LIC HFL Vidyadhan Scholarship 2023

The LIC HFL Vidyadhan Scholarship for 2023 signifies a Corporate Social Responsibility (CSR) endeavor initiated by LIC Housing Finance Limited (LIC HFL) to furnish educational assistance to economically underserved students within India. This scholarship scheme is meticulo

usly crafted to encourage scholars hailing from economically disadvantaged backgrounds who are engaged in academic pursuits spanning from Class 11 through postgraduate studies. Grantees of this scholarship will receive financial support not exceeding INR 25000, the quantum of which is contingent upon their academic progression.

About the Program

Founded in 1989, LIC Housing Finance Ltd. (LICHFL) holds the distinction of being among India’s preeminent Housing Finance Companies, with a central mission dedicated to offering protracted financing avenues to individuals for the acquisition or construction of residential properties across India. Furthermore, LICHFL extends financial solutions for existing real estate assets, addressing both commercial and personal requirements, in addition to extending loans to professionals for the development or procurement of medical facilities such as clinics, nursing homes, diagnostic centers, office spaces, and related equipment. The organization has consistently undertaken various social welfare initiatives, prominently including educational endeavors.

LIC HFL Vidyadhan Scholarship for Class 10 Graduates in 2023

Application Closure: September 30, 2023

Eligibility Guidelines:

  • Candidates presently enrolled in Class 11 at any duly recognized educational institution in India meet the eligibility criteria.
  • Aspirants are required to have secured a score exceeding 60% in their Class 10 board examinations.
  • The annual aggregate income of the applicant’s family should not surpass INR 3,60,000 from all sources.
  • Please be advised: Preference will be accorded to female scholars, individuals with disabilities, and those who have experienced the loss of one or both parents.

Scholarship Provisions:

  • INR 15,000 per annum for two years (pertaining to Class 11 and 12)
  • LIC HFL Vidyadhan Scholarship for Graduation in 2023
  • Application Closure: September 30, 2023

Eligibility Guidelines:

Scholars matriculated in the inaugural year of a three-year undergraduate program (in any academic discipline) at any accredited college, university, or educational institution in India for the academic year 2023-24 are eligible for application.

Applicants must have achieved a minimum of 60% marks in their Class 12 board examinations.

The annual collective income of the applicant’s family should not exceed INR 3,60,000 from all sources.

Please take note: Preference will be accorded to female scholars, individuals with disabilities, and those who have experienced the loss of one or both parents.

Scholarship Provisions:

  • INR 25,000 per annum for three years
  • LIC HFL Vidyadhan Scholarship for Post-Graduation in 2023
  • Application Closure: September 30, 2023

Eligibility Guidelines:

Scholars enrolled in the inaugural year of a postgraduate program at any duly recognized college, university, or educational institution in India for the academic year 2023-24 are eligible for application.

Applicants must have achieved a minimum of 60% marks in their respective undergraduate programs.

The annual collective income of the applicant’s family should not exceed INR 3,60,000 from all sources.

Please take note: Preference will be accorded to female scholars, individuals with disabilities, and those who have experienced the loss of one or both parents.

Scholarship Provisions:

INR 20,000 per annum for two years

FAQs

Q. What Are the Eligibility Criteria for the LIC HFL Vidyadhan Scholarship?

The selection process for the LIC HFL Vidyadhan Scholarship involves the evaluation of various criteria:

Academic Excellence: Candidates should have achieved a minimum of 60% marks in their previous examination.

Financial Need: Preference will be given to students from families with an annual income below INR 3,60,000 (3.6 Lakhs), especially those facing economic hardships.

Challenging Circumstances: Special consideration will be extended to students who have encountered exceptional situations, such as those affected by the COVID-19 pandemic, individuals supported by a single parent, orphans, students with critically or terminally ill parents, and those from families with members experiencing job loss in the past 12 months.

Gender Priority: Female applicants will be prioritized during the selection process.

Q. Is It Possible to Apply for this Scholarship While Enrolled in Class 12?

No, this scholarship is exclusively available to students currently enrolled in Class 11, the first year of their undergraduate program, or the first year of their postgraduate program.

Q. Can the Scholarship Be Renewed for Subsequent Years?

Yes, scholars will be evaluated for the possibility of scholarship renewal in subsequent years based on the following criteria:

Continuous Academic Pursuit: Scholars must continue their educational journey in regular academic sessions.

Disciplinary Record: Scholars should maintain a clean disciplinary track record throughout their academic tenure.

Academic Performance: Scholars are required to sustain an academic performance level of over 60%.

Furthermore, scholars must upload specific documents onto the online scholar tracking system to facilitate the disbursement of subsequent scholarship installments:

Evidence of Fee Payment for the upcoming academic year in which they are progressing.

Academic Grade Report indicating the successful completion of the previous examination with a commendable academic standing.

A Scholar Undertaking, affirming the absence of any disciplinary issues.

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