LIC Scholarship

The Life Insurance Corporation of India (LIC), one of the most reputable government-owned enterprises, has announced a new scholarship initiative for the year 2024 called the LIC HFL Vidyadhan Scholarship. This program aims to financially assist deserving students across India who are struggling to afford higher education. The scholarship is designed to support students who have completed their 10th grade and aspire to continue their education, empowering them to achieve their academic and career goals.

LIC HFL Vidyadhan Scholarship 2024 Overview

The name Vidyadhan comes from two Sanskrit words: Vidya (knowledge) and Dhan (wealth). This scholarship embodies the goal of providing financial support to those who have the knowledge and capability but face financial barriers. The LIC HFL Vidyadhan scholarship offers ₹20,000 annually for two years to students who have completed their 10th grade and are pursuing further education.

This program is a step toward reducing the educational divide for underprivileged students, ensuring they can access quality education and secure a brighter future.

LIC HFL Vidyadhan Scholarship Details

• Launched By: Life Insurance Corporation of India
• Scholarship Name: LIC HFL Vidyadhan Scholarship
• Objective: To provide financial support for education
• Benefits: ₹20,000 per year for 2 years
• Eligibility: Students from 10th grade to post-graduation
• Year: 2024

Important Dates for LIC HFL Vidyadhan Scholarship 2024

Applicants must keep an eye on the official website for regular updates. The tentative deadlines are as follows:

• For Class 10 Passed Students: 30th September 2024
• For Graduation Students: 15th October 2024
• For Post-Graduation Students: 15th October 2024

LIC HFL Vidyadhan Scholarship: Objectives

• Promote Education: Encourage students from low-income families to pursue higher education.
• Reduce Dropout Rates: Assist students in continuing their education by alleviating financial burdens, thus lowering dropout rates.
• Empowerment Through Education: Empower underprivileged students to enhance their socio-economic status through education.
• Promote Skill Development: Help students cultivate essential skills to thrive in the professional world.

Benefits of LIC HFL Vidyadhan Scholarship 2024

The scholarship offers varying amounts based on the educational level of the applicants:

• Post-Graduate Students: ₹20,000 per year (for two years)
• Graduate Students: ₹15,000 per year (for three years)
• 10th Grade Pass Students: ₹10,000 per year (for two years)

LIC HFL Vidyadhan Scholarship: Eligibility Criteria

For Post-Graduation 2024

• Must be in the 1st year of a post-graduate course at a recognized institution in India.
• Should have secured at least 60% in their undergraduate program.
• Family income must not exceed ₹3,60,000 per year.
• Priority is given to students affected by COVID-19, including those who lost a family member or whose family lost its livelihood.

For Graduation 2024

• Must be in the 1st year of a three-year undergraduate course at a recognized institution.
• Must have scored at least 60% in Class 12 board exams.
• Family income must not exceed ₹3,60,000 per year.
• Preference given to COVID-affected students.

For Class 10 Passers 2024

• Must be enrolled in Class 11 at a recognized institution in India.
• Should have scored more than 60% in Class 10 exams.
• Family income should not exceed ₹3,60,000 per year.
• Preference given to COVID-affected students.

Documents Required for LIC HFL Vidyadhan Scholarship

To apply for this scholarship, students must submit the following documents:

• Photo Identity Proof: Aadhaar card, PAN card, or passport.
• Marksheet: Previous educational qualifications.
• Income Proof: Form 16A, income certificate, salary slips, etc.
• Proof of Admission: ID card or bonafide certificate from the institution.
• Fee Receipt: For the current academic year.
• Bank Account Details: Canceled check or bank passbook.
• Additional Documents: Disability, caste certificates (if applicable), and crisis-related documentation (for COVID-affected students).

LIC HFL Vidyadhan Scholarship Application Process

To apply for the LIC HFL Vidyadhan Scholarship:

1. Visit the official LIC HFL Vidyadhan Scholarship website.
2. Go to the scholarship section and click on the “Apply Online” button.
3. Fill in all the necessary details and upload the required documents.
4. Review all details before submitting the application.

LIC HFL Vidyadhan Scholarship Selection Procedure

The selection process for this scholarship will be based on merit and financial need. Applicants who meet the eligibility criteria will undergo a merit screening process. Shortlisted candidates will be contacted for a telephonic interview, and the final stage will involve a face-to-face interview.

Selection Criteria:

• Merit (65% or higher in the previous examination).
• Financial need (Annual income less than ₹3,00,000).
• Priority given to orphans, children of single parents, and families affected by COVID-19.

LIC HFL Vidyadhan Scholarship Amounts Breakdown