The Life Insurance Corporation of India (LIC) introduced the LIC Golden Jubilee Scholarship to offer financial assistance to diligent students from economically disadvantaged backgrounds. The scholarship is designed to support students who are pursuing technical, vocational, or higher academic courses, with the primary aim of encouraging higher education.
Through this initiative, LIC demonstrates its commitment to creating educational opportunities and fostering a brighter future for deserving students across India. The Golden Jubilee Scholarship program reflects the corporation’s dedication to empowering students and helping them achieve their educational goals.
LIC Golden Jubilee Scholarship Scheme
Students enrolled in integrated degree programs, technical courses, and vocational training at Industrial Training Institutes (ITIs) connected to the National Council for Vocational Training (NCVT) are eligible for the LIC Golden Jubilee Scholarship.
A special provision for girl children is also included in the scholarship, providing money to support young women’s education. Students enrolled in both government and private schools are eligible for this program. The LIC scholarship ranges from ₹15,000 to ₹40,000 annually, depending on the course of study, and is deposited directly to the student’s bank account via NEFT.
LIC Scholarship 2024-25 Overview
| Organization | Life Insurance Corporation of India |
| Scholarship Name | Golden Jubilee Scholarship 2024 |
| Amount | ₹15,000 to ₹40,000 |
| Last | December 22, 2024 |
| Mode | Online Application |
| Category | Latest News |
| Official Website | https://licindia.in/ |
LIC Scholarship Amount Details
In order to qualify for the LIC Golden Jubilee Scholarship, students must have passed their Class 10 or 12 exams during the 2021–2024 school year. Applicants may be in their first year of medical, engineering, diploma, or graduation programs.
| Course | Annual Scholarship Amount | Installments | Amount Per Installment |
|---|---|---|---|
| Medical Field | ₹40,000 | 3 | ₹12,000, ₹12,000, ₹16,000 |
| Engineering/Technical | ₹30,000 | 3 | ₹9,000, ₹9,000, ₹12,000 |
| General Graduation (Honors) or Higher Secondary | ₹20,000 | 3 | ₹6,000, ₹6,000, ₹8,000 |
Eligibility Criteria for LIC Golden Jubilee Scholarship
Candidates must fulfil certain eligibility requirements in order to be eligible for the LIC Golden Jubilee Scholarship. Candidates for the general scholarship must have earned at least 60% on their Class 10 or 12 exams and come from households making no more than ₹2,50,000 per year.
Female applicants who are enrolled in vocational or diploma programs following Class 10 are eligible for the special girl child scholarship, as long as they fulfil the minimum required score of 60%. In most situations, the annual income limit is ₹2,50,000; however, for families in which a woman is the only provider, it can reach ₹4,00,000.
LIC Scholarship Payment Process
- Through NEFT, the scholarship money is transferred directly to the chosen applicant’s bank account.
- In order to provide quickly funding for tuition and other educational expenses, the distribution procedure takes place in two installments per academic year.
- However, according to their institutions, students must maintain a minimum of 60% in their yearly exams.
- Any false claims, violations of terms, or academic underperformance can lead to the cancellation of the scholarship and recovery of distributed funds.
How to Apply for LIC Golden Jubilee Scholarship
Applications for the 2024 academic year must be submitted by December 22, 2024. Therefore, the candidate can apply for the LIC Golden Jubilee Scholarship right away by following the instructions below:-
- Step 1: Students need to go to the scholarship section of LIC’s official website https://licindia.in/.
- Step 2: They must now provide their financial, academic, and personal information on the LIC Golden Jubilee scholarship application form.
- Step 3: Students need to attach documents such as an Aadhaar card, educational certificates, and a bank account passbook in the Golden Jubilee scholarship application form.
- Step 4: Students should check their entries, accept the declaration, and submit the LIC scholarship form after finishing the application.
FAQs
What is the eligibility for the LIC Golden Jubilee Scholarship?
Students must have scored at least 60% in Class 10 or 12 exams and come from families with an annual income below ₹2,50,000.
How much scholarship does the LIC Golden Jubilee Scholarship provide?
The scholarship ranges from ₹15,000 to ₹40,000 annually, depending on the course of study.
How can students apply for the LIC Golden Jubilee Scholarship?
Students can apply by filling out the application form on LIC’s official website before December 22, 2024, and submitting the required documents.
Aarti, with 3 years of experience, specializes in writing content on government yojanas, finance, and current news. She creates informative articles that engage readers and simplify complex topics for better understanding.
As I have received lic s achieve ment through past year s (since many years) m very delighted
ಈಗಾಗಲೇ ಅರ್ಜಿ ಸಲ್ಲಿಸಿಧೆ. ಮುಂಧಿನ. ಮಾಹಿತಿ. ತಿಳಿಸಿ
I want to know more information about this.
What is the income range for sc st students