhar Card, Identity Card, educational qualification certificates, bank account passbook, passport-size photograph, mobile number, and income certificate. Be sure to check the current year’s requirements.
When is the application deadline for the scholarship?
The application deadline can vary from year to year. Applicants should check the official website for the most current information regarding deadlines.
What are the selection criteria for this scholarship?
Selection is primarily based on merit, including academic performance and family background. Students with lower annual family incomes are often given preference.
How much financial assistance does the scholarship provide?
The scholarship typically provides varying amounts of financial assistance, depending on the category of the applicant. Regular scholars may receive a different amount compared to special girl child scholars.
Can I renew the scholarship for the next academic year?
In many cases, the scholarship can be renewed for the next academic year, subject to meeting certain academic performance criteria.
What should I do if I have additional questions about the LIC Golden Jubilee Scholarship?
You can refer to the official scholarship website for more details and contact information for inquiries. Additionally, you can reach out to the LIC authorities through the provided channels for any specific queries.
Conclusion
In conclusion, the LIC Golden Jubilee Scholarship stands as a beacon of hope and opportunity for countless deserving students across India. Celebrating five decades of dedicated service, the Life Insurance Corporation of India has instituted this scholarship program to empower the youth and pave the way for a brighter, more equitable future.
This scholarship not only provides financial support but also nurtures the aspirations of students who come from economically weaker backgrounds. It symbolizes LIC’s unwavering commitment to education and societal betterment. The eligibility criteria, application process, and selection mechanism ensure that the most deserving candidates are given the opportunity to pursue higher education. By emphasizing both merit and economic need, the scholarship program recognizes the importance of leveling the playing field for talented individuals with limited financial resources.
