LIC Housing Finance Limited (LIC HFL) has introduced the Vidyadhan Scholarship as a significant step towards empowering the education of underprivileged students. This scholarship is specifically designed to support students from lower-income families who are pursuing education from Class 11 to post-graduation. Let’s delve into the details of this impactful scholarship.
About the Vidyadhan Scholarship:
The Vidyadhan Scholarship is part of LIC HFL’s Corporate Social Responsibility (CSR) initiative, aiming to provide financial assistance to students from economically weaker sections to continue their education. The scholarship offers financial support of up to INR 25,000 per year, depending on the level of education.
Eligibility Criteria for Vidyadhan Scholarship:
The scholarship caters to different educational levels with specific eligibility requirements:
- For Class 10 passed students:
- Enrolled in Class 11 at any recognized institution in India.
- Scoring more than 60% marks in Class 10 board examination.
- Family income not exceeding INR 3,60,000 per annum.
- For Graduation students (first year of a 3-year program):
- Secured at least 60% marks in Class 12 board examination.
- Meeting the family income criterion.
- For Post-graduation students (first year):
- Scored at least 60% marks in the undergraduate program.
- Fulfilling the family income requirements.
Scholarship Amount for Vidyadhan Scholarship:
- Class 10 passed students: INR 15,000 per year for 2 years.
- Graduation students: INR 25,000 per year for 3 years.
- Postgraduation students: INR 20,000 per year for 2 years.
Application Process for Vidyadhan Scholarship:
The application process is online through the Buddy4Study portal. Applicants need to register, fill in the application form, upload necessary documents, and submit their application.
Required Documents:
Applicants must provide photo identity proof, marksheets of previous educational qualifications, income proof, proof of admission, current academic year fee receipt, bank account details, and any crisis or disability-related documents if applicable.
Selection Process:
Selection is based on merit (60% marks or above in the previous exam), financial need (annual income below INR 3,60,000), and specific crisis situations like COVID-affected children, orphans, single parent-supported students, and others. Preference is given to girl students, students with disabilities, and those who have lost either or both parents.
The LIC HFL Vidyadhan Scholarship is a commendable initiative that recognizes the transformative power of education. By assisting students facing financial barriers, LIC HFL plays a crucial role in shaping a brighter future for the youth of India.
Contact Information:
For queries related to the scholarship program, eligibility, application process, award details, or the selection process, contact LIC HFL at 011-430-92248 (Ext-143).
