LIC HFL Vidyadhan Scholarship 2024 | Apply Online, Amount, Last date

LIC HFL Vidyadhan Scholarship 2024 : In India,  education is a powerful tool for social mobility and economic empowerment. However, financial constraints often pose a significant barrier for deserving students, especially those from underprivileged backgrounds. Recognizing this challenge, LIC Housing Finance Limited (LIC HFL) has instituted the LIC HFL Vidyadhan Scholarship 2024 program. This scholarship aims to bridge the financial gap and empower students from low-income families to pursue higher education.

What is LIC HFL Vidyadhan Scholarship?

LIC HFL Vidyadhan Scholarship 2024 is a financial assistance program launched by LIC HFL especially for meritorious students from economically disadvantaged families. The scholarship provides an annual grant to students who have completed their 10th class and wish to continue their education from 11th class to post graduation.

Types of LIC HFL Vidyadhan Scholarship 2024

The LIC HFL Vidyadhan Scholarship 2024 program offers assistance at various stages of a student’s  educational journey. Here is a description of the different scholarship types that are generally available:

LIC HFL Vidyadhan Scholarship for Class 10 Passed Students: This scholarship category caters to students who have recently completed their class 10 exams and wish to pursue higher education in class 11 and 12. The scholarship provides an annual grant for two years, helping students cover expenses associated with schooling at the senior secondary level.

LIC HFL Vidyadhan Scholarship for Undergraduate Students: This category targets students pursuing undergraduate degrees (Bachelor’s program) at recognized universities or colleges in India. The scholarship provides an annual grant for a period of three years, helping students manage the financial demands of an undergraduate program.

LIC HFL Vidyadhan Scholarship for Postgraduate Students: This scholarship category supports students enrolled in postgraduate programs (master’s degree) at recognized institutions in India. The scholarship provides an annual grant for two years, thereby easing the financial burden associated with pursuing higher studies after graduation.

Objectives of LIC HFL Vidyadhan Scholarship 2024

The LIC HFL Vidyadhan Scholarship program is driven by several key objectives aimed at promoting educational equality and empowering underprivileged students. Here is a detailed description of the program goals:

• Its primary objective is to provide financial assistance to meritorious students from economically disadvantaged backgrounds. This reduces the financial burden associated with higher education and helps them pursue their educational aspirations.
• By removing financial barriers, the LIC HFL Vidyadhan Scholarship 2024 program provides more equal opportunities for students from all backgrounds. This promotes social mobility and allows deserving students to receive a quality education regardless of their socio-economic status.
• The financial support provided by scholarships enables students to focus on their studies without constantly worrying about educational expenses. This can increase their confidence, motivation, and overall academic success.
• By assisting students in their educational pursuits, the program helps develop a more skilled and educated workforce for the future. This benefits India’s overall economic and social development.
• The LIC HFL Vidyadhan Scholarship 2024 program demonstrates LIC HFL’s commitment to social responsibility. By investing in  education , the company contributes to creating a more equitable and prosperous society.

LIC HFL Vidyadhan Scholarship Amount

The LIC HFL Vidyadhan Scholarship 2024 amount varies depending on the level of education the student is pursuing. Here are the details of the scholarship amount for different categories:

1. LIC HFL Vidyadhan Scholarship for Class 10 Passed Students :

• Annual Grant: INR 10,000
• Duration of assistance: 2 years (for class 11 and 12)

2. LIC HFL Vidyadhan Scholarship for Undergraduate Students:

• Annual Grant: INR 15,000
• Duration of assistantship: 3 years (for undergraduate studies)

3. LIC HFL Vidyadhan Scholarship for Postgraduate Students:

• Annual Grant: INR 20,000
• Duration of assistantship: 2 years (for postgraduate studies)

Benefits of LIC HFL Vidyadhan Scholarship

LIC HFL Vidyadhan Scholarship 2024 provides crucial financial support to deserving students, enabling them to focus on their studies without being burdened by financial constraints. The main advantages are as follows::

• Reduced financial burden: LIC HFL Vidyadhan Scholarship 2024 provide annual grants, significantly reducing the financial burden on students and their families for  educational expenses such as tuition fees, hostel accommodation, books, and stationery.
• Better academic focus: Financial security allows students to focus on their studies without worrying about meeting daily expenses. This can lead to improved academic performance and a higher chance of success.
• Promotes educational equity: The scholarship program empowers students from disadvantaged backgrounds by providing them with resources to pursue higher education, promoting social mobility and creating a more equitable education system.
• Empowering Future Generations: By helping students achieve their educational goals, the scholarship program contributes to creating a more educated and skilled workforce, which benefits future generations.

LIC Vidyadhan Scholarship 2024 : Important Dates

Scholarships	Dates
For class 10 passed students	30 September 2024 (estimate)
For graduate students	15 October 2024 (estimate)
For postgraduate students	15 October 2024 (estimate)

LIC HFL Vidyadhan Scholarship Eligibility Criteria

The eligibility criteria for the LIC HFL Vidyadhan Scholarship 2024 program varies slightly depending on the specific category of students applying (class 10 passed students, undergraduate students, or postgraduate students) and the specific year of announcement. However, some common eligibility requirements generally include:

LIC HFL Vidyadhan Scholarship Eligibility Criteria for Class 10 Passed Students

• Students must be enrolled in class 11 at a recognised Indian educational institution.
• Applicants must have secured more than 60% marks in their class 10 board exams.
• The annual household income of the applicant should not exceed Rs 3,60,000 from all sources.
• Priority will be given to students affected by COVID-19, such as those who have lost earning members/parents since January 2020 or whose family members have lost livelihood/employment due to the pandemic.

LIC HFL Vidyadhan Scholarship Eligibility Criteria for Undergraduate

• Eligible applicants are students in the first year of a three-year degree program (in any stream) at a recognized Indian college/university/institution.
• Applicants must have secured a minimum of 60% marks in their class 12 board exams.
• The annual household income of the applicant should not exceed Rs 3,60,000 from all sources.
• Priority will be given to students affected by COVID-19, such as those who have lost earning members/parents since January 2020 or whose family members have lost livelihood/employment due to the pandemic.

LIC HFL Vidyadhan Scholarship Eligibility Criteria for Postgraduate

• Students enrolled in the first year of a postgraduate program at any recognized college, university, or institute in India are eligible to apply.
• Applicants must have earned a minimum of 60% in their respective undergraduate (UG) programs.
• The annual household income of the applicant should not exceed Rs 3,60,000 from all sources.
• Priority will be given to students affected by COVID-19, such as those who have lost earning members/parents since January 2020 or whose family members have lost livelihood/employment due to the pandemic.

LIC HFL Vidyadhan Scholarship 2024 Required Documents

The documents required to apply for LIC HFL Vidyadhan Scholarship 2024 can be classified into two main groups:

1. Mandatory Documents:

• These documents are required for all applicants and are used to verify eligibility:
• Photo Identity Proof: Government-issued photo identity card like Aadhaar Card, PAN Card or Passport.
• Marksheet of previous qualification: This is usually the marksheet of your Class 10 examination (for Class 11 applicants) or your previous degree (for undergraduate and postgraduate applicants).
• Income proof: Documents that show your family’s annual income. This can be an Income Tax Return (ITR) form, salary slip or an income certificate issued by a government authority.
• Proof of Admission: A document confirming your enrollment in the current academic year. This can be a school/college ID card, original certificate, or admission receipt.
• Current Academic Year Fee Receipt: A document showing the fee amount for the current academic year at your institution.
• Bank account details: A cancelled cheque or a copy of your bank passbook showing your bank account details (make sure it is a nationalised bank account, not a rural or co-operative bank).

2. Additional documents (may apply):

• Crisis documents (if applicable): If you have been affected by a crisis, such as losing a parent who was the earning member of the family due to COVID-19, crisis-related documents can be submitted.
• Disability and Caste Certificate (if applicable): If you belong to a reserved category or have a disability, the relevant certificates can be submitted for consideration (though not mandatory for scholarship).

Application Process for LIC HFL Vidyadhan Scholarship 2024

Here are the details of the specific application process for LIC HFL Vidyadhan Scholarship 2024 , keeping in mind that the official announcement for the 2024 cycle is not yet available:

1. Check eligibility:

Before applying, make sure you meet the eligibility criteria for the LIC HFL Vidyadhan Scholarship 2024 program. This includes factors such as academic performance, family income, type of course and institution, and any entrance exam requirements (for specific streams). You can find the eligibility criteria on the official LIC HFL website (most likely around August or September for the 2024 scholarship cycle).

2. Gather the required documents:

As mentioned earlier, collect all the required documents like photo ID proof, mark sheets, income proof, admission proof, fee receipt, bank statement, and any additional documents that may be applicable (distress document or disability/caste certificate).

3. Wait for the application announcement:

The application portal usually opens in August or September. Keep an eye on the LIC HFL website ( https://www.buddy4study.com/page/lic-hfl-vidhyadhan-scholarship ) for the official announcement regarding the 2024 scholarship cycle . This announcement will include details such as the start and end date of the application and the application portal link.

4. Apply Online:

Once the application portal opens, go to the link and register yourself (if not already done). Fill in the online application form carefully and accurately, providing all the required details about your educational background, family information, financial status and the course chosen.

Upload scanned copies of all the documents mentioned earlier in the specified sections of the application form. Make sure the file size and format meets the requirements of the portal.

5. Submit and review:

After completing the application form and uploading documents, review everything thoroughly for accuracy and completeness before final submission.

Submit your application electronically by following the portal’s instructions.

6. Follow-up action (optional):

You may note down the application reference number for future reference. While there may not be a formal application status tracking system, you may set a reminder to check the LIC HFL website periodically for updates or shortlisted candidate announcements (if applicable).

Conclusion:

The LIC HFL Vidyadhan Scholarship 2024 program provides financial assistance to deserving students from underprivileged backgrounds pursuing higher  education . By providing scholarships for class 11 and 12, undergraduate and postgraduate studies, the program empowers students to overcome financial limitations and achieve their academic goals. Scholarships are awarded through a multi-level selection process that considers academic merit, financial need, and commitment to study.

If you meet the eligibility criteria and are passionate about your education, applying for the LIC HFL Vidyadhan Scholarship is an excellent opportunity to receive financial support and focus on achieving academic success. Remember to keep an eye on the LIC HFL website around August or September for the official announcement of the 2024 scholarship cycle.

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