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Good News: LIC Golden Jubilee Scholarship Scheme (2020)
LIC Golden Jubilee Foundation released the official notification of LIC Golden Jubilee Scholarship Scheme 2020 for All Eligible candidates. LIC Golden Jubilee Scholarship Scheme is a scholarship to Meritorious students belonging to economically weaker and poor families so as to provide them better opportunities for higher education and thus enhance their employability. All eligible candidates may apply online till 31/12/2020.
LIC Golden Jubilee Scholarship Scheme 2020 all Details
Name of the scholarship: LIC Golden Jubilee Scholarship Scheme 2020.
Name of authority: LIC Golden Jubilee Foundation.
Session: 2020-21
Application mode: Online
Last date: 31/122020
About LIC Golden Jubilee Foundation in LIC Golden Jubilee Scholarship Scheme 2020: Submit Your Online Application
Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group & investment corporation which owned by the Government of India. LIC Golden Jubilee Foundation was established on the 20/10/2006, as a part of LIC’s Corporate Social Responsibility. The Foundation has been registered with the Charity Commissioner of Mumbai and is also exempt under the Section 80G of Income Tax.
The objectives of LIC Golden Jubilee Foundation are – promoting education, health, relief of poverty or distress and advancement of other objects of general public utility. The Foundation has supported the projects ranging from construction of Hospitals, School buildings and classrooms, library, computer centre, Old age homes, Hostel buildings for children in tribal areas, Vocational training centres for differently abled persons to provide the infrastructural facilities to extremely needy persons in different pockets of the whole country.
Eligibility Criteria of LIC Golden Jubilee Scholarship Scheme 2020 :
For Regular Scholar:
All candidates who have cleared Class xii exam or its equivalent with at least 60% marks (or equivalent grade) in the Academic Year 2019-20 and whose parents/guardian have an annual income (from all sources) not exceeding Rs.2,00,000/- per annum, are eligible to apply for this 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 or Diploma Course in any field or other equivalent courses, Vocational Courses through Government recognized Colleges /Institutes or courses in Industrial Training Institutes (ITI).
All candidates who have cleared Class X exam or its equivalent with at least 60% marks (or equivalent grade) in the Academic Year 2019-20 and whose parents/guardian have an annual income (from all sources) not exceeding Rs.2,00,000/- per annum. The grant is provided to students who are interested and willing to pursue higher education in the field of Vocational Courses through Government recognized colleges/ institutions or courses in Industrial Training Institutes (ITI).
Special Girl Child Scholar:
To encourage higher education to girl child, Special scholarship for Girl Child after 10th class for pursuing higher studies in 10 + 2 pattern for two years. The candidate who have passed Class X exam or its equivalent with at least 60% marks (or equivalent grade) in the Academic Year 2019-20 and whose parents/guardian have an annual income (from all sources) not exceeding Rs.2,00,000/- per annum. The grant is provided to girl students who are interested and willing to pursue higher education in 10 + 2 pattern.
The Regular scholarship should strictly be provided only to students who are going for under-graduation or its equivalent. This scholarship is not meant for post-graduation or it’s equivalent studies.
Other essential conditions of LIC Golden Jubilee Scholarship in LIC Golden Jubilee Scholarship Scheme 2020: Submit Your Online Application
(i) Scholarship shall be awarded only to the students who have secured not at least 60% marks or equivalent grade in the previous final examination and the annual income of whose parents/guardians does not exceed Rs.2,00,000/- per annum any way.
(ii) Selection of the 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 his/her family. Eligible Students having 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 or Science or Commerce or equivalent grade in the previous final examination of the course for which scholarship is awarded, failing which the scholarship will be discontinued immediately.
(iv) Note that, 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 the 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 kind of terms and conditions of the scholarship, the scholarship may be suspended or cancelled immediately.
(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 scholarship paid shall be recovered, at the discretion of concerned Divisional Administration of LIC.
(ix) LIC Golden Jubilee Foundation will lay down the detailed procedure for processing & sanctioning of the scholarships for all eligible students.
(x) The scheme shall be evaluated at regular intervals by LICGJF.
(xi)The regulations may be changed at any time at the discretion of the Board of Trustees of LICGJF.
Rate of LIC Golden Jubilee Scholarship 2020 in LIC Golden Jubilee Scholarship Scheme 2020: Submit Your Online Application
Regular Scholar: An amount of Rs.20,000/- per annum will be awarded for the selected Regular Scholar and shall be payable in total three installments.
Special Girl Child Scholar: An amount of Rs.10,000/ per annum will be awarded to the selected Special Girl Child pursuing studies in 10 + 2 Course and scholarship shall be payable in total three installments.
Mode of the Payment: The Scholarship amount will be transferred directly to the Bank Account of the selected scholar through NEFT. Therefore in case the candidate is selected for scholarship, the complete Bank Account details and IFSC code and copy of cancelled cheque with the name of beneficiary is compulsory.
Here, How to apply for LIC Golden Jubilee Scholarship in LIC Golden Jubilee Scholarship Scheme 2020: Submit Your Online Application
Online applications are to be submitted only through the link on the home page. Once the online application is successfully submitted, the candidate will get an acknowledgement slip at the email ID provided by him in his online application. Further correspondence will be made by the only Divisional Office which is already mentioned in the acknowledgement mail. The candidate should ensure to submit his correct email id and correct contact number for communication at a later, if required. Note:- Bank Account details and IFSC code are not compulsory at this stage.
Important Dates of LIC Golden Jubilee Scholarship in LIC Golden Jubilee Scholarship Scheme 2020: Submit Your Online Application
Starting date of online application: 01/12/2020
Last date of online application: 31/12/2020
Important Links of LIC Golden Jubilee Scholarship in LIC Golden Jubilee Scholarship Scheme 2020: Submit Your Online Application
For Online Application: Click Here .
All Instructions to Candidates: Click Here .
For Notification: Click Here .
Go To Official Website: Click Here .