LIC GOLDEN JUBILEE SCHOLARSHIP
SCHEME - 2022 FOR STUDENTS BELONGING TO THE ECONOMICALLY WEAKER SECTION FOR
PURSUING HIGHER STUDIES.
1. OBJECTIVE
The scheme aims to award scholarships to meritorious students belonging to Economically Weaker Sections to provide them with better
opportunities for higher education and employment.
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) and also Integrated Courses
after XII Std.
3. ELIGIBILITY
For Regular Scholar
- All
candidates who have passed the Class XII exam (or its equivalent –
Regular/Vocational) / Diploma 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*
(please refer clause 6 (i) – relaxation) are eligible to apply for a 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, Integrated Courses, 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 the Class X exam (or its equivalent) with at least
60% marks (or equivalent grade) in the Academic Year 2021-22 and whose
parents/guardians have an annual income (from all sources) not exceeding
Rs.2,50,000 per annum. The grant is provided to students who are pursuing
higher education in the field of Vocational / Diploma Courses through
Government recognized colleges/ institutions or courses in Industrial
Training Institutes (ITI).
·
For Special Girl Child Scholar
•To encourage education to a girl child, Special scholarship for Girl Child after
class 10 for pursuing higher studies in Intermediate/10 + 2 pattern/ Vocational
or Diploma Courses through Government recognized colleges/ institutions or
courses in Industrial Training Institutes (ITI) for two years. Candidates who
have passed the Class X exam (or its equivalent) with at least 60% marks (or
equivalent grade) in the Academic Year 2021-22 and whose parents/guardians have
an annual income (from all sources) not exceeding Rs. 2,50,000 per annum.
Note: The Regular scholarship should strictly be provided only to
students who are going for under-graduation (or its equivalent including
Integrated Courses). This scholarship is not meant for post-graduation studies.
·
·
4. DURATION
The scholarship shall be provided for the entire duration of the course for Regular
Scholars and two years for Special Girl Scholars, subject to the candidate
fulfilling the requisite eligibility conditions for renewal.
5. RATE OF SCHOLARSHIP
1) An amount of Rs.20,000/- per annum will be awarded to the selected Regular
Scholar and shall be payable in three installments.
2) An amount of Rs.10,000/ per annum will be awarded to the selected Special Girl
Child and the scholarship shall be payable in three installments.
The Scholarship amount will be transferred to the Bank Account of the selected
scholar through NEFT. In case the candidate is selected for a scholarship, the
Bank Account details and IFSC code and a copy of the canceled cheque with the name of the beneficiary are compulsory. In the case of merged banks, the new IFSC Code of the
Bank should be mentioned. The Bank Account to which the amount is to be
transferred has to be active and in case it is dormant, the same should be
activated before the details are provided. The maximum balance allowed under the
bank account should also be checked.
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 Rs.2,50,000/- per annum.
·
Relaxations in the 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 family's sole bread earner.
·
(ii) Selection of LIC Scholar will be based on merit and family background such as percentage of marks in class 12th /10th and annual income of the family. The 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 a tie in the percentage of marks, students whose parents is having the lowest income shall be given preference.
(iv) Candidates who gain lateral entry in 2 nd Year Engineering Degree courses or take regular admission in the 1 st Year of Engineering Degree courses after completing the Diploma shall be eligible for GJF Scholarship provided they have passed the Diploma with 60% in the immediately preceding academic year.
(v) Candidates who change their stream after getting selected
for a Scholarship and the course duration is greater than the stream for which
the student is selected, such students will continue to receive scholarships
only for the duration for which they were originally selected. However, if the
candidate switches to a stream with a lesser duration, then the scholarship will
be payable for the duration of the stream with a 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 a
Scholarship.
(vii) Candidates
desirous of pursuing a Diploma course in any stream after Class X will be
allowed scholarships under the ‘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 the 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 the scholarship is awarded,
failing which the scholarship will be discontinued.
(x) Candidates
selected under the category ‘Special Girl Child’ should secure 50% marks in 11
pursuing higher education in std to become eligible for a 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 a self-certification basis by way of an affidavit on
non-judicial stamp paper for self-employed parents and from the employer for
employed parents supported by documents (from the 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 canceled.
(xv) If
a student is found to have obtained a scholarship by false
statement/certificates, his/her scholarship shall be canceled 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 the Girl Child Scholarship Scheme
depending upon merit and eligibility by the Divisional Office for grant of
scholarships
7. MODE OF APPLYING
ONLY ONLINE APPLICATIONS ARE TO BE SUBMITTED THROUGH THE LINK ON THE HOME PAGE
at www.licindia.in. Once
an online application is submitted, the candidate will get acknowledgment on
the email ID provided by him in the online application. Further correspondence
will be made by the Divisional Office which is mentioned in the acknowledgment
mail. The candidate should ensure to submit his correct email id and contact
number for communication at a later date if required. For further details,
candidates may refer to the document “Instructions to candidates for online
submission of application for GJF Scholarship Scheme 2022-23.”
The last
date for online application is 18.12.2022
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