Achieving academic excellence has always been a cherished aspiration among Indian students, but for 85% of them, this dream remains elusive due to financial constraints.
To address this issue and pave the way for educational empowerment, the LIC HFL Vidyadhan Scholarship 2023 has been introduced. This esteemed scholarship, also known as Lichousing.com, is specifically designed for students studying in Classes 8, 9, 10, 10 Pass, Graduation, and Postgraduate levels.
The primary focus of the Lichousing.com scholarship is to uplift low-income groups and support disadvantaged students in India who are dedicated to pursuing their studies at various academic levels, starting from Class 8 all the way up to postgraduate studies.
Notably, the scholarship winners will be awarded financial assistance of up to INR 30,000, depending on their current level of education. This generous support alleviates the financial burden and enables these bright minds to fully concentrate on their educational journey.
All the relevant information you need about this scholarship has been thoughtfully compiled to facilitate the application process. By utilizing this comprehensive guide, you will have all the necessary details to submit your application successfully.
To ensure a seamless experience, feel free to navigate through the table of contents below, which provides an overview of the valuable information included in this post, tailored to assist you in pursuing educational excellence.
Table of Contents.
- Why Lichousing.com Scholarship?
- Levels/field of study
- What is the benefit of LIC HFL Vidyadhan Scholarships 2023?
- Scholarship for 8th, 9th, and 10th-grade students.
- The amount of the scholarship for the tenth grade.
- What are the eligible criteria?
- Eligibility for Class 8-10 students
- For class 10 passing students
- for graduation
- For graduate students
- How do I apply for LIC HFL Vidyadhan Scholarship 2023?
- Documents required for the scholarship
- What is the Basis for the Selection of Winners?
- When is the LIC HFL Vidhyadhan Scholarship Application Deadline?
Why Lichousing.com Scholarship?
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The LIC HFL Vidyadhan Scholarship Scheme, co-founded by LIC Housing Finance Limited and Buddy4Study.com, aims to support students hailing from low-income groups to pursue their educational dreams.
This scholarship program is structured into four (4) distinct categories, catering to students at different academic levels, starting from Class 8 and extending up to postgraduate studies. It is important to note that the scholarship grants financial aid of up to Rs. 30,000, the exact amount depending on the specific level of study.
LIC Housing Finance Limited (LIC HFL) holds a significant position as an organization promoted by Life Insurance Corporation (LIC) India. Over the years, LIC HFL has been actively involved in various social welfare initiatives, focusing on education-related projects.
The collaboration between LIC HFL and Buddy4Study.com reflects a shared commitment to fostering educational opportunities for deserving students who face financial constraints. Through this scholarship program, they endeavor to positively impact the lives of those striving for academic excellence despite their economic challenges.
By providing financial assistance, the LIC HFL Vidyadhan Scholarship Scheme contributes to advancing education and empowers students from underprivileged backgrounds to realize their potential and shape a brighter future for themselves and their communities.
Levels/Field of Study
In essence, the LIC HFL Vidyadhan Scholarship 2023 is granted to students studying in Class 8 to Class 10, those who have passed Class 10, and undergraduate and postgraduate students.
What is the benefit of LIC HFL Vidyadhan Scholarships?
LIC HFL Vidyadhan Scholarships are of three different categories, each with its own benefit and value.
Scholarship for 8th, 9th, and 10th Grade Students
The official body of the LIC HFL Scholarship will award scholarships for Rs 8-10. 10,000 annually directly to the bank account of the selected candidates.
The amount of the Scholarship for the Tenth Grade
All students selected for the 10th-grade LIC HFL scholarship will be awarded Rs. 15,000 annually directly to your bank account.
Every student chosen for the LIC HFL Scholarship for Class Graduation will be awarded an annual scholarship of Rs. 20,000, which will be directly transferred to their bank accounts.
After graduation, all students selected for the LIC HFL Scholarship will be awarded Rs. 30,000 annually directly to your bank account.
What are the eligible criteria?
Now, before applying for the LIC HFL Vidyadhan Scholarship, there are some criteria that you need to meet. These criteria include:
Eligibility for Class 8-10 students
To be eligible for the scholarship, you must be enrolled in grades 8, 9, or 10 at any recognized school or institution in India. It’s important to have scored at least 65% in your previous semesters.
Your household income should also be less than Rs. 3,00,000 (3 lakhs) per year. Moreover, priority will be given to applicants from low-income families or those facing challenging circumstances, such as orphans, children with disabilities, and those dealing with serious illnesses.
For Class 10 Passing Students
To be eligible for the scholarship, you should currently be enrolled in the 11th or 12th semester or pursuing ITI/Diploma/Polytechnic programs at a recognized institution in India. Achieving a minimum of 65% in your previous semesters is essential.
Moreover, your household income should not exceed Rs. 3,00,000 (3 lakhs) annually. Additionally, priority will be given to applicants from low-income backgrounds or students facing difficult circumstances, such as orphans, children with different abilities, and those dealing with serious illnesses.
To be eligible for the scholarship, you must enroll in graduation or undergraduate programs at any recognized university or institution in India. It’s important to have achieved a minimum of 65% in your previous semesters.
Furthermore, your household income should be below Rs. 3,00,000 (3 lakhs) per year. Additionally, applicants from low-income groups or students facing challenging situations, such as orphans, children with different abilities, and those dealing with serious illnesses, will be given preference.
For Graduate Students
To be eligible for the LIC HFL Vidyadhan Scholarship, you must currently enroll in Postgraduate/PG programs at any recognized college, university, or institution in India. Achieving a minimum of 65% in your previous semesters is essential.
Moreover, your household income should not exceed Rs. 3,00,000 (3 lakhs) annually. Additionally, applicants from low-income groups or students facing difficult circumstances, such as orphans, children with different abilities, and those dealing with serious illnesses, will be given preference.
The LIC HFL Vidyadhan Scholarship is organized by LIC Housing Finance Limited (HFL). It’s important to note that this Lichousing.com scholarship is exclusively open to Indian students pursuing their studies at the postgraduate level in a university setting.
How do I apply for LIC HFL Vidyadhan Scholarship 2023?
If you really want to apply for this LIC Scholarship 2023, it is important that before following the steps below, you read the eligibility criteria carefully.
First, go to the official website, which is https://www.lichousing.com/, and click on it. After that, please do the following: For more information on how to apply for this scholarship, please click the button below.
- Click on the “Apply Now” link to choose your desired scholarship category.
- Then click the ‘Apply Now’ button.
- Use your existing ID and password and sign in to Buddy4Study.
- If you are not registered in Buddy4Study: Register in Buddy4Study with your email / Facebook / Gmail account.
- Now click on the “Launch Application” link.
- Ensure you provide all the required information in detail in the application form.
- After that, upload the required documents along with the online application form.
- Double-check all the details and click the ‘Submit’ button to complete the application process.
- Don’t forget to take the hard copy of the application form for future use.
Below are the accompanying documents you must submit with your application.
Documents required for the scholarship
- Proof of photo identification (Aadhaar card / PAN card/passport).
- Salary certificate.
- Admission proof (school/college/university ID card/certificate of good faith/etc.).
- Fee receipt for the current academic year.
- Bank account details of the scholarship applicant (canceled check/passbook copy).
What is the Basis for the Selection of Winners?
As an applicant for the LIC HFL Vidhyadhan Scholarship 2023, you will be selected based on:
- Passing mark, which is 65% or higher on the exam.
- Your family’s financial status. If you are from a lower-income family, the annual income is less than Rs. 3,00,000 (3 Lakhs).
- Crisis Situation: Students with single-parent support, orphans, students with critical/terminal parents, and students from families with income member job loss in the last 12 months.
The HFL LIC selection process is listed below.
- Screen scholarship applications based on merit and financial need.
- Telephone interviews for more shortlisted candidates.
- Face-to-face interview for the final selection (if necessary).
When is the LIC HFL Vidhyadhan Scholarship Application Deadline?
Good news! The LIC HFL Vidyadhan Scholarship application deadline has been extended, and it is still open for submissions till 31 December 2023. You now have more time to apply for the scholarship opportunity. For detailed information about the scholarship and to proceed with your application, please click on the official website link provided below. Don’t miss this chance to avail yourself of the benefits offered by the scholarship.