The Life Insurance Corporation of India (LIC) introduced the Golden Jubilee Scholarship Scheme in its commitment to promoting higher education among underprivileged students. Established to mark LIC’s 50 years of service, the scheme aims to uplift meritorious students from economically weaker sections by offering financial aid for their academic journey. It is particularly beneficial for those pursuing higher education in technical, vocational, or general courses.
In India, the dropout rate among students from lower-income families remains significantly high, primarily due to financial constraints. The LIC Golden Jubilee Scholarship addresses this critical issue by enabling deserving students to continue their education without the burden of tuition fees and other expenses. This scholarship serves as a stepping stone for students to achieve academic excellence and secure better employment opportunities.
The scheme is not limited to general scholarships; it has a special provision for girl children to promote gender equality in education. By focusing on girls’ education, LIC reinforces the importance of empowering young women and reducing the educational gap prevalent in rural and economically backward regions.
LIC Golden Jubilee Scholarship
| Scheme Authority | Life Insurance Corporation of India (LIC) |
| Scholarship Name | LIC Golden Jubilee Scholarship Scheme 2024 |
| Annual Scholarship Amount | ₹15,000 to ₹40,000 |
| Last Date to Apply | December 22, 2024 |
| Mode of Application | Online |
| Official Website | licindia.in |
Objectives of the Scholarship
The LIC Golden Jubilee Scholarship Scheme has the following objectives:
- Financial Support: To assist students who face economic challenges in pursuing higher education.
- Promoting Technical and Vocational Training: To encourage students to enroll in technical and vocational programs, enhancing their employability.
- Empowerment of Girl Students: A special provision is made for girl children to ensure their educational aspirations are supported.
- Encouragement for Meritorious Students: The scheme aims to reward diligence and academic excellence, especially among economically disadvantaged families.
Scholarship Amount and Distribution
The LIC Golden Jubilee Scholarship offers financial aid based on the field of study and is released in installments. Below is the detailed breakdown:
| Course | Annual Scholarship Amount | Installments | Amount Per Installment |
| Medical Field | ₹40,000 | 3 | ₹12,000, ₹12,000, ₹16,000 |
| Engineering/Technical Courses | ₹30,000 | 3 | ₹9,000, ₹9,000, ₹12,000 |
| General Graduation/Higher Secondary | ₹20,000 | 3 | ₹6,000, ₹6,000, ₹8,000 |
The scholarship amount is transferred directly to the applicant’s bank account through NEFT. Students are required to maintain consistent academic performance to continue receiving the scholarship.
Eligibility Criteria
To avail of the LIC Golden Jubilee Scholarship, candidates must meet the following eligibility conditions:
- General Scholarship:
- Students must have passed Class 10 or 12 with at least 60% marks.
- Annual family income should not exceed ₹2,50,000.
- The scholarship is open to students pursuing higher studies in medical, engineering, diploma, graduation, or similar programs.
- Special Girl Child Scholarship:
- Only applicable to girl students pursuing vocational or diploma courses after Class 10.
- A minimum score of 60% is required in Class 10.
- The annual family income limit is ₹2,50,000 (or up to ₹4,00,000 if a woman is the sole provider).
- Other Conditions:
- Students must ensure they maintain 60% marks in annual examinations to remain eligible.
- The scholarship applies to both government and private institutions recognized under national councils like NCVT.
Payment and Renewal Process
The scholarship amount is disbursed in two or three installments, depending on the course. The process includes:
- Payment through NEFT to the student’s verified bank account.
- Students must submit proof of academic progress each year.
- Any academic underperformance, false claims, or violation of terms can lead to cancellation or recovery of funds.
Steps to Apply for the LIC Golden Jubilee Scholarship
Candidates can apply online by following these simple steps:
- Go to the LIC official website: https://licindia.in/.
- Navigate to the scholarship section and open the Golden Jubilee Scholarship application form.
- Enter all required details: personal, academic, and financial information.
- Attach the following documents:
- Aadhaar Card
- Educational Certificates (Class 10/12 mark sheets)
- Income Certificate
- Bank Account Passbook
- Passport-sized Photograph
- Verify all entries for accuracy.
- Accept the declaration and submit the application form.
- Take a printout or save the application confirmation for future reference.
Required Documents Checklist
Here is a concise list of documents required for applying:
- Class 10/12 mark sheets
- Income certificate
- Aadhaar card
- Bank passbook (with IFSC details)
- Recent passport-size photograph
- Proof of enrollment in the respective course
Important Dates for LIC Golden Jubilee Scholarship 2024
| Event | Date |
| Application Start Date | Ongoing |
| Last Date to Apply | December 22, 2024 |
| Scholarship Disbursement | After selection process |
The LIC Golden Jubilee Scholarship Scheme serves as a beacon of hope for economically disadvantaged but ambitious students across India. By providing financial assistance, it ensures that deserving students can overcome economic barriers and achieve their educational dreams. The scheme’s special focus on girl children and vocational training also underlines LIC’s broader commitment to educational inclusivity and empowerment.
Students aspiring to benefit from this initiative must ensure timely application, maintain academic performance, and fulfill all eligibility criteria to secure this scholarship for a promising future.