LIC INDIA : GOLDEN JUBILEE SCHOLARSHIP’ FOR STUDENTS

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https://www.licindia .com/GJF_ scholarship. htm

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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 sections of society so as to provide them
better opportunities for higher education increase their rate of attainment
in higher education and 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 Year 2009 *and
are interested to pursue higher education in the field of �
a) Engineering
b) Medicine
c) Arts/Science/ Commerce
d) Diploma Cources in any field and
e) Any Vocational course which leads to immediate employment and where
minimum education qualification stipulated is plus 2

Scholarship will be awarded to the students who have secured not less than
60% marks or equivalent grade in the Class 12 or its equivalent final
examination and the annual income of whose parents/guardian from all sources
does not exceed Rs60,000/ per annum.

*4. DURATION*

Scholarship shall be provided for the entire course.

*5. RATE OF SCHOLARSHIP*

Rs.10,000/- per annum, Rs.1000/ payable monthly for ten months directly
into the bank account of the Beneficiary.

*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/guardian from all sources does not exceed
Rs.60,000/ per annum. Students having the lowest family income shall be
given preference in the ascending order.

(ii) The scholarship shall be discontinued if a student fails to secure 50%
in B.A./B.COM. and 55% marks in other streams or equivalent grade, in the
previous final examination of the course for which scholarship is awarded.
Scholarship shall not be awarded for more than the normal period of time
taken to obtain certificate/ degree.

(iii) Scholarship shall not be given to more than one student in a family.

(iv) The students should be regular in attendance for which the yardstick
shall be decided by the competent authority of the
school/college/ university.

(v) 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 such as land held by
revenue department in the name of parents.

(vi) If a student violates any other term and condition of the scholarship,
the scholarship may be suspended or cancelled.

(vii) If a student is found to have obtained a scholarship by false
statement/certifica tes, 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.

(viii) LIC Golden Jubilee Foundation will lay down the detailed procedure
for processing and sanctioning of scholarships to eligible students.

(ix) Scholarship shall be credited to the student’s bank account maintained
at the place of study. Efforts shall be made for transferring it
electronically through the banks.

(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. RENEWAL OF SCHOLARSHIP*

The scholarship, once awarded, may be renewed during the next academic year
of the course on the production of certificate that the student has secured
50% in B.A./B.COM. and 55% marks in other streams or equivalent grade in the
examination.