The Life Insurance Corporation of India (LIC) has just come up with a remarkable scholarship program known as the LIC Golden Jubilee Scholarship, under which the Authorities aim to provide financial support as scholarships to all the students belonging to economically disadvantaged groups. This is a Merit Cum Means Scholarship program, which was launched by the Life Insurance Corporation (LIC) to provide financial support to all the students who are unable to pursue higher education without facing any financial troubles.
Under this scholarship, the Officials offer two types of scholarships: a General Scholarship & Special Scholarship for Girl Students. All those students who are eligible and interested in applying for these scholarships can now visit the Official Website and fill out the Application Form online.
Objective of the LIC Golden Jubilee Scholarship
The main objective behind this LIC Golden Jubilee Scholarship is to empower all the students from economically weaker backgrounds by providing them with financial help and support so that they can be able to pursue higher education without facing any financial constraints. This scholarship program will encourage students from financially weak households to pursue higher education in their fields and make a career in them. With the help of this scholarship initiative, the students don’t have to depend on anyone or be a burden on their families for their studies.
Short Details of LIC Golden Jubilee Scholarship
| Scholarship Name | Merit-cum-means; the tie-breaker is lower family income. |
| Sponsor | Life Insurance Corporation (LIC) of India. |
| Objective | Aid meritorious students from weaker financial backgrounds for higher education. |
| Eligibility | * General: 60% in Class 10/12/Diploma; annual family income under ₹4,50,000. * Special (Girls): 60% in Class 10; annual family income under ₹4,50,000. |
| Courses Covered | Medical, Engineering, general Graduation, Diploma, Vocational, and ITI courses. |
| Exclusions | Postgraduate, correspondence, and part-time courses. |
| Amount (Annual) | * Medical: ₹40,000. * Engineering: ₹30,000. * Other UG/Diploma: ₹20,000. * Special Girls’ Scholarship: ₹15,000 for two years. |
| Application | Online via the LIC website. |
| Deadline | September 22, 2025. |
| Selection | Merit-cum-means; tie-breaker is lower family income. |
| Renewal | Annual renewal based on academic performance. |
Eligibility Criteria
| Academic | Passed Class 10 or 12 or equivalent/Diploma with at least 60% marks in academic years 2022–23, 2023–24, or 2024–25. |
| Courses | Enrolled in the first year of a degree program (Medicine, Engineering, Graduation), Integrated Course, Diploma Course, or Vocational Course in a government-recognized institution. |
| Family Income | Annual family income must not exceed ₹4,50,000. Preference is given to those with an income below ₹2,50,000. |
| Ineligible Courses | Postgraduate studies, part-time/correspondence/open university courses, and self-study courses like CA or CS are not covered. |
| Other Scholarships | Cannot be a recipient of another non-government scholarship. |
Scholarship Amount
- Scholarship amount
- ₹40,000 for medical courses.
- ₹30,000 for engineering courses.
- ₹20,000 for other graduation/diploma courses.
- ₹15,000 annually for two years for the Special Scholarship for Girl Child (after Class 10).
Documents Required
- Income Certificate
- Income Proof
- Academic Records
- Admission Fee Receipt
- Caste Certificate
- Identity Proof
Benefits of LIC Golden Jubilee Scholarship
- Merit-based selection: The scholarship is awarded based on academic merit, encouraging students to achieve high grades.
- Tie-breaker for lowest income: If two students have the same marks, the one with the lower family income is selected, ensuring support for those most in need.
- Covers various courses: The scholarship is available for a wide range of higher education, including degree programs, diploma courses, and vocational training.
- Reliable and direct payments: The amount is paid in two annual installments directly into the student’s bank account via NEFT.
Selection Process
| Stage | Process |
|---|---|
| Application | Apply online via the LIC website. Application is assigned to a divisional office based on your address. |
| Shortlisting | Candidates are ranked based on academic marks and family income, with preference for lower-income applicants (below ₹2.5 lakh). |
| Tie-Breaker | If marks are equal, preference goes to the applicant with lower family income. In some cases, a financial assessment is done. |
| Verification | Shortlisted candidates are notified by email for in-person document verification at their divisional office. |
| Approval | Final selection is made by the Senior Divisional Manager after document verification. |
| Disbursement | The scholarship is paid via NEFT directly to the scholar’s bank account in two installments. |
| Renewal | The scholarship is renewable annually, subject to maintaining specific academic performance (55% for medical/engineering, 50% for others). |
LIC Golden Jubilee Scholarship Apply Online
- All those students who are interested and want to apply for this scholarship have to visit the Official LIC Website.
- Now on the homepage you have to click on LIC Golden Jubilee Scholarship option.
- After that an Application Form will open here you have to enter all the required details in the form.
- Then you have to upload all the required documents in the form.
- At Last you have to recheck the application form and click on Submit button.
FAQ’s
Who can apply for this scholarship?
Meritorious students from economically weaker sections who have passed their Class 10 or 12 exams with at least 60% marks and are pursuing higher studies in eligible courses.
What is the annual family income limit?
The total annual income of the applicant’s family must not exceed ₹4.5 lakh. However, preference is given to applicants with an annual income below ₹2.5 lakh.
What are the two types of scholarships offered?
The scheme provides a General Scholarship and a Special Scholarship for Girl Children.
Which courses are eligible?
The scholarship supports various courses, including medicine, engineering, undergraduate degrees, integrated courses, diplomas, and vocational programs, but not post-graduate or correspondence courses.
Is the scholarship renewable every year?
Yes, annual renewal is possible based on the student’s academic performance.
What is the renewal criteria?
Renewal requires a minimum of 55% marks for medical and engineering students and 50% for others.
How is the scholarship amount paid?
The scholarship is paid directly to the student’s bank account via NEFT in two annual installments.
Can more than one person from a family get the scholarship?
Generally, only one student per family is eligible, though exceptions may apply for female applicants.
What if a student is already receiving another scholarship?
Students receiving scholarships from private trusts or institutions are ineligible, but government scholarships do not affect eligibility.
What is the selection criteria for the scholarship?
Selection is based on merit, with a tie-breaker preference for lower family income.
What if I change my course after being selected?
The scholarship is only valid for the duration of the original course for which the student was selected.
Lavina Choudhary
Lavina Choudhary is a content writer with 5 years of experience in Scholarship. She writes simple and helpful articles that guide people And Student to understand and benefit from public welfare Scholarship.