Updated on Jul 30, 2013 - 10:15 a.m. IST by Team Careers360

Institution: Life Insurance Corporation of India (LIC)

Foundation: LIC Golden Jubilee Foundation

Scholarship: LIC Golden Jubilee Scholarship

Scope:  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.

Eligibility: Students who have passed Class XII exam or its equivalent in the Academic Year 2010-11 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).

For i) above: Candidates who have passed Class XII exam or equivalent in the Academic year 2010-11 with at least 60% marks or equivalent grade and annual income of whose parents/guardian from all sources does not exceed '' 60,000/ per annum.

For ii) above: The basic educational qualification is relaxed to Class X or equivalent with at least 60% marks in the Academic year 2011 subject to income ceiling of parents/guardians.

Duration: Scholarship shall be provided for the entire course.

Rate of Scholarship: 10,000/- per annum, '' 1000/ payable monthly for ten months  by cheques to the Beneficiary.

Conditions for Scholarship:

  • (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/guardian from all sources does not exceed Rs.60,000/ per annum. Students having the lowest family income shall be given preference in the ascending order.
  • (ii) 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.
  • (iii) Scholarship shall not be given to more than one student in a family.
  • (iv) The students should be regular in attendance for which the yardstick shall be decided by the competent authority of the school/college/university.
  • (v) 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 such as land held by revenue department in the name of parents.
  • (vi) If a student violates any other term and condition of the scholarship, the scholarship may be suspended or cancelled.
  • (vii) 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.
  • (viii) LIC Golden Jubilee Foundation will lay down the detailed procedure for processing and sanctioning of scholarships to eligible students.
  • (ix) The scheme shall be evaluated at regular intervals by the LICGJF.
  • (x) The regulations can be changed at any time at the discretion of the Board of Trustees of LICGJF

Renewal of Scholarship: 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.

How to apply: Only online applications are to be submitted through the link on the website. Pl. note that MICR number is not mandatory while submitting the online application form .
Click here to apply online

Last date for online application: August 8, 2011

Click here for more details

Website: www.licindia.in/GJF_scholarship.htm

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