LIC Golden Jubilee Scholarship 2023-24 is an opportunity offered by the Life Insurance Corporation of India (an Indian state-owned insurance group and investment company), to provide financial support to meritorious students from economically weaker sections who wish to pursue higher studies. The selected candidates will receive up to ₹40,000 per annum.
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Eligibility To be eligible, an applicant must:-
General Scholarship:-
- have passed the Class 10 or 12 examination (or its equivalent: regular/vocational)/diploma in the academic year 2022-23
- have secured at least 60% marks (or equivalent grade)
- be pursuing higher education in the field of vocational/diploma courses in a government-recognised college/institution or course in Industrial Training Institutes (ITI)
- have an annual parent(s)/guardian(s) income of not more than ₹2,50,000 from all sources
Special Scholarship for Girl Child:-
- have passed Class 10 examination (or its equivalent) in the academic year 2022-23
- have secured with at least 60% marks (or equivalent grade)
- be pursuing higher studies in intermediate/(10+2) pattern/vocational or diploma courses in a government-recognised college/institution or course in Industrial Training Institutes (ITI) for two years
- have an annual parent(s)/guardian(s) income of not more than ₹2,50,000 from all sources
Note:-
- This scholarship is specifically for students pursuing their first degree, such as undergraduate programs or their equivalent (including integrated courses). It is not applicable for students continuing their education through postgraduate studies.
- An annual income limit relaxation from ₹2,50,000 to ₹4,00,000 will be given to families where a woman (widow, single mother, or unmarried) is the only financial provider. This means that families with a woman as the only earning member can qualify for the scholarship even if their income is slightly higher than the usual limit.
Benefits Under the general scholarship, students who are pursuing higher education in Medicine will receive an annual amount of ₹40,000. This amount is distributed throughout the academic year in three installments: ₹12,000, ₹2,000, and ₹16,000, during the duration of the course, subject to eligibility.
Those who are pursuing higher education in the field of Engineering will receive an annual amount of ₹30,000. This amount is distributed throughout the academic year in three installments: ₹9,000, ₹9,000, and ₹12,000, during the duration of the course, subject to eligibility.
Under the Special Girl Child Scholarship program, deserving female students will receive ₹15,000 per annum, disbursed in three installments: ₹4,500 twice and ₹6,000 once, for a total duration of two years. This assistance is available for courses pursued through government-recognised colleges, institutions, or Industrial Training Institutes (ITIs).
Note:- The scholarship amounts mentioned are only applicable to students newly awarded the LIC Golden Jubilee Scholarship in the year 2023 and beyond. Students who have received the scholarship before 2023 will continue to receive the same amount originally determined at the time of their selection until they complete their course.
Documents - Annual income certificate
- Caste certificate (if applicable)
- Birth certificate
- Bank account details
- Marksheet/certificates of Class 10,12
How can you apply? Eligible candidates can apply for the scholarship using the below-mentioned steps:-
Step 1: Click on the ‘Apply Now’ button.
Step 2: Click on the ‘Register’ button and fill in the required details to ‘Register’. (Note:– If already registered, log in using Gmail/Mobile number/Email ID.)
Step 3: Navigate to ‘Click Here To Apply Now’ and click on it.
Step 4: Fill in the required details, upload the documents (if required) tick the checkboxes, and submit.Note:- Once the online application is submitted, the candidate will receive an acknowledgment on the email ID provided in the online application.
