LIC Golden Jubilee Scholarship 2023-24

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EligibilityClass 10, 12 or equivalent passed students
AwardUp to ₹40,000 per annum

About the Program


Last Updated On : 06-01-2024   Posted By : Rincy Kaur

LIC Golden Jubilee Scholarship 2023-24 is an opportunity offered by the Life Insurance Corporation of India (an Indian state-owned insurance group and investment company), to provide financial support to meritorious students from economically weaker sections who wish to pursue higher studies. The selected candidates will receive up to ₹40,000 per annum.

Source: Life Insurance Corporation of India (LIC)

  • LIC Golden Jubilee Scholarship 2023-24

    To be eligible, an applicant must:-

    General Scholarship:-

    • have passed the Class 10 or 12 examination (or its equivalent: regular/vocational)/diploma in the academic year 2022-23 
    • have secured at least 60% marks (or equivalent grade)
    • be pursuing higher education in the field of vocational/diploma courses in a government-recognised college/institution or course in Industrial Training Institutes (ITI)
    • have an annual parent(s)/guardian(s) income of not more than ₹2,50,000 from all sources


    Special Scholarship for Girl Child:- 

    • have passed Class 10 examination (or its equivalent) in the academic year 2022-23 
    • have secured with at least 60% marks (or equivalent grade)
    • be pursuing higher studies in intermediate/(10+2) pattern/vocational or diploma courses in a government-recognised college/institution or course in Industrial Training Institutes (ITI) for two years
    • have an annual parent(s)/guardian(s) income of not more than ₹2,50,000 from all sources


    • This scholarship is specifically for students pursuing their first degree, such as undergraduate programs or their equivalent (including integrated courses). It is not applicable for students continuing their education through postgraduate studies.
    • An annual income limit relaxation from ₹2,50,000 to ₹4,00,000 will be given to families where a woman (widow, single mother, or unmarried) is the only financial provider. This means that families with a woman as the only earning member can qualify for the scholarship even if their income is slightly higher than the usual limit.

    Under the general scholarship, students who are pursuing higher education in Medicine will receive an annual amount of ₹40,000. This amount is distributed throughout the academic year in three installments: ₹12,000, ₹2,000, and ₹16,000, during the duration of the course, subject to eligibility. 

    Those who are pursuing higher education in the field of Engineering will receive an annual amount of ₹30,000. This amount is distributed throughout the academic year in three installments: ₹9,000, ₹9,000, and ₹12,000, during the duration of the course, subject to eligibility. 

    Under the Special Girl Child Scholarship program, deserving female students will receive ₹15,000 per annum, disbursed in three installments: ₹4,500 twice and ₹6,000 once, for a total duration of two years. This assistance is available for courses pursued through government-recognised colleges, institutions, or Industrial Training Institutes (ITIs).

    Note:- The scholarship amounts mentioned are only applicable to students newly awarded the LIC Golden Jubilee Scholarship in the year 2023 and beyond. Students who have received the scholarship before 2023 will continue to receive the same amount originally determined at the time of their selection until they complete their course.

    • Annual income certificate
    • Caste certificate (if applicable)
    • Bank account details
    • Marksheet/certificates of Class 10,12
    How can you apply?

    Eligible candidates can apply for the scholarship using the below-mentioned steps:- 
    Step 1:
    Click on the 'Apply Now' button.
    Step 2: Click on the 'Register' button and fill in the required details to 'Register'. (Note:- If already registered, log in using Gmail/Mobile number/Email ID.)
    Step 3: Navigate to 'Click Here To Apply Now' and click on it.
    Step 4: Fill in the required details, upload the documents (if required) tick the checkboxes, and submit.

    Note:- Once the online application is submitted, the candidate will receive an acknowledgment on the email ID provided in the online application.

Important Dates

Application Deadline: 14th January 2024

Selection Criteria

The selection process for scholarships will follow a merit-based approach, considering both gender and eligibility criteria. Out of the initial 30 shortlisted students, 20 will be awarded General Scholarships, divided equally between 10 males and 10 females.

Additionally, 10 females will be selected for the Special Scholarship for Girl Child. The final decisions on scholarship allocation will be made by the Divisional Office.

Terms and Conditions
  • Students who already receive scholarships from other trusts or institutions are ineligible for the LIC Golden Jubilee Scholarship. This rule, however, does not apply to students receiving government-funded scholarships for Scheduled Caste (SC) or Scheduled Tribe (ST) students, whether received before or after being selected for this scholarship.
  • Students who enter the second year of an engineering degree program through lateral entry, or who begin their first year after completing a diploma in engineering, are eligible for this scholarship. This eligibility is contingent upon achieving a minimum of 60% marks in their immediate preceding diploma year.
  • Candidates who are pursuing courses under any stream through correspondence or part-time (evening or night classes) and/or through open universities shall not be eligible for the scholarship. 
  • Candidates who are pursuing Chartered Accountants (CA)/Company Secretary (CS)/ Institute of Cost and Works Accountants of India (ICWA) or similar self-study courses are also not eligible for the scholarship.
  • Students must secure at least 55% marks or equivalent grades in their previous year's annual exams to retain their General Scholarship within the Medical or Engineering stream. Failure to meet this minimum performance requirement will result in discontinuation of the scholarship. Additionally, students are expected to pass all subjects in every mid-term semester to maintain their eligibility.
  • Students must secure at least 50% marks or its equivalent grade in the previous year's exams to continue their General Scholarship for undergraduate programs (Arts, Science, Commerce, etc.),. Failing to do so will result in the scholarship being discontinued. Additionally, students must pass all subjects in every mid-term semester to maintain their eligibility.
  •  The students should be regular in attendance for which the guidleines shall be decided by the competent authority of the school/college/university. 
  •  If a student violates any terms and conditions of the scholarship, the scholarship may be suspended or cancelled.
  • Any student discovered to have used false statements or forged documents to secure a scholarship will have their scholarship immediately revoked. Additionally, the Life Insurance Corporation of India (LIC) Divisional Administration may, at their own discretion, require the student to repay the scholarship amount already received.

Note:- For more information, kindly refer to the 'Scholarship Details Document'.

This scholarship is closed for further applications. It is expected to be launched by December, 2024. You can follow this scholarship for further updates.

Meanwhile, browse our featured scholarships and other related scholarships while you wait for the launch of this scholarship.


1. Source of Information: Buddy4Study app compiles details on scholarships/fellowships from government websites and private scholarship sources. Links to the official sources accompany each listing detail pages.

2. Non-affiliation: The Buddy4Study app is not associated with any government entity in India or elsewhere. When featuring government scholarships, we rely on publicly accessible information from central and state government websites in India.

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