LIC Golden Jubilee Scholarship Scheme 2022

LIC Golden Jubilee Foundation
Last Date: 18/12/2022

LIC Golden Jubilee Scholarship Scheme 2022: LIC Golden Jubilee Foundation has announced the official notification of LIC Golden Jubilee Scholarship Scheme 2022. 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. Interested and eligible candidates may apply online here. Candidate can visit the official website of LIC www.licindia.in for more information.

LIC Golden Jubilee Scholarship Scheme 2022

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LIC Golden Jubilee Scholarship Scheme 2022 – Overview

Name of ScholarshipLIC Golden Jubilee Scholarship Scheme 2022
Launched ByLIC Golden Jubilee Foundation
Academic Session2022-2023
Registration ProcessOnline
Scholarship Amount20,000 / 10,000 per annum
Apply Start Date26th November 2022
Apply Last Date18th December 2022
Official Websitewww.licindia.in

About LIC Golden Jubilee Foundation

Life Insurance Corporation of India aka LIC is an Indian state-owned insurance group and investment corporation owned by the Government of India. LIC Golden Jubilee Foundation was established on 20.10.2006 as a part of LIC’s Corporate Social Responsibility. The Foundation has been registered with the Charity Commissioner Mumbai and is also exempt under Section 80G of Income Tax.

The objectives of the LIC Golden Jubilee Foundation are promoting education, health, relief of poverty or distress and advancement of other objects of general public utility. The Foundation has supported projects ranging from construction of Hospitals, School buildings and classrooms, library, computer centre, Old age homes, Hostel buildings for children in tribal areas, Vocational training centres for differently abled persons to provide infrastructural facilities to needy persons in different pockets of the country.

Eligibility Criteria of LIC Golden Jubilee Scholarship

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 2021-2022 and whose parents/guardian have an annual income (from all sources) not exceeding Rs.2,50,000 per annum are eligible to apply for 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, 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 2021-2022 and whose parents/guardian have an annual income (from all sources) not exceeding Rs.2,50,000 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).

Special Girl Child Scholar:

To encourage education to 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 2021-22 and whose parents/guardian have an annual income (from all sources) not exceeding Rs.2,50,000 per annum. The grant is provided to girl students who are interested (and willing) to pursue higher education in 10 + 2 pattern.

Note: The Regular scholarship should strictly be provided only to students who are going for under-graduation (or its equivalent). This scholarship is not meant for post-graduation studies.

Other Conditions of LIC Golden Jubilee Scholarship

LIC Golden Jubilee Scholarship Scheme is subject to following conditions:

(i) 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.2,50,000/- per annum.

Relaxations in 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.

(ii) Selection of LIC Scholar will be on the basis of merit and family background such as percentage of marks in class 12th /10th and annual income of the family. Final Selection of candidates shall be done on merit based on the list of candidates eligible for selection in the descending order of marks obtained.

(iii) In case of tie in the percentage of marks, students whose parent is having lowest income shall be given preference.

(iv) Candidates who gain lateral entry in 2nd Year Engineering Degree courses or take regular admission in the 1 st Year of Engineering Degree courses after completing Diploma shall be eligible for GJF Scholarship provided they have passed Diploma with 60% in the immediate preceding academic year.

(v) Candidates who change their stream after getting selected for Scholarship and the course duration is greater than the stream for which the student is selected, such students will continue to receive scholarship only for the duration for which they were originally selected. However, if candidate switches to a stream with lesser duration, then scholarship will be payable for the duration of the stream with lesser duration.

(vi) Candidates who are pursuing courses under any stream through Correspondence or Part Time (Evening or Night Classes) / private candidates shall not be eligible for Scholarship.

(vii) Candidates desirous of pursuing Diploma course in any stream after Class X will be allowed Scholarship under ‘Special Girl Scholar’ or ‘Regular Scholar’ category.

(viii) Candidates passing Class XII (vocational) and pursuing studies in any stream as approved under the Scholarship Scheme 2022 will be considered for scholarship.

(ix) 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.

(x) Candidates selected under category ‘Special Girl Child’ should secure 50% marks in 11 th std to become eligible for renewal scholarship.

(xi) Scholarship will not be given to more than one student in a family.

(xii) The students should be regular in attendance for which the yardstick shall be decided by the competent authority of the school/college/university.

(xiii) 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.

(xiv) If a student violates any terms and conditions of the scholarship, the scholarship may be suspended or cancelled.

(xv) 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.

(xvi) Out of the shortlisted candidates, Twenty (20) students will be selected under Regular Scholarship Scheme and ten (10) under Girl Child Scholarship Scheme depending upon merit and eligibility by the Divisional Office for grant of scholarships.

Rate of LIC Golden Jubilee Scholarship

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

Special Girl Child Scholar: 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 installments.

Mode of Payment: 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.

How to Apply for LIC Golden Jubilee Scholarship ?

Interested and eligible candidates may apply online for these scholarship by visiting official LIC Golden Jubilee Scholarship Scheme Portal. Candidates may follow the steps given below to apply online.

=> Scroll down, go to Important Links section.

=> Click on the “Online Application” Link.

=> The official portal will be displayed in a new tab.

=> Fill your all personal and educational details.

=> Enter your bank account details.

=> Submit the application form.

Important Dates of LIC Golden Jubilee Scholarship

Apply Start Date26th November 2022
Apply Last Date18th December 2022

Important Links of LIC Golden Jubilee Scholarship

Online ApplicationClick Here
Official NotificationClick Here
Official Websitewww.licindia.in

FAQ for LIC Golden Jubilee Scholarship

  1. What is LIC Golden Jubilee Scholarship Scheme ?

    Ans: 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.

  2. What is the starting date to apply online for LIC Golden Jubilee Scholarship Scheme 2022?

    Ans: The starting date to apply online for LIC Golden Jubilee Scholarship Scheme is 26th November 2022.

  3. What is the last date to apply online for LIC Golden Jubilee Scholarship Scheme 2022?

    Ans: The last date to apply online for LIC Golden Jubilee Scholarship Scheme is 18th December 2022.

  4. What is the Scholarship amount for LIC Golden Jubilee Scholarship Scheme 2022?

    Ans: Regular Scholar: An amount of Rs.20,000/- per annum will be awarded to the selected Regular Scholar and shall be payable in three installments.
    Special Girl Child Scholar: 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 installments.

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