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Lavanya Joshi

Updated on 09th May, 2024 , 4 min read

LIC HFL Vidyadhan Scholarship: Important Date, Benefit, Objective, Application Process, Selection Procedure

The Life Insurance Corporation of India (LIC), a reputable government-owned enterprise, will offer a new scholarship in 2024 named the LIC HFL Vidyadhan. This scholarship is for students in India who are struggling financially and cannot afford higher education. It is to assist these deserving students with their financial troubles. Students who have completed the tenth grade and desire to continue their education can apply for this scholarship.

LIC HFL Vidyadhan Scholarship 2024

The LIC HFL Vidyadhan Scholarship, named after the Sanskrit terms for knowledge (Vidya) and wealth (Dhan), is a financial assistance programme for education. It provides Rs. 20,000 each year for two years to students who have completed 10th grade and are pursuing further education. This scholarship is primarily for students from low-income families who, despite their aptitude and passion, cannot afford to attend college. This scholarship intends to help these students further their education and better their future prospects. If you meet the eligibility requirements, you can apply on the official website.

Launched By 

Life Insurance Corporation Of India

Name Of Scholarship

LIC HFL Vidyadhan Scholarship

Objective

To offer financial support for education

Benefit

Rs. 20,000/- per year for 2 years 

Eligibility Criteria 

Students who have passed 10th grade to post graduation

Year

2024

Important Dates

The deadline to apply for the LIC Vidyadhan Scholarship 2024 for various student categories is listed below. Applicants should check the official website on a regular basis for updates.

For Class 10th Passed Student 

30th September 2024 (Tentative)

For Graduation Student

15th October 2024 (Tentative)

For Post Graduation Student 

15th October 2024  (Tentative)

Also Read: Digital Gujarat Scholarship

Objectives of the LIC Vidyadhan Scholarship 2024

  • Empower underprivileged students by offering equitable educational chances.
  • Help kids achieve academic excellence and personal growth.
  • Encourage inclusivity and social welfare by helping economically disadvantaged students.

Benefits of the Vidyadhan Scholarship:

LIC provides scholarships with varying benefits:

  • Post-graduate students receive INR 20,000 every year for two years.
  • Graduate students receive INR 15,000 every year for three years.
  • Students who pass 10th grade receive INR 10,000 per year for two years (11th and 12th grades).

Eligibility criteria for the LIC HFL Vidyadhan scholarship

To qualify for the LIC Corporation's numerous scholarship programmes, applicants must meet the following eligibility criteria:

LIC HFL Scholarship for Post Graduation 2024

  • Students in their first year of a post-graduate programme at any recognized college, university, or institution in India are eligible to apply.
  • Applicants must have obtained at least 60% in their respective UG-level programmes.
  • The applicant's total annual family income cannot exceed INR 3,60,000.
  • Preference will be provided for COVID-affected children who have lost any of their earning members/parents since January 2020, or whose earning family member(s) have lost their livelihood/employment due to the pandemic.

LIC HFL Vidyadhan Scholarship for Graduation 2024

  • Students in the first year of a three-year graduate programme (in any stream) at any recognized college, university, or institution in India are eligible to apply.
  • Applicants must have obtained at least 60% in their Class 12 board exams.
  • The applicant's total annual family income cannot exceed INR 3,60,000.
  • Priority will be provided for COVID-affected children who have lost any of their working members/parents since January 2020, or whose earning family member(s) have lost their livelihood/employment due to the pandemic.

LIC HFL Vidyadhan Scholarship for Class 10 Passers 2024

  • Students enrolled in class 11 at any recognized Indian institution are eligible to apply.
  • Applicants must have obtained more than 60% in their Class 10 board exams.
  • The applicant's total annual family income cannot exceed INR 3,60,000.
  • Consideration will be given to COVID-affected children who have lost any of their earning members/parents since January 2020, or whose earning family member(s) have lost their livelihood/employment due to the epidemic. 

Documents Required for the LIC HFL Vidyadhan Scholarship

The organization requires the following documents to enable you apply for the many types of scholarships they offer:

LIC HFL Vidyadhan Scholarship for Postgraduate

  • Photo identity evidence (Aadhaar card, PAN card, or passport)
  • Marksheet for previous educational qualification
  • Income proof (Form 16A, income certificate from government authority, salary stubs, etc.)
  • Proof of admission (school/college/university ID card, genuine certificate, etc.)
  • Current academic year fee receipt
  • Scholarship applicant's bank account information (copies of canceled checks or passbooks)
  • Crisis document (if applicable)
  • Disability and Caste Certificate (if applicable)

LIC HFL Vidyadhan Scholarship for graduation

  • Photo identity verification (Aadhaar card, PAN card, or passport)
  • Marksheet for previous educational qualification
  • Income proof (Form 16A, income certificate from government authority, salary stubs, etc.)
  • Proof of admission (school/college/university ID card)
  • Current academic year fee receipt
  • Scholarship applicant's bank account information (copies of canceled checks or passbooks)
  • Crisis document (if applicable)
  • Disability and Caste Certificate (if applicable)

LIC HFL Vidyadhan Scholarship for students who have passed Class 10

  • Photo identity evidence (Aadhaar card, PAN card, or passport)
  • Marksheet for previous educational qualification
  • Income proof (Form 16A, income certificate from government authority, salary stubs, etc.)
  • Proof of admission (school/college/university ID card, genuine certificate, etc.)
  • Current academic year fee receipt
  • Scholarship applicant's bank account information (copies of canceled checks or passbooks)
  • Crisis document (if needed)
  • Disability and Caste Certificate (if needed)

What are the requirements for applying for the LIC HFL Vidyadhan Scholarship?

  • Visit the LIC HFL Vidyadhan Scholarship official website.
  • Go to the scholarships area of the homepage.
  • Fill out the application form after clicking the "apply online" option.
  • Enter all relevant information and upload the files.
  • Submit your application.

Before applying, ensure that you:

  • Determine whether you are eligible for the scholarship.
  • Have all of your documents available.
  • Have a valid email address.
  • Skip the last-minute rush by applying before the deadline.
  • Please double-check all the information before submitting.
  • For a more convenient application, use a laptop or desktop.
  • Keep a mobile phone handy.

Selection Procedure

The Life Insurance Corporation will use a fairly easy selection approach for the HFL Vidyadhan scholarship. Applicants will be chosen based on their merit and financial requirements. The applicant must thoroughly fill out the application form. This scholarship application will be screened based on merit and financial need. Following the shortlisting, the applicant will be contacted via telephone. The face-to-face interview will be the final stage of selection for this position. To be selected for this scholarship, the applicant must meet the following criteria:

  • The applicant's merit is 65% or higher in the previous exam.
  • Financial Need- Students from lower-income families would be preferred [Annual income less than INR 3,00,000 (3 lakhs).
  • Students supported by single parents, orphans, students with critical/terminal parents, as well as students from homes where one or more earning members have lost their jobs in the recent year.

For the Latest Update of PM Scholarships: Check the link here 

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Frequently Asked Questions

What is the amount of the LIC scholarship?

The amount of the Vidyadhan Scholarship 2024 varies based on the degree of study and can reach Rs. 20,000 each year.

What is the LIC HFL VidyaDhan Scholarship?

This scholarship is a CSR effort by the Life Insurance Corporation. It is primarily intended to provide financial assistance to students from economically disadvantaged areas of society. Its scope includes students from the 10th grade to the postgraduate level.

What is the selection procedure for the scholarship?

The scholarship requires a multi-stage selection process. The main stages are as follows: Screening the applications and assessing the candidate's merit and needs. Telephonic interviews to shortlist candidates. Select candidates will be invited to a face-to-face interview (if considered necessary).

Can students in any stream or field of study apply for the LIC HFL Vidyadhan Scholarship?

Yes, students from any stream or subject of study can apply for the scholarship as long as they match the eligibility requirements set by LIC HFL.

Is there any consideration given to specific types of students throughout the selection process?

Yes, students from low-income households who struggle to pay for higher education are given priority. Additionally, pupils affected by a financial crisis or the COVID-19 pandemic may be given preference.

Which documents are necessary for the application?

Proof of identity, address proof, educational certificates, & income-related documents are all possible requirements.

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