LIC Scholarship Scheme: LIC Golden Jubilee Scholarship Offers Lifeline to Underprivileged Students

Types of Scholarships Available:

• General Scholarship: Open to both boys and girls in recognized colleges or universities post 10th or 12th grade.
  • Eligibility: Students must have passed their previous examination with at least 60% marks and come from a family with an annual income not exceeding INR 2.5 lakh (with exceptions up to INR 4 lakh in special cases like single-parent households).
  • Amount:
    • MBBS, BDS, BAMS, BHMS: INR 40,000 per annum
    • BE, B.Tech, B.Arch: INR 30,000 per annum
    • Other bachelor’s degrees or integrated courses: INR 20,000 per annum
    • Diploma or ITI courses: INR 20,000 per annum
• Special Scholarship for Girls: Specifically for female students to promote education among girls.
  • Eligibility: Must have passed 10th grade with at least 60% marks in the academic year 2022-2024 and enrolled in intermediate, ITI, or diploma courses.
  • Amount: INR 15,000 per annum for two years.

• Applications are only accepted online via the LIC’s official website at www.licindia.in. Applicants must consent to the use of their personal details (like PAN and e-Aadhar) for processing their application.

• Selection is merit-based, focusing on marks in 10th or 12th grade. Preference is given to students applying after 12th grade for the general scholarship.

• Each of LIC’s 112 divisional offices will select 30 students. This includes 20 for the General Scholarship (10 boys and 10 girls) and 10 for the Special Scholarship for Girls. If there are vacancies, they can be filled by candidates of the opposite gender.

• The scholarship covers undergraduate courses only, not postgraduate programs.
• If a student receives another scholarship, they are not eligible for LIC’s scholarship, except in the case of government scholarships.
• Students must maintain a minimum of 55% marks in medical/engineering courses or 50% in other courses to continue receiving the scholarship.