The Life Insurance Corporation of India (LIC) has launched Golden Jubilee Scholarship Scheme 2024 for students from economically weaker sections, with an aim to provide them higher education and employment opportunities. Them last date for submission of application is December 22, 2024.

Students studying in a government or private university can apply for this LIC Golden Jubilee Scholarship Scheme 2024. The scholarship will also cover technical and vocational courses in industrial training institutes and industrial training centres affiliated with the National Council for Vocational Training (NCVT) and also integrated courses after 12th class.

The LIC Golden Jubilee Scholarship Scheme will be of two types – General Scholarship and Special Scholarship for Girl Child.

LIC Golden Jubilee Scholarship Scheme 2024 eligibility:

After Class 12th

Academic Requirement: Must have passed Class XII (or equivalent) with at least 60% marks or equivalent CGPA in the academic years 2021-22, 2022-23, or 2023-24.

Admission Requirement: Must be admitted in the academic year 2024-25 for a first-year degree course in fields like Medicine, Engineering, or any Graduation, Diploma, or Vocational Course through government-recognized institutions.

Income Limit: Parents’ or guardians’ annual income must not exceed Rs 2,50,000.

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After Class 10th

Academic Requirement: Must have passed Class X (or equivalent) with at least 60% marks or equivalent CGPA in the same academic years.

Admission Requirement: Must be admitted in the academic year 2024-25 for first-year Vocational or Diploma Courses through recognized institutions.

Income Limit: Same as above, with an annual income limit of Rs 2,50,000.

Special scholarship for girl child

Academic Requirement: Female candidates must have passed Class X (or equivalent) with at least 60% marks or equivalent CGPA in the specified academic years.

Admission Requirement: Must be admitted in the academic year 2024-25 for higher studies in the first year of Intermediate/10+2 pattern, Vocational, or Diploma Courses for two years through recognized institutions.

Income Limit: Parents’ or guardians’ annual income must not exceed Rs 2,50,000, with provisions for relaxation.

LIC Golden Jubilee Scholarship Scheme duration

The scholarship will 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.

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Amount of scholarship under General and Girl Child categories

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 (MBBS, BAMS, BHMS, BDS) and shall be payable every year in two instalments Rs 20000/- each 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 (BE, BTECH, BArch) and shall be payable every year in two instalments of Rs 15000/- each 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 two instalments of Rs 10000/- each during the duration of the course, subject to eligibility.

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Special scholarship for girl child

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 every year in two instalments of Rs 7500/- each during the duration of the course, subject to eligibility.

How to apply for LIC Golden Jubilee Scholarship Scheme 2024

Applicants can submit their applications through online mode only through the link on the home page at – https://licindia.in.

After submitting the online application, the candidate will receive an acknowledgement email at the email address provided in the application.