Thursday, 5 December 2019

LIC Golden Jubilee Scholarship Provided to Meritorious Students belonging to Economically weaker Families

LIC Golden Jubilee Scholarship Scheme Provided to Meritorious Students belonging to Economically weaker Families
LIC Golden Jubilee Foundation was established on 2006 October and registered with Charity Commissioner under Bombay Public Trust Act 1950 with the objective of Promoting Education, Health, Relief of Poverty or Distress and Advancement of other objects of General Public Utility.

LIC Golden Jubilee Scholarship Scheme Provided to Meritorious Students belonging to Economically weaker Families /2019/12/LIC-Golden-Jubilee-Scholarship-Scheme-to-Meritorious-Students-belonging-to-Economically-weaker-Families.html


The objective of LIC Golden Jubilee Scholarship scheme is to provide financial support to meritorious students belonging to economically weaker families for pursuing higher 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.
Eligibility
Students who have passed Class XII exam or its equivalent and are interested to pursue higher education in the field of
1) Medicine, Engineering, Graduation, in any discipline, Diploma Course in any field or other equivalent courses.
2) Vocational Courses through Government recognized Colleges/Institutes or courses in Industrial Training Institutes (ITI). are eligible to apply for the LIC Golden Jubilee Scholarship scheme.
For category 1 - Candidates who have passed Class XII exam or equivalent with at least 60% marks or equivalent grade in the previous final examination and annual income of whose parents/guardian from all sources does not exceed Rs. 1,00,000/ per annum.
For category 2 - The basic educational qualification is relaxed to Class X or equivalent with at least 60% marks subject to income ceiling of parents/guardians.
Students having the lowest family income shall be given preference in the ascending order. 
Scholarship Rate
1) An amount of Rs.20,000/- per annum will be awarded to the selected Regular Scholar and shall be payable in three Quarterly instalments.
2) An amount of Rs.10,000/ per annum will be awarded for selected Special Girl Child pursuing studies in the 10 + 2 Course and scholarship shall be payable in three quarterly instalments. 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 and copy of cancelled cheque with name of beneficiary is compulsory.
INSTRUCTIONS TO CANDIDATES WHO ARE SUBMITTING ONLINE APPLICATION FOR GOLDEN JUBILEE SCHOLARSHIP SCHEME-2020
1. Only online applications are accepted. Hence please do not send hard copies of online applications as it is not required.
2. Students who have passed Class Xth examination with 60% marks in Academic year 2019-20 are eligible for the Regular scholarship scheme only if they are pursuing vocational courses through Government recognized colleges/Institutions or courses through ITI. Further details regarding marks etc are given under Golden Jubilee Scholarship scheme.
3. Students who have passed Class XIIth examination with 60% marks in Academic year 2019-20 are eligible for the Regular Scholarship only if they are pursuing 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). Further details regarding marks etc are given under Golden Jubilee Scholarship scheme.
4. For the special Girl Child scholarship scheme, students should have passed Class Xth examination with 60% marks in Academic year 2019-20 and interested to pursue higher
education in Intermediate /10 + 2 pattern.
5. Students, who have passed their exams under CBSE or any other Board having Grading System, should enter the percentage equivalent to the grades allotted by the Board
while filling up the relevant columns in the application.
6. Bank details are not mandatory at this stage. However in case you are submitting the bank details kindly ensure that they are accurate and your Account is active. Please confirm account number details where Zero is wrongly entered as Alphabet “O”.
7. Once online application is submitted, the candidate will receive an acknowledgement at his/her E-mail Id.
8. Mobile Number of the candidate is compulsory.
9. After the last date, the applications received will be processed by the respective Divisions. In case the candidate is shortlisted, further communication regarding submission of application form and documents etc will be sent to the E-Mail Id given by the candidate. Hence you are requested to ensure that correct address and E-Mail id etc are 
given by you before submitting the form.
10. In case you are eligible and are not successful in submitting your online application and are getting a message "We are unable to process. Please contact the LIC office", kindly clear the cache memory and try again.
11. Kindly check whether you have filled up all the information correctly before clicking on the submit button 
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.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.
MODE OF APPLYING
ONLY ONLINE APPLICATIONS ARE TO BE SUBMITTED THROUGH THE LINK ON THE HOME PAGE. 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.
Last Date for Online Application is 31.12.2020
Contact Details
LIC Golden Jubilee Foundation
‘Yogakshema’, Nariman Point, Mumbai – 21.
Fax No.022-22884103
Email: Contact Now
W ebsite : www.licindia.in
For queries related to Golden Jubilee Scholarship Scheme kindly contact the nearest LIC Office.
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Instructions to Candidates
Official Website
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