The ‘LIFE’S GOOD’ Scholarship Program 2024 is a CSR initiative by LG Electronics India Private Limited to provide financial assistance to meritorious students from economically weaker backgrounds. Under this scholarship program, students pursuing their undergraduate or postgraduate courses at select institutes/colleges can receive financial aid for one year to support their educational journey. The scholarship program aims to help financially vulnerable students who are struggling to pay for their education.
The scholarship program has a two-phase application process, with the first phase deadline on May 23, 2024. The program provides financial assistance to students enrolled in select institutes across India based on specific criteria. The scholarship amount varies depending on the institute, with top prestigious institutes such as IIT, IIM, NIT, AIIMS, etc. receiving INR 100,000 for one year, and institutes with a student strength greater than 2,000 receiving INR 50,000 for one year. The scholarship program is an excellent opportunity for students to receive financial aid and continue their education without worrying about the financial burden.
Eligibility Criteria
To be eligible for the ‘LIFE’S GOOD’ Scholarship Program 2024, candidates must meet the following requirements:
Academic Requirements
Candidates must be pursuing their undergraduate or postgraduate courses at select institutes/colleges in India. The scholarship program is open to students from all fields of study, including engineering, management, science, arts, commerce, law, and others.
Residency Status
Candidates must be Indian citizens and must be residing in India at the time of application. They must also belong to economically weaker sections of society.
Age Limitations
There is no age limit to apply for the scholarship program. However, candidates must be enrolled in the first or second year of their undergraduate or postgraduate courses at the time of application.
Overall, the ‘LIFE’S GOOD’ Scholarship Program 2024 is a great opportunity for meritorious students from economically weaker backgrounds to receive financial assistance for their education.
Application Process
The application process for the ‘LIFE’S GOOD’ Scholarship Program 2024 is simple and straightforward. Interested candidates can apply online through the Buddy4Study website. The application process involves three phases, and the details for each phase are updated on the Buddy4Study website.
Application Deadline
The last date to apply for the scholarship is 23rd May 2024. Candidates are advised to submit their applications before the deadline to avoid any last-minute issues.
Required Documents
Candidates are required to submit the following documents while applying for the scholarship:
- Previous year’s marks card
- Proof of family income
- Proof of admission
- Bonafide certificate from the institute
- Bank account details of the beneficiaries
- Photograph
All the documents should be uploaded in the prescribed format on the Buddy4Study website.
Selection Procedure
The selection procedure for the scholarship involves the following steps:
- Scrutiny of applications: The applications received are scrutinized to ensure that they meet the eligibility criteria.
- Shortlisting of candidates: Shortlisting of candidates is done based on their academic performance and financial need.
- Verification of documents: The documents submitted by the shortlisted candidates are verified to ensure their authenticity.
- Final selection: The final selection of candidates is done based on their overall performance and the availability of funds.
Candidates are advised to keep checking the Buddy4Study website for updates regarding the scholarship program.
Scholarship Benefits
Financial Coverage
The ‘LIFE’S GOOD’ Scholarship Program 2024 is a CSR initiative by LG Electronics India Private Limited to provide financial assistance to meritorious students from economically weaker backgrounds. Under this scholarship program, students pursuing their undergraduate or postgraduate courses at select institutes/colleges can receive financial aid for one year to support their educational journey.
The scholarship fund can be used for academic-related expenses, including—but not limited to—exam fees, hostel fees, tuition fees, books, stationery, travel expenses, data plans, laptop/tablet purchases, food and lodging, etc. The scholarship amount is up to INR 1,00,000 for one year.
Additional Perks
In addition to the scholarship amount, the ‘LIFE’S GOOD’ Scholarship Program 2024 also offers additional perks to the selected scholars. The program provides a mentorship opportunity to the scholars, where they can interact with industry experts and receive guidance on their career paths.
Furthermore, the scholars can also participate in various skill-building workshops and training programs conducted by LG Electronics India Private Limited. These workshops and training programs aim to enhance the scholars’ skills and knowledge and prepare them for their future careers.
Overall, the ‘LIFE’S GOOD’ Scholarship Program 2024 provides a comprehensive package of financial assistance, mentorship, and skill-building opportunities to meritorious students from economically weaker backgrounds.
Terms and Conditions
To be eligible for the ‘LIFE’S GOOD’ Scholarship Program 2024, applicants must meet the following requirements:
- The applicant must be an Indian citizen and a resident of India.
- The applicant must have secured admission to a full-time undergraduate or postgraduate course at a recognized institution in India.
- The applicant must have a family income of less than INR 6,00,000 per annum.
- The applicant must have scored at least 60% marks in their previous qualifying examination.
- The applicant must not be a recipient of any other scholarship or financial assistance from any other source.
The scholarship will be awarded based on the following criteria:
- Academic merit
- Financial need
- Extracurricular activities
- Leadership qualities
The scholarship amount will be disbursed in four phases, subject to the applicant meeting the eligibility criteria in each phase. The scholarship fund can be used for academic-related expenses, including but not limited to exam fees, hostel fees, tuition fees, books, stationery, travel expenses, data plans, laptop/tablet purchases, food, and lodging.
The scholarship amount will be INR 100,000 for one year for students enrolled in top prestigious institutes such as IIT, IIM, NIT, AIIMS, etc. and INR 50,000 for one year for students enrolled in institutes with a student strength greater than 2,000.
The scholarship fund will be directly transferred to the bank account of the selected candidates. The scholarship amount is non-transferable and non-extendable. If any candidate is found to have provided false information or documents, their scholarship will be immediately revoked, and they will be liable to repay the entire scholarship amount.
The scholarship committee reserves the right to modify or cancel the scholarship program at any time without prior notice. The decision of the scholarship committee will be final and binding.
Frequently Asked Questions
What is the eligibility criteria for the ‘LIFE’S GOOD’ Scholarship Program 2024?
To be eligible for the ‘LIFE’S GOOD’ Scholarship Program 2024, students must be pursuing their undergraduate or postgraduate courses at select institutes/colleges in India. Additionally, students must belong to economically weaker backgrounds.
How can I apply for the ‘LIFE’S GOOD’ Scholarship Program 2024 online?
To apply for the ‘LIFE’S GOOD’ Scholarship Program 2024 online, students must visit the official website of Buddy4Study. On the website, students can find the application form for the scholarship program. They need to fill in the required details and submit the application form before the deadline.
What documents are required to apply for the ‘LIFE’S GOOD’ Scholarship Program 2024?
Students need to submit the following documents to apply for the ‘LIFE’S GOOD’ Scholarship Program 2024:
- Recent passport size photograph
- Income certificate
- Proof of admission
- Previous academic record
- Bank account details
When is the application deadline for the ‘LIFE’S GOOD’ Scholarship Program 2024?
The application deadline for the ‘LIFE’S GOOD’ Scholarship Program 2024 is 23rd May 2024. Students are advised to submit their applications before the deadline to avoid any inconvenience.
Are there any specific academic requirements to qualify for the ‘LIFE’S GOOD’ Scholarship Program 2024?
Yes, students need to fulfill certain academic requirements to qualify for the ‘LIFE’S GOOD’ Scholarship Program 2024. They need to have a minimum of 60% marks in their previous academic record.
Can students from all regions participate in the ‘LIFE’S GOOD’ Scholarship Program 2024?
Yes, students from all regions in India can participate in the ‘LIFE’S GOOD’ Scholarship Program 2024 provided they fulfill the eligibility criteria mentioned above.