LIC Golden Jubilee Scholarship
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.
7. 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.
THE LAST DATE FOR ONLINE APPLICATION IS 23.09.2014
For more
details: http://www.licindia.in/GJF_scholarship.htm
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