The LIC Housing Finance Limited (LICHFL) offers a scholarship called the Vidyadhan Scholarship, designed to support meritorious students who face financial challenges in continuing their education.
This scholarship is part of LIC’s Corporate Social Responsibility (CSR) initiatives aiming to help build a more educated and empowered society.
What is the LichFL Vidyadhan Scholarship?
The LichFL Vidyadhan Scholarship is a financial aid program that provides monetary assistance to students from economically weaker sections to cover part of their educational expenses. It targets students pursuing various levels of education, from school to postgraduate studies.
Eligibility Criteria
To be eligible for the LichFL Vidyadhan Scholarship, applicants must:
- Be Indian citizens.
- Be studying in a government or a recognized private institution in India.
- Have scored at least 60% marks in their last qualifying examination.
- Have a family income of less than INR 3,00,000 per annum.
Scholarship Benefits
The scholarship amount varies depending on the level of education:
- School students may receive up to INR 10,000 per annum.
- College students (undergraduate) may receive up to INR 15,000 per annum.
- Postgraduate students may receive up to INR 20,000 per annum.
The scholarship amount is intended to cover tuition fees, books, hostel fees, and other academic expenses.
Application Process
The application process for the LichFL Vidyadhan Scholarship is entirely online. Students need to follow these steps:
- Visit the official LICHFL website or the scholarship portal announced during the application period.
- Register by providing personal details, educational qualifications, and family income information.
- Upload necessary documents such as previous academic records, income certificate, and ID proof.
- Submit the application after thorough review and verification of the details provided.
Required Documents
Applicants must submit the following documents:
- Passport size photograph.
- Identity proof (Aadhar Card, Voter ID, etc.).
- Address proof.
- Income certificate.
- Last year’s academic mark sheets.
- Admission proof from the institute for the current academic year.
Selection Process
The selection process for the LichFL Vidyadhan Scholarship involves:
- Initial screening of applications based on academic merit and financial need.
- Shortlisted candidates may be called for a telephonic interview or face-to-face interaction if required.
- Final selection is based on the overall merit and sincerity of the candidate towards their education.
Renewal of Scholarship
The scholarship is renewable annually until the completion of the course, subject to the student maintaining a good academic record. The renewal process requires the student to submit the latest academic mark sheets and a continuation certificate from their educational institute.
Important Dates
- Application Opening Date: Generally in August or September.
- Application Closing Date: Typically by the end of October.
- Disbursement of Scholarship: Usually by the end of December.
LIC HFL Vidhyadhan Scholarship for Class 8 – 10 Students
Overview: The LIC Housing Finance Limited (LIC HFL) offers the Vidhyadhan Scholarship to support academically promising students from economically weaker sections. This scholarship is specifically aimed at students studying in classes 8 through 10.
Eligibility Criteria:
- Students must be enrolled in Class 8 to 10 in a recognized school in India.
- Applicants must have scored at least 60% in their previous final examination.
- The family income should not exceed INR 3,00,000 per annum.
Scholarship Benefits:
- Selected students will receive a scholarship amount of INR 10,000 per annum to cover their educational expenses such as tuition fees, books, and stationeries.
Application Process:
- Applications must be submitted online through the official LIC HFL website during the application period.
- Applicants need to provide academic records, income proof, and a recent photograph.
Selection Process:
- The selection is based on academic merit and financial need.
- Shortlisted candidates may be called for a telephonic interview or a face-to-face interaction.
LIC HFL Vidhyadhan Scholarship for Class 10 Passed Students
Overview: This scholarship is designed for students who have completed Class 10 and are aspiring to continue their higher secondary education.
Eligibility Criteria:
- Must have completed Class 10 from a recognized board with a minimum of 60% marks.
- The applicant’s family income should be less than INR 3,00,000 per annum.
Scholarship Benefits:
- Successful candidates receive INR 15,000 per annum to support their higher secondary education in classes 11 and 12.
Application Process:
- Applications are accepted online through LIC HFL’s official portal.
- Required documents include Class 10 marksheet, income certificate, and identity proof.
Selection Process:
- The scholarship is awarded based on academic performance and financial need.
- Candidates might be interviewed telephonically.
LIC HFL Vidhyadhan Scholarship for Graduation
Overview: Aimed at supporting students who wish to pursue undergraduate courses after completing their higher secondary education.
Eligibility Criteria:
- Applicants must be enrolled in a recognized undergraduate program in India.
- They should have scored at least 60% in Class 12.
- The annual family income limit is INR 3,00,000.
Scholarship Benefits:
- Scholars receive INR 20,000 annually to cover college fees, books, and other academic expenses.
Application Process:
- Interested candidates must apply online with relevant documents like the Class 12 marksheet, proof of admission to a graduation program, and income proof.
Selection Process:
- Selection is merit-based, considering both academic achievements and financial background.
- There may be a personal interview round.
LIC HFL Vidhyadhan Scholarship for Post-Graduation
Overview: This scholarship supports students pursuing postgraduate studies in any discipline.
Eligibility Criteria:
- Candidates must be enrolled in a recognized postgraduate course.
- A minimum of 60% marks in the undergraduate course is required.
- Family income should not exceed INR 3,00,000 per annum.
Scholarship Benefits:
- The scholarship amount is INR 30,000 per annum, intended to assist with tuition fees and academic materials.
Application Process:
- Applicants need to submit their application online along with their undergraduate degree certificate, income certificate, and recent photograph.
Selection Process:
- The scholarship is awarded based on the applicant’s academic performance and financial need.
- Final selection may involve an interview process.
Last 5 Years LichFL Vidyadhan Scholarship Details
The LIC HFL Vidyadhan Scholarship, offered by LIC Housing Finance Limited, has seen several iterations over the last five years, with consistent updates and enhancements to support more students. Here’s a summary of the scholarship details from the past five years:
Scholarship Amounts and Duration:
- For Class 10 passed students: Typically, the scholarship offers INR 10,000 per year for 2 years, aimed at supporting their studies in Classes 11 and 12.
- For Graduation students: Students enrolled in a three-year undergraduate program can receive INR 15,000 per year.
- For Post-Graduation students: The scholarship amount is generally around INR 20,000 per year for 2 years, aiding students in their postgraduate studies.
Eligibility Criteria:
- Applicants are required to have scored a minimum of 60% in their last qualifying examination.
- The family income of the applicant must not exceed INR 3,60,000 per annum from all sources.
- Special consideration is often given to students affected by the COVID-19 pandemic, particularly those who have lost a family breadwinner.
Application Process:
- Applications for the scholarship must be submitted online through the official Vidyadhan portal.
- Required documents typically include a photo identity proof, proof of income, mark sheets of previous educational qualifications, proof of current academic admission, and current year fee receipts.
Selection Process:
- The selection is based on academic merit, financial need, and crisis circumstances, such as being affected by COVID-19 or other family hardships.
- The process may include a review of submitted documents and possibly a telephonic interview.
FAQs
Q: Can students from all states apply for the LichFL Vidyadhan Scholarship?
A: Yes, students from all over India can apply for this scholarship, provided they meet the eligibility criteria.
Q: Is this scholarship available for all courses?
A: The scholarship is available for most of the courses, but preference may be given to courses in fields like Engineering, Medicine, Business Administration, etc.
Q: How will the scholarship amount be disbursed?
A: The scholarship amount is transferred directly to the bank account of the beneficiary or through cheque.
Q: What happens if I fail to maintain the academic performance required for renewal?
A: Failure to maintain the required academic standards can lead to the discontinuation of the scholarship.
The LichFL Vidyadhan Scholarship is an excellent opportunity for students in need to pursue their educational goals without financial constraints. By providing necessary financial support, LIC HFL contributes to the creation of a more literate and capable society. Students are encouraged to apply if they meet the eligibility criteria and to use the opportunity to build a bright future.
