LIC Golden Jublee Scholarship's 2016 for Student

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 families so as to provide them better opportunities for higher education
and thus 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 the Academic Year 2014-15 and are
interested to pursue higher education in the field of

i)Medicine, Engineering,
Graduation in any discipline, Diploma Course in any field or other equivalent
courses.

ii) Vocational Courses
through Government recognized Colleges/Institutes or courses in Industrial
Training Institutes (ITI).

For i) above Candidates who
have passed Class XII exam or equivalent in the Academic year 2014-15 with at
least 60% marks or equivalent grade and annual income of whose parents/guardian
from all sources does not exceed ` 1,00,000/- per annum.

For ii) above The basic
educational qualification is relaxed to Class X or equivalent with at least 60%
marks in the Academic year 2014-15 subject to income ceiling of
parents/guardians.

4. DURATION

Scholarship shall be
provided for the entire duration of the course subject to the candidate
fulfilling the requisite eligibility conditions for renewal.

5. RATE OF SCHOLARSHIP

An amount of `10,000/- per
annum will be awarded to the selected candidate which is payable in ten monthly
installments of ` 1,000/- each. The Scholarship amount will be transferred to
Bank Account of the selected scholar through NEFT. Therefore in case the
candidate is selected for scholarship, the Bank Account details and IFSC code
are compulsory.

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/guardians from all sources does not exceed `1,00,000/- per annum.

(ii)  Selection of 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 the family. Eligible Students having the 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/Science/Commerce or equivalent grade in the previous final
examination of the course for which scholarship is awarded, failing which the
scholarship will be discontinued.

(iv)  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 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 terms and conditions of the scholarship, the scholarship may be suspended
or cancelled.

(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 the scholarship paid shall be recovered,
at the discretion of the concerned Divisional Administration of LIC.|

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

(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. MODE OF APPLYING

ONLY ONLINE APPLICATIONS ARE
TO BE SUBMITTED THROUGH THE LINK ON THE HOME PAGE. Once online application is
submitted, the candidate will get acknowledgement at the email ID provided by
him in his online application. Further correspondence will be made by the
Divisional Office which is mentioned in the acknowledgement mail. The candidate
should ensure to submit his correct email id and contact number for
communication at a later date, if required. Bank Account details and IFSC code
are not compulsory at this stage.

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