Discover the LICHFL Vidyadhan Scholarship! Learn about eligibility, deadlines, and benefits for students from Class 11 to post-graduation. Get details on financial aid and how to apply.
Summary: The LIC HFL Vidyadhan Scholarship, a CSR initiative by LIC Housing Finance Limited, aims to support underprivileged students in India from Class 11 to post-graduation. This program provides financial assistance of up to INR 25,000, empowering students from low-income families to pursue their education. Preference is given to students facing challenging circumstances, including those affected by COVID-19, girls, and students with disabilities.
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In a nation where education is the cornerstone of progress, financial constraints often hinder the dreams of many talented students. The LIC HFL Vidyadhan Scholarship emerges as a beacon of hope, providing crucial financial assistance to deserving students from economically disadvantaged backgrounds.
This comprehensive guide will delve into the intricacies of this scholarship, covering eligibility criteria, application processes, benefits, and much more.
Introduction to LIC Housing Finance Limited (LIC HFL)
Before we delve into the scholarship details, it’s essential to understand the organization behind this noble initiative. LIC Housing Finance Ltd. (LICHFL), established in 1989, is one of India’s leading housing finance companies.
Its primary objective is to offer long-term financial assistance to individuals for purchasing or constructing residential properties. Beyond its core business, LIC HFL is committed to social responsibility, and the Vidyadhan Scholarship is a testament to this commitment.
- Core Business: Providing housing finance solutions.
- Social Responsibility: Supporting education through initiatives like the Vidyadhan Scholarship.
What is the LIC HFL Vidyadhan Scholarship?
The LIC HFL Vidyadhan Scholarship 2023 is a Corporate Social Responsibility (CSR) initiative by LIC Housing Finance Limited. It aims to support the education of underprivileged students across India, from Class 11 to post-graduation. This program is designed to alleviate the financial burden on students from lower-income families, enabling them to pursue their academic aspirations without undue stress.
- Purpose: To provide financial aid to underprivileged students.
- Scope: Covers education from Class 11 to post-graduation.
- Funding: Provides up to INR 25,000 based on the student’s level of education.
Objectives of the Scholarship
- To empower students from economically weaker sections.
- To promote higher education among underprivileged youth.
- To support students facing challenging circumstances.
- To encourage girl students and students with disabilities.
Detailed Overview of the Scholarship Programs
The LIC HFL Vidyadhan Scholarship caters to various educational levels. Here’s a breakdown of the different scholarship programs:
LIC HFL Vidyadhan Scholarship for Class 10 Passed Students 2023
This scholarship is specifically designed for students transitioning from Class 10 to Class 11.
- Eligibility Criteria:
- Students enrolled in Class 11 at any recognized institution in India.
- Applicants must have scored more than 60% marks in their Class 10 board examination.
- The family income of the applicant must not exceed 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.
- Benefits:
- INR 15,000 per year for 2 years (for Class 11 and 12).
- Deadline Date: 30-Sep-2023.
LIC HFL Vidyadhan Scholarship for Graduation 2023
This program supports students pursuing their undergraduate degrees.
- Eligibility Criteria:
- Students enrolled in the first year of a 3-year graduation program (in any stream) at any recognized college/university/institution (in the academic year 2023-24) in India.
- 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.
- Benefits:
- INR 25,000 per year for 3 years.
- Deadline Date: 15-Oct-2023.
LIC HFL Vidyadhan Scholarship for Post-Graduation 2023
This scholarship assists students pursuing their post-graduate studies.
- Eligibility Criteria:
- Students enrolled in the first year of a post-graduation program at any recognized college/university/institution (in the academic year 2023-24) in India.
- Applicants must have scored at least 60% marks in their respective UG level programs.
- 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.
- Benefits:
- INR 20,000 per year for 2 years.
- Deadline Date: 15-Oct-2023.
Historical Scholarship Programs
To understand the evolution of the LIC HFL Vidyadhan Scholarship, let’s look at some of its previous iterations.
LIC HFL Vidyadhan Scholarship for Graduation 2022
- Students enrolled in the first year of a 3-year graduation program.
- Applicants required 60% marks in Class 12.
- Family income limit: INR 3,60,000 per annum.
- Preference given to COVID-affected children.
- Benefit: INR 15,000 per year for 3 years.
- Deadline Date: 30-Sep-2022
LIC HFL Vidyadhan Scholarship for Class 10 Passed Students 2022
- Students enrolled in Class 11.
- Applicants required 60% marks in Class 10.
- Family income limit: INR 3,60,000 per annum.
- Preference given to COVID-affected children.
- Benefit: INR 10,000 per year for 2 years.
- Deadline Date: 30-Sep-2022
LIC HFL Vidyadhan Scholarship for Post-Graduation 2022
- Students enrolled in the first year of post-graduation program.
- Applicants required 60% marks in their respective UG level programs.
- Family income limit: INR 3,60,000 per annum.
- Preference given to COVID-affected children.
- Benefit: INR 20,000 per year for 2 years.
- Deadline Date: 31-Oct-2022
It is important to notice from the above table that 2019 scholarship income eligibility was 3 lakh per year, and the percentage criteria was 65%. In year 2022 income was increased to 3.6 lakh with percentage criteria dropped to 60%.
Eligibility Criteria in Detail
Understanding the eligibility criteria is crucial for any applicant. Here’s a breakdown of the key requirements:
- Academic Performance:
- Applicants must achieve a minimum of 60% marks in their previous qualifying examination.
- The specific percentage may vary slightly depending on the scholarship category.
- Family Income:
- The annual family income must not exceed INR 3,60,000.
- This criterion ensures that the scholarship reaches those who need it most.
- Educational Level:
- The scholarship is open to students from Class 11 to post-graduation.
- Students must be enrolled in recognized institutions in India.
- Special Considerations:
- Preference is given to girl students, students with disabilities, and students who have lost either or both parents.
- Also Students affected by the COVID-19 pandemic.
- These considerations aim to provide equitable opportunities to marginalized groups.
The Application Process
Applying for the LIC HFL Vidyadhan Scholarship involves a few key steps:
- Check Eligibility: Ensure you meet all the eligibility criteria.
- Gather Documents: Prepare all necessary documents, including academic records, income certificates, and identification proof.
- Online Application: Fill out the online application form on the official scholarship portal, which is supported by Buddy4study.
- Verification: The submitted documents and information will be verified.
- Selection: Eligible candidates will be selected based on merit and need.
Required Documents
- Academic Mark sheets.
- Income Certificate.
- Aadhar Card.
- Passport-sized photographs.
- Disability certificate (if applicable).
- Death certificate of parents (if Applicable)
Selection Process
The selection process is rigorous and ensures that the scholarship reaches the most deserving candidates. Here’s a glimpse into the selection criteria:
- Merit: Academic performance plays a crucial role.
- Financial Need: Students from lower-income families are given preference.
- Special Circumstances: Students facing challenging situations, such as COVID-19 impact, are prioritized.
- Inclusion: Girl students and students with disabilities are given special consideration.
FAQ’s (Frequently Asked Questions)
What is the selection process for LIC HFL Vidyadhan Scholarship?
Scholars 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 are preferred (Annual income below INR 3,60,000).
Crisis situation: COVID-affected children, students supported by a single parent, orphans, students with critically/terminally ill parents, students from families with job loss of earning members in the last 12 months.
Girl children, and student with disabilities will be given preference.
I am currently studying in Class 12. Can I apply for this scholarship?
No, The graduation 2023 LIC HFL scholarship accepts student enrolled in the first year of a 3-year graduation program. But students can apply when their first year of Graduation starts.
Will I get this scholarship for my subsequent
Yes, if you met all the criteria of the individual scholarship program then, scholarship is given for all the eligible years. years of studies?
Contact Us
For any queries or assistance, please reach out to:
- Phone: 011-430-92248 (Ext-143) (Monday to Friday – 10:00 AM to 06:00 PM IST)
- Email: LIC_HFL@buddy4study.com
Disclaimer
The information provided is based on data compiled from official government websites and private scholarship sources.
The Impact of the Scholarship
The LIC HFL Vidyadhan Scholarship has a profound impact on the lives of its beneficiaries. By alleviating financial burdens, it allows students to focus on their studies and achieve their academic potential. Here are some of the key impacts:
- Improved Access to Education: Enables students from disadvantaged backgrounds to pursue higher education.
- Enhanced Academic Performance: Reduces financial stress, leading to better academic outcomes.
- Social Mobility: Creates opportunities for students to break the cycle of poverty.
- Empowerment: Fosters a sense of confidence and self-reliance among students.
Benefits to LIC HFL
Beyond its philanthropic value, the LIC HFL Vidyadhan Scholarship also provides benefits to the organization:
- Enhanced Corporate Image: Reinforces LIC HFL’s commitment to social responsibility.
- Community Relations: Strengthens ties with local communities.
- Talent Development: Invests in the future generation of professionals.
Tips for Applicants
- Read Carefully: Thoroughly understand the eligibility criteria and application guidelines.
- Gather Documents in Advance: Prepare all required documents well before the deadline.
- Submit Accurate Information: Ensure all information provided is accurate and truthful.
- Apply Early: Avoid last-minute rushes by applying well before the deadline.
- Follow Up: Track your application status and follow up if necessary.
How to Prepare for the Scholarship Process:
- Maintain Academic Excellence: Focus on maintaining a strong academic record.
- Document Everything: Keep all your documents organized and easily accessible.
- Understand the Selection Criteria: Familiarize yourself with the selection process to highlight your strengths.
- Seek Guidance: Reach out to teachers, mentors, or counselors for guidance and support.
LIC HFL Vidhyadhan, Vidyadhan Scholarship Previous Year Question Papers
It is important to understand that the LIC HFL Vidyadhan Scholarship program does not require students to take a test. Therefore, there are no “Vidyadhan scholarship previous year question papers”. The selection is based on the applicants academic marks from previously attended schools, and the other stated criterion.
Disclaimer: The information provided in this article is sourced from official websites. While we strive for accuracy and timeliness, there may be instances where information requires further clarification or updates.
Should you have any questions or require further clarification, please do not hesitate to contact us through our Contact Page. Your feedback is valuable in ensuring the information we provide remains accurate and reliable.
For the most up-to-date information, we encourage you to refer to official websites and sources.
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