LIC Jubilee Scholarship for Higher Studies
August 28, 2012: Applications can be submitted online till 31st August, 2012 at www.licindia.in/GJF_scholarship.htm for the ‘LIC Golden Jubilee Scholarship’ being offered by Life Insurance Corporation of India, with the objective of recognizing meritorious students belonging to economically weaker families so as to provide them better opportunities for higher education and thus enhance their employability.
The scholarship is 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.
Scholarship shall be awarded to the students who have secured not less than 60% marks or equivalent grade in the previous final examination and in whose case, the annual income of parents/guardians from all sources does not exceed Rs.1,00,000/-.
Applicant should have passed Class XII examination or its equivalent in the academic year 2011-12 and should be pursuing higher studies in the field of Medicine, Engineering, Graduation in any discipline, Diploma Course in any field or other equivalent courses OR Applicant should have passed Class X or equivalent with at least 60% marks in the Academic year 2011-12 and should be pursuing Vocational Courses through Government recognized Colleges/Institutes or courses in Industrial Training Institutes (ITI).
The Scholarship will carry an amount of Rs. 10,000/- per annum, payable in ten monthly installments of Rs.1,000/- each. The Scholarship amount will be transferred to the Bank Account of the selected scholar through NEFT. So if a candidate is selected for scholarship, the Bank Account details and IFSC code are to be provided. Scholarship will be provided for the entire duration of the course subject to the candidate fulfilling the requisite eligibility conditions for renewal.
Selection of LIC Scholar will be on the basis of merit and family background such as percentage of marks in 12th/10th and annual income of the family. Eligible Students having the lowest income will be given preference in the ascending order. Only one student in a family is eligible for the Scholarship.
The scholar 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. He/She should be regular in attendance as per the stipulations of the competent authority of the School/College/University.
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. If a student violates any term and condition 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 will 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 will 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.
Applications can be submitted only online through the link www.licindia.in/GJF_scholarship.htm in the home page of LIC. Bank Account details and IFSC code are not compulsory at this stage. Once online application is submitted, the applicant will get an acknowledgement at the email ID provided in the online application. Further correspondence will be made by the Divisional Office which is mentioned in the acknowledgement mail. The last date for online submission of application is 31.08.2012.
For details, visit www.licindia.in/GJF_scholarship.htm