LIC of India, the country’s largest Life Insurance Company, according to its Golden Jubilee Scholarship Scheme invites applications from students belonging to financially backward classes for Graduate Scholarships.
Students who have completed class 12 with at least 60% marks and having an annual parental income of less than
Rs.60000 Rs.1 lakh (wef 2011-12 academic year) can apply for this scholarship.
This applies to students who wish to pursue Graduation in Medicine, Engineering, other Degree’s/ Diploma’s or those students who are pursuing Vocational training for immediate Job opportunities (for scholarships during Vocational and Diploma programs, class 10 with 60% is the minimum eligibility).
Every LIC Division Branch will grant Scholarship to 5 Boys and 5 Girls (each main city/town has one division branch; LIC division branch is not the same as LIC branch; consider it as a head office in that division/city/town).
Amount of Scholarship
Shortlisted students will get Rs.10000 per annum at the rate of Rs.1000 per month for 10 months in a year. The scholarship will be available for the entire course of the graduation.
For example, if you are pursuing Engineering, your Scholarship will be renewed for the second year with same benefits on production of first year certificate indicating that you have secured at least 55% marks (50% for BA/B.Com Degree’s).
How to apply
Desirous students must approach any LIC of India Branch to fill out a registration form. Or, you can also apply online by visiting lic of India site. You should be careful with your email address and mobile since all further communications will be via those two sources. Eligible applications will be selected by LIC GJF members and will be informed to further provide their bank account information. Transfer of scholarship amount every month will happen via electronic transfer. Also, as said above, only 10 Scholarship’s will be provided for every LIC Division.
LIC of India releases the scholarship notification every year around September/October. Eligible and needy students can apply at that time.
If you belong to any minority segment, you may also look at MOMA scholarships provided by the Government of India.