LIC HFL Vidyadhan Scholarship is a CSR initiative of LIC Housing Finance Limited (LIC HFL) to support the education of underprivileged students in India. The scholarship programme aims to empower lower-income group students who are pursuing studies from Class 11 to post-graduation. Under this scholarship programme, students will receive financial assistance of up to INR 25,000 as per their level of education.
This article offers detailed information about this scholarship programme in terms of its application process, eligibility, documentation, and other needful information. Read further to have a detailed understanding of this scholarship and its application process.
LIC HFL Vidyadhan Scholarship – An Overview
Incorporated in 1989, LIC Housing Finance Ltd. (LICHFL) is one of the largest Housing Finance Companies in India with a key objective of providing long-term finance to individuals for the purchase or construction of house/flat for residential purposes in India.
The table given below consists of the essential details about the scholarship program for quick reference.
Detailed Overview of LIC HFL Vidyadhan Scholarship
| Particulars | Details |
| Name of the Scholarship | LIC HFL Vidyadhan Scholarship |
| Provider Detail | LIC Housing Finance Ltd. (LICHFL) |
| Scholarship Type | Merit and means based |
| Eligibility | Open for Indian students who are currently studying in Class 11 and first year of graduation and post-graduation programmes (in the academic year 2023-24). Applicants must have scored more than 60% marks in their previous qualifying examination. Annual family income of the applicant must not be more than INR 3,60,000 from all sources. |
| Award | Scholarship up to INR 25,000 per year |
| Application Mode | Online through Buddy4Study portal |
| Academic Session | 2023-2024 |
*The application deadline mentioned above is tentative and may change at the discretion of the scholarship provider.
LIC HFL Vidyadhan Scholarship – Key Dates
Now, with this brief piece of information, it is important to have knowledge of some other details. But before referring to them, the candidates are necessarily required to keep track of the important dates of application to this scholarship programme. The applications for LIC HFL Vidyadhan Scholarship 2023 are currently open. The last date to submit the application forms for graduation and post-graduation category has been extended till September 30, 2023.
LIC HFL Vidyadhan Scholarship – Eligibility
LIC HFL Vidyadhan Scholarship for Class 10 passed Students
- Students enrolled in Class 11 at any recognized institution in India can apply.
- Applicants must have scored more than 60% marks in their Class 10 board examination.
- The family income of the applicant must not be more than INR 3,60,000 per annum from all sources.
NOTE: Preference will be given to girl students, students with disabilities and students who have lost either or both of their parents.
LIC HFL Vidyadhan Scholarship for Graduation Students
- Students enrolled in the first-year of a 3-year graduation programme (in any stream) at any recognised college/university/institution (in the academic year 2023-24) in India can apply.
- Applicants must have scored at least 60% marks in their Class 12 board examination.
- The family income of the applicant must not be more than INR 3,60,000 per annum from all sources.
NOTE: Preference will be given to girl students, students with disabilities and students who have lost either or both of their parents.
LIC HFL Vidyadhan Scholarship for Post-graduation Students
- Students enrolled in the first year of post-graduation programme at any recognised college/university/institution (in the academic year 2023-24) in India can apply.
- Applicants must have scored at least 60% marks in their respective UG-level programmes.
- The family income of the applicant must not be more than INR 3,60,000 per annum from all sources.
NOTE: Preference will be given to girl students, students with disabilities and students who have lost either or both of their parents.
LIC HFL Vidyadhan Scholarship – Award Details
- LIC HFL Vidyadhan Scholarship for Class 10 passed Students: INR 15,000 per year for 2 years (For Class 11 and 12)
- LIC HFL Vidyadhan Scholarship for Graduation Students: INR 25,000 per year for 3 years
- LIC HFL Vidyadhan Scholarship for Postgraduation Students: INR 20,000 per year for 2 years
LIC HFL Vidyadhan Scholarship – Application Process
Eligible candidates can apply for the LIC HFL Vidyadhan Scholarship 2023online by following the steps mentioned below –
- Visit the official scholarship page.
- Read all the details carefully and Click on the ‘Apply Now’ button of the respective category of scholarship.
- Login to Buddy4Study with your registered ID and land on the ‘Application Form Page’.
- If not registered – Register at Buddy4Study with your Email/Mobile number/Gmail account.
- You will now be redirected to the ‘LIC HFL Vidyadhan Scholarship’ application form page.
- Click on the ‘Start Application’ button to begin the application process.
- Fill in the required details in the online application form.
- Upload relevant documents.
- Accept the ‘Terms and Conditions’ and click on ‘Preview’.
- If all the details filled in by the applicant are correctly showing on the preview screen, click on the ‘Submit’ button to complete the application process.
LIC HFL Vidyadhan Scholarship – Key Documents
- Photo identity proof (Aadhaar Card)
- Marksheet of previous educational qualification
- Income proof (Form 16A/income certificate from government authority/salary slips, etc.)
- Proof of admission (school/college/university ID card/bonafide certificate, etc.)
- Current academic year fee receipt
- Bank (only nationalised banks) account details of the scholarship applicant (canceled cheque/passbook copy) (NOTE: Gramin/Co-operative banks are not allowed)
- Crisis document (if applicable)
- Disability and Caste certificate (if applicable)
LIC HFL Vidyadhan Scholarship – Selection Process
Scholars for LIC HFL Vidyadhan Scholarship will be selected on the basis of the following criteria:
- Merit of the applicant: 60% marks or above in the previous exam
- Financial Need: Students from lower income group families will be preferred [Annual income below INR 3,60,000 (3.6 Lakhs)]
- Crisis situation: COVID-affected children, students supported by single parent, orphans, students with critically/terminally ill parents, students from families with job-loss of earning members in the last 12 months.
- Girl child will be given preference.
Contact Details
In case one has any queries related to this scholarship programme, its eligibility, the application process, award details, or selection process, one is requested to connect through the contact details given below –
Phone Number: 011-430-92248(Ext-143) | Email ID: LIC_HFL@buddy4study.com