LIC Golden Jubilee Scholarship Scheme 2014 announced

INTRODUCTION

LIC Golden Jubilee Scholarship Scheme 2014 announced LIC Golden Jubilee Scholarship Scheme 2014 has been announced for meritorious students belonging to economically weaker families for pursuing higher studies LIC Golden Jubilee Foundation: is pleased to announce scholarships on All India basis (20 Scholarships per Divisional Centre of LIC: 10 each for boys and girls) 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 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

COURSE AND ELIGIBILITY

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 Rs 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 Duration: Scholarship shall be provided for the entire duration of the course subject to the candidate fulfilling the requisite eligibility conditions for renewal

CAREER PROSPECTS

Rate of Scholarship: An amount of Rs 10,000/- per annum will be awarded to the selected candidate which is payable in ten monthly installments of Rs 1000/- 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 Selection: 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 Scholarship shall not be given to more than one student in a family The students should be regular in attendance for which the yardstick shall be decided by 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 terms and conditions 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 shall 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 shall 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

PAY PACKAGE

How to Apply One can apply to LIC Golden Jubilee Scholarship through online from the link on the Home page of LIC website www.licindia.in 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 Bank Account details and MICR number are not compulsory at this stage Further details of the Scheme and Online application log on www.licindia.in or contact nearest LIC Branch or Divisional Office Last date for submitting online application is 23rd September 2014
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