Hello Sir/Madam, I would like to confirm: Are Diploma/Polytechnic students eligible to apply for the LIC Golden Jubilee Foundation Scholarship? If selected, will the scholarship amount be credited directly to the student's bank account,or first be transferred to the college and then distribut me ???

Yes, diploma students can be eligible, depending on the specific year's LIC Golden Jubilee Scholarship notification and whether the course/institution satisfies the scheme conditions. LIC's published scholarship rules have included Diploma courses among eligible higher-education programmes. The scheme has also required conditions such as minimum academic performance and family-income limits.

Most importantly for your second question:

The scholarship amount is transferred to the selected student's bank account through NEFT, rather than simply being transferred to the college first. LIC specifically states that the selected scholar must provide an active bank account and IFSC details. LIC's current Golden Jubilee Foundation page also confirms that scholarship applications are processed through the relevant LIC Divisional Offices. So:

Diploma/Polytechnic → potentially eligible

Scholarship → subject to that year's eligibility

Payment → student's bank account through NEFT