Scheme of LIC Jubilee Scholarship for Students belonging to the economically weaker families for pursuing higher studies:
LIC Golden Jubilee Foundation has issued a Scholarship Scheme
notification on 01-09-2014 for award scholarships to meritorious
students for this year. LIC Golden Jubilee Foundation invites online
applications from the eligible students. This scheme objective is to
award scholarships to 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 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.
SCHEME OF ‘LIC GOLDEN JUBILEE SCHOLARSHIP’
FOR STUDENTS BELONGING TO THE ECONOMICALLY WEAKER FAMILIES FOR
PURSUING HIGHER STUDIES.
1. OBJECTIVE
The objective of the scheme is
to award scholarships to meritorious students belonging to economically
weaker families so as to provide them better opportunities for higher
education and thus enhance their employability.
2. 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.
3. ELIGIBILITY
Students who have passed Class XII exam or its equivalent in the Academic Year 2013-14 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 2013-14 with at least 60% marks or equivalent grade and annual income of whose parents/guardian from all sources does not exceed ` 1,00,000/- 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 2013-14 subject to income ceiling of parents/guardians.
4. DURATION
Scholarship shall be provided for
the entire duration of the course subject to the candidate fulfilling
the requisite eligibility conditions for renewal.
5. RATE OF SCHOLARSHIP
An amount of `10,000/- per annum will be awarded to the
selected candidate which is payable in ten monthly installments of `
1,000/- each. 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 are compulsory.
6. 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/guardians from all
sources does not exceed `1,00,000/- per annum.
(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. Eligible Students having the lowest income shall
be given preference in the ascending order.
(iii) 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.
(iv) Scholarship shall not be given to more than one student in a family.
(v) The students should be
regular in attendance for which the yardstick shall be decided by the
competent authority of the school/college/university.
(vi) 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.
(vii) If a student violates any
terms and conditions of the scholarship, the scholarship may be
suspended or cancelled.
(viii) 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.|
(ix) LIC Golden Jubilee Foundation will lay down the detailed
procedure for processing and sanctioning of scholarships to eligible
students.
(x) The scheme shall be evaluated at regular intervals by the LICGJF.
(xi) The regulations can be
changed at any time at the discretion of the Board of Trustees of
LICGJF.
THE LAST DATE FOR ONLINE APPLICATION IS 23.09.2014
How to Apply?
Mode
of applying only online applications are to be submitted through the
given link. Once online application is submitted, the candidate will get
acknowledgement at the email ID provided by him in his online
application. Further correspondence will be made by the Divisional
Office which is mentioned in the acknowledgement mail. The candidate
should ensure to submit his correct email id and contact number for
communication at a later date, if required. Bank Account details and
IFSC code are not compulsory at this stage. At present our Divisional
Offices are processing the online applications received from the
candidates. The students will be contacted if they are shortlisted.
Official Notification: Click Here
LIC Golden Jubilee Scholarship Apply Online: Click here
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