LIC Housing Finance Limited in association of LIC India has taken the initiative for launching LIC HFL Vidyadhan Scholarship for underprivileged students to contribute to their education from class 8 to postgraduation level. The selected students under this scholarship will receive variable financial assistance ranging from INR 10,000 to INR 30,000 based on their current educational level.
The scholarship is given under four different categories, namely: scholarship for Class 8 to 10 students; scholarship for Class 10 passed students; scholarship for students pursuing graduation; scholarship for students pursuing post-graduation.
To be eligible for LIC HFL Vidyadhan Scholarship, the students need to fulfil the following eligibility conditions: the students enrolled in class 8 to 12, ITI, Diploma, Polytechnic, UG or PG programme at a recognised institution/college/university in India can apply; they must have secured at least 65% marks in their previous class; the annual income of the family should be less than INR 3 lakhs; the students coming from low-income groups or students in crisis (orphans, critically ill, differently-abled children, etc.) will be given preference; students, who are in the final year of graduation/postgraduation programme are not eligible to apply.
The students selected for this scholarship under different categories will receive benefits as follows: scholarship for class 8 to 10 students – INR 10,000; scholarship for class 10 pass students – INR 15,000; scholarship for graduation – INR 20,000; scholarship for postgraduation – INR 30,000
The selections will be based on academic merit, financial need and crisis situation of the applicant. The process to be followed for selection involves: initial screening of scholarship applications on the basis of academic merit and financial need; telephonic interview of shortlisted candidates; face-to-face interview (if required) for final selection.
