LIC Golden Jubilee Scholarship Scheme 2024: Key Details And How To Apply

The Life Insurance Corporation Of India has initiated a Golden Jubilee Scholarship Scheme in the year 2024 through which they aim to aid students belonging to socio-economically backward families to pursue their higher studies, The application for this scholarship will be filled out online from 8th Dec 2024 and the last date for submitting is 22nd December 2024.

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Who Can Apply?

This scholarship scheme is targeted at those students who have achieved good results and are from economically disadvantaged backgrounds. The government program is meant to reach out to deserving candidates facing financial constraints in pursuing higher studies. Students interested must satisfy the following criteria:

• One must have cleared the Class X/XII/Diploma or its equivalent/ overseas countries qualification, with a minimum of 60% and above, CGPA of 6 out of 10, in the years 2021-22 or 2022-23 or 2023-24.

• One must have applied for the first year of an undergraduate program during the year 2024-25.

• One must be a Recipient of such an economically weaker family.

Fields Of Study Covered

The scholarship allows the students to pursue a variety of subjects which encompasses equality in career and education advancement opportunities. It encompasses a broader scale of subjects from vocational courses to general schooling which has special consideration for females. The following are the areas of study that can be funded:

General Scholarships (For Boys and Girls):

• Bachelor in Medicine and Bachelor of Surgery (MBBS), Bachelor in Ayurvedic Medicine and Surgery (BAMS), Bachelor of Homeopathic Medicine and Surgery (BHMS), and Bachelor of Dental Surgery (BDS).

• Bachelor in Engineering (BE), Bachelor of Technology (BTech), or Bachelor of Architecture (BArch).

• Graduation, Diploma, or Combined Degree programs in any field.

• Indeed professional courses are offered through affiliated and government-recognised institutes or ITIs.

Special Scholarships for Girls:

• 11th and 12th grade of the 10+2 system.

• Two-year diploma courses post 10th grade.

Read More: NSP Scholarship Online Form

Scholarship Amount

As per their respective disciplines, students seeking this scholarship aid are financially supported for educational purposes. Depending on the course, the amount changes and is paid in parts for ease of administration. The amounts for the scholarships are as follows.

General Scholarships:

• Medicine: ₹40,000 per year (paid out in two parts of ₹20,000 each).

• Engineering: ₹30,000 per year (paid out in two parts of ₹15,000 each).

• Graduation, Diploma, Vocational Courses: ₹20,000 per year (paid out in two parts of ₹10,000 each).

Special Scholarship for Girls:

• Post class 10th degree pursuing scholarship worth ₹15,000 per annum (paid in two parts, one ₹7,500).

Read More: SSP Portal - Pre Matric & Post Matric Scholarship 2024 Status

How To Apply

Getting to apply for the LIC Golden Jubilee Scholarship Program 2024 is very easy. Students who meet the requirements can apply through their portal by providing the required documents. For self-explanatory reasons, they made the entire application procedure easy. This is how to apply:

Step 1: Visit the LIC website.

Step 2: On the site search for the Golden Jubilee Scholarship Scheme 2024.

Step 3: Start filling out your application form online and provide all necessary information required of you.

Step 4:Attach required documents like

• Educational certificates.

• Details of a bank account with a cancelled cheque.

• IFSC code of active bank account.

Step 5: Submit the application.

Step 6: Acknowledgement will be sent to your email, and further communication will be handled by the LIC Divisional Office mentioned in the email.

Important Points To Remember

While applying for the scholarship, it is essential to keep certain key points in mind to ensure a smooth process. Following these guidelines will help avoid delays or issues in receiving the scholarship benefits. Important points to remember include:

• The funds will be directly transferred to the NEFT provided by the scholar.

• There is a corrupt IFSC code provided to the bank accounts to be current and maintained.

• Make sure to provide valid and usable information – emails and cellphone numbers, that will be used.

Read More: Digital Gujarat Scholarship 2024

Conclusion

LIC Golden Jubilee Scholarship for Students is an invaluable opportunity inside LIC’s Image – of Mutual Assistance – promoting education, the benefits are catered to financially challenged students looking to further advance their studies. With monetary support for various courses, this government scheme enables the specified students to concentrate on their learning without any pressure or financial constraints.

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