LIC GOLDEN JUBILEE SCHOLARSHIP SCHEME – 2023 FOR STUDENTSBELONGING TO THE ECONOMICALLY WEAKER SECTIONS,

Golden Jubilee Scholarship Scheme- 2023

LIC GOLDEN JUBILEE SCHOLARSHIP SCHEME – 2023 FOR STUDENTS

BELONGING TO THE ECONOMICALLY WEAKER SECTIONS, FOR PURSUING

HIGHER STUDIES.

1. OBJECTIVE

The objective of the scheme is to award scholarships to meritorious students

belonging to Economically Weaker Sections, so as to provide them with better

opportunities for higher education and employment.

2. SCOPE

The scholarship is to be awarded for students studying in India in a Government

or Private college/university. It shall also cover technical and vocational courses

in Industrial Training Institutes/ Industrial Training Centres affiliated with the

National Council for Vocational Training (NCVT) and also Integrated Courses

after XII Std. Scholarships shall be of two types; General Scholarship and Special

Scholarship for Girl Child.

3. ELIGIBILITY

General Scholarship

a) All candidates who have passed Class XII exam (or its equivalent –

Regular/Vocational) / Diploma with at least 60% marks (or equivalent

grade) in the Academic Year 2022-23 and whose parents/guardian have

an annual income (from all sources) not exceeding Rs.2,50,000 per

annum* (please refer clause 6 (i) – for relaxation) are eligible to apply for

scholarship. The scholarship is provided to students who are interested

(and willing) to pursue higher education in the field of Medicine,

Engineering, Graduation in any discipline, Integrated Courses, Diploma

Course in any field or other equivalent courses, Vocational Courses

through Government recognized Colleges /Institutes or courses in

Industrial Training Institutes (ITIs).

b) All candidates who have passed Class X exam (or its equivalent) with at

least 60% marks (or equivalent grade) in the Academic Year 2022-23 and

whose parents/guardian have an annual income (from all sources) not

exceeding Rs.2,50,000 per annum. (Please refer clause 6 (i) – for

relaxation) are eligible to apply for scholarship The scholarship is provided

to students who are pursuing higher education in the field of Vocational /

Diploma Courses through Government recognized colleges/ institutions or

courses in Industrial Training Institutes (ITI).

Special Scholarship for Girl Child

c) To encourage education to girl child, Special scholarship for Girl Child

after class 10 for pursuing higher studies in Intermediate/10 + 2 pattern/

Vocational or Diploma Courses through Government recognized colleges/

institutions or courses in Industrial Training Institutes (ITI) for two years.

Candidates who have passed Class X exam (or its equivalent) with at least

60% marks (or equivalent grade) in the Academic Year 2022-23 and whose

parents/guardian have an annual income (from all sources) not exceeding

Rs. 2,50,000 per annum. (please refer clause 6 (i) – for relaxation) are

eligible to apply for scholarship.

The Scholarships shall be provided only to students who are going for under-

graduation or its equivalent including Integrated Courses only. This scholarship

is not meant for post-graduation studies.

4. DURATION

Scholarship shall be provided for the entire duration of the course under General

Scholarships and for two years under Special Girl Scholar, subject to the

candidate fulfilling requisite eligibility conditions for renewal.

5. RATE OF SCHOLARSHIP

General Scholarship

a) An amount of Rs.40,000/- per annum, will be awarded to the selected Scholar

who pursues higher education in the field of Medicine and shall be payable every

year in three instalments (Rs.12000/-, Rs.12000/- & Rs.16000/-) during the

duration of the course, subject to eligibility.

b) An amount of Rs.30,000/- per annum, will be awarded to the selected Scholar

who pursues higher education in the field of Engineering and shall be payable

every year in three instalments (Rs.9000/-, Rs.9000/- & Rs.12000/-) during the

duration of the course, subject to eligibility.

c) An amount of Rs.20,000/- per annum will be awarded to the selected Scholars

who pursues education in the field of Graduation in any discipline, Integrated

Courses, Diploma Course in any field or other equivalent courses, Vocational

Courses through Government recognized Colleges /Institutes or courses in

Industrial Training Institutes (ITIs) and shall be payable every year in three

instalments (Rs.6000/-, Rs.6000/- & Rs.8000/-) during the duration of the

course, subject to eligibility.

Special Scholarship for Girl Child

c) An amount of Rs. 15,000/- per annum will be awarded to selected Girl Child

for Special Scholarship after class 10th for pursuing higher studies in

Intermediate/10 + 2 pattern/ Vocational or Diploma Courses through

Government recognized colleges/ institutions or courses in Industrial Training

Institutes (ITI) for two years and shall be payable in three instalments (Rs.4500/-

, Rs.4500/- & Rs.6000/-) every year during the duration of the course, subject to

eligibility.

The above rates of Scholarship are applicable for new entrants only from the

scholarship year 2023. Students who are already receiving scholarship from

LIC GJF from the previous years shall continue to draw scholarships at the

same rate fixed at the time of their selection till the completion of their

course.

The Scholarship amount will be transferred to Bank Account of the selected

scholar through NEFT. In case the candidate is selected for scholarship, the

Bank Account details and IFSC code and copy of cancelled cheque with name of

beneficiary is compulsory. In case of merged banks, the new IFSC Code of the

Bank should be mentioned. The Bank Account to which the amount to be

transferred has to be active and in case it is dormant, the same should be

activated before the details are provided. Maximum balance allowed under the

bank account should also be checked.

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

Rs.2,50,000/- per annum.

Relaxations in upper limit of annual income criteria from the present Rs.2.5

lakhs to Rs.4 lakhs shall be granted only in cases where a woman

(widow/single mother/unmarried) is the sole bread earner of the family.

(ii) Selection of LIC GJF Scholar will be on the basis of merit such as percentage

of marks in class 12th /10th and family background, annual income of the

family. Final Selection of candidates shall be done on merit, based on the list of

candidates eligible for selection in the descending order of percentage of marks

obtained.

(iii) In case of tie in the percentage of marks, students whose parent is having

the lowest income shall be given preference.

(iv) If a candidate is already a recipient of Scholarship from any other Trust /

Institution, then such candidate shall not be considered for LIC GJF Scholarship

payment. However, this will not apply to candidates receiving SC/ST Student

Scholarships from the Government (State or Central) at the time of selection or

receive scholarship after getting selected for Golden Jubilee Scholarship Scheme.

(v) Candidates who gain lateral entry in 2nd Year Engineering Degree courses or

take regular admission in the 1st Year of Engineering Degree courses after

completing Diploma shall be eligible for GJF Scholarship provided they have passed

Diploma with 60% in the immediate preceding academic year.

(vi) Candidates who change their stream after getting selected for Scholarship and

the course duration is greater than the stream for which the student is selected,

such students will continue to receive scholarship only for the duration for which

they were originally selected. However, if candidate switches to a stream with lesser

duration, then scholarship will be payable for the duration of the stream with

lesser duration.

(vii) Candidates who are pursuing courses under any stream through

Correspondence or Part Time (Evening or Night Classes) and/or through Open

Universities shall not be eligible for Scholarship.

viii) Candidates who are pursuing Chartered Accountant (C.A) /CS/ICWA or similar self study courses are also not eligible for Scholarship.

(ix) Candidates desirous of pursuing Diploma course in any stream after Class X

will be allowed Scholarship under ‘Special Girl Scholar’ or ‘Regular Scholar’

category.

(x) Candidates passing Class XII (vocational) and pursuing studies in any stream

as laid down under the Scholarship Scheme 2023 will be considered for

scholarship.

(xi) For continuation of General scholarship under Medical and Engineering

stream, the candidate must secure atleast 55% marks or equivalent grade in the

previous annual examination of the course for which scholarship is awarded,

failing which the scholarship will be discontinued. The candidate shall also clear

every mid-term semester with pass in all subjects.

xii) For continuation of General Scholarship under Graduation

(Ars/Science/Commerce) and other courses, the candidate must secure at least

50% marks or equivalent grade in the previous annual examination of the course

for which scholarship is awarded, failing which the scholarship will be

discontinued. The candidate shall also clear every mid-term semester with pass

in all subjects.

(xiii) Candidates selected for Special Scholarship for Girl Child’ should secure

50% marks in 11thstd to become eligible for renewal scholarship.

(xiv) As a rule Scholarship will be given only to one student in a family.

However, two students from the same family can be considered for scholarship

provided the second candidate is a girl child.

(xv) The students should be regular in attendance for which the yardstick shall

be decided by the competent authority of the school/college/university.

(xvi) Income certificate should be on self-certification basis by way of an affidavit

on non-judicial stamp paper, duly notarised, 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.

(xvii) If a student violates any terms and conditions of the scholarship, the

scholarship may be suspended or cancelled.

(xviii) 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.

(xix) Out of the thirty (30) students to be shortlisted, twenty (20) students will be

selected under General Scholarship (10 Boys & 10 Girls) and ten girls (10) under

Special Scholarship for Girl Child depending upon merit and eligibility by the

Divisional Office for grant of scholarships.

7. Declaration by candidates

The candidate has to give an irrevocable authorisation to LIC Golden Jubilee

Foundation to use the data which includes PAN and Aadhar Card Number

submitted by him/her for evaluation of his/her application.

8. MODE OF APPLYING

ONLY ONLINE APPLICATIONS ARE TO BE SUBMITTED THROUGH THE LINK ONTHE HOME PAGE at https://licindia.in.

 Once online application is submitted, the candidate will get acknowledgement

on the email ID provided by him in the online application. Further

correspondence will be made by the Divisional Office of LIC 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. For

further details, candidates may refer to the document “Instructions to candidates

for online submission of application for LIC GJF Scholarship Scheme-2023.

Last date of submission of Online Application is: 14.01.2024

Student Welfare

Malati Vasantdada Patil Kanya Mahavidyalaya, Islampur 

Principal,

Malati Vasantdada Patil Kanya Mahavidyalaya, Islampur