The Life Insurance Corporation of India (LIC) has announced the Golden Jubilee Scholarship Scheme 2024 to provide financial assistance to students from economically weaker sections. This initiative aims to support deserving candidates in pursuing higher education, building brighter careers, and securing better employment opportunities. Interested students must submit their applications before the deadline, which is December 22, 2024.
The scholarship offers two main categories:
- General Scholarship
- Special Scholarship for Girl Child
Let’s dive deeper into the details of the scheme, including eligibility criteria, scholarship benefits, and the application process.
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Who is Eligible for the LIC Golden Jubilee Scholarship?
General Scholarship Eligibility:
- Academic Qualification: Students must have scored a minimum of 60% marks in Class 10, Class 12, or equivalent courses in the academic years 2021-22, 2022-23, or 2023-24.
- Family Income: The applicant’s family income should not exceed ₹2,50,000 annually.
- Course of Study: Eligible courses include medical (MBBS, BAMS, BHMS, BDS), engineering (BE, BTech, BArch), graduation programs, integrated courses, vocational diplomas, and technical training from government-recognized institutes.
- Institution: Applicants must be enrolled in government or private universities or Industrial Training Institutes (ITIs) affiliated with the National Council for Vocational Training (NCVT).
Special Scholarship for Girl Child Eligibility:
- Academic Qualification: Female candidates must have scored at least 60% in their Class 10 exams.
- Family Income: The family income should not exceed ₹2,50,000 per year. However, in special cases where the female candidate is the sole breadwinner (e.g., single mother, widow), the income limit can be relaxed up to ₹4,00,000 annually.
- Course of Study: The scholarship applies to female students pursuing intermediate (10+2), vocational diplomas, or equivalent programs for up to two years.
- Institution: Students must be enrolled in government-recognized colleges, institutions, or ITIs.
Scholarship Benefits: How Much Financial Assistance Will You Receive?
1. General Scholarship
The financial assistance under the General Scholarship scheme is divided into categories based on the type of course:
| Field of Study | Scholarship Amount | Installments |
|---|---|---|
| Medicine (MBBS, BAMS, BHMS, BDS) | ₹40,000 per year | 2 installments of ₹20,000 each |
| Engineering (BE, BTech, BArch) | ₹30,000 per year | 2 installments of ₹15,000 each |
| Higher Education & Vocational Courses | ₹20,000 per year | 2 installments of ₹10,000 each |
- This financial support will continue for the entire course duration, provided the student meets all eligibility requirements and maintains satisfactory academic performance.
2. Special Scholarship for Girl Child
Under this category, eligible female students will receive:
- An annual scholarship of ₹15,000, disbursed in two installments of ₹7,500 each.
- The scholarship will cover two years of higher studies, such as intermediate, vocational, or diploma programs.
How to Apply for the LIC Golden Jubilee Scholarship Scheme 2024?
Follow these steps to successfully submit your application for the scholarship:
- Visit the Official Website: Head to the LIC’s official portal at www.licindia.in.
- Access the Application Link: Find the scholarship section on the homepage and click on the link for the Golden Jubilee Scholarship Scheme 2024.
- Fill Out the Application Form: Enter your details accurately, including personal information, academic scores, income details, and course information.
- Submit Required Documents: Upload necessary documents, such as:
- Mark sheets of Class 10, 12, or equivalent qualifications.
- Income certificate or proof of annual family income.
- Admission proof to the course or institution.
- Submit the Form: Once completed, submit the application form. An acknowledgment email will be sent to your registered email address.
Ensure your email ID and contact number are correct to receive updates and further communication from LIC.
Why Apply for LIC’s Golden Jubilee Scholarship?
The Golden Jubilee Scholarship Scheme offers a significant opportunity for underprivileged students to fulfill their academic aspirations without financial constraints. By covering a range of educational programs, from medicine and engineering to vocational courses, the scholarship empowers deserving candidates to:
- Access higher education
- Enhance their skill sets
- Secure better job opportunities
For girl students, the Special Scholarship encourages them to pursue education beyond Class 10, bridging gender gaps in education and employment.
Key Points to Remember:
- Application Deadline: December 22, 2024
- Scholarship Categories: General Scholarship and Special Scholarship for Girl Child
- Family Income Limit: ₹2,50,000 (relaxed to ₹4,00,000 in special cases for girls)
- Eligibility: Minimum 60% marks in qualifying exams
Frequently Asked Questions (FAQs)
Who can apply for the LIC Golden Jubilee Scholarship 2024?
Students who have scored at least 60% in Class 10 or Class 12 and come from families with an annual income of ₹2.5 lakh or below are eligible. Female students can also apply under the Special Scholarship category.
How can I apply for the scholarship?
You can apply online through LIC’s official website: www.licindia.in.
When is the last date to apply?
The last date to submit applications is December 22, 2024.
Is there any relaxation for female candidates?
Yes, the family income limit is relaxed to ₹4,00,000 for girls who are the sole breadwinners in their families.
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