Life Insurance Corporation of India (LIC) has invited applications for the award of ‘LIC Golden Jubilee Scholarship’ for students belonging to the economically weaker families for pursuing higher studies.
The objective of the scheme is to award scholarships to meritorious students belonging to economically weaker families so as to provide them with 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.
Applicant should be interested to pursue higher education in the field of (i) Medicine, Engineering, Graduation in any discipline or Diploma Course in any field or other equivalent courses or (ii) Vocational Courses through Government recognized Colleges/Institutes or courses in Industrial Training Institutes (ITI).
For Medicine, Engineering, Graduation or Diploma Course applicant should have passed Class XII examination or equivalent in the Academic year 2013-14 with at least 60% marks.
For Vocational Courses, the basic educational qualification is Class X or equivalent with at least 60% marks in the Academic year 2013-14 subject to income ceiling of parents/guardians.
The annual income of parents/guardian from all sources should not exceed Rs.1,00,000/-.
Scholarship shall be provided for the entire duration of the course subject to the candidate fulfilling the requisite eligibility conditions for renewal.
An amount of Rs.10,000/- per annum will be awarded to the selected candidate which is payable in ten monthly instalments of Rs.1,000/- each. The Scholarship amount will be transferred to Bank Account of the selected scholar through NEFT. Those selected for scholarship should have a Bank Account.
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.
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.
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. The last date for online application is 23.09.2014.
For details, visit http://www.licindia.in/GJF_scholarship.htm
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