LIFE’S GOOD Scholarship: Eligibility Application, Awards

Emmanuel Benjamin October 10, 2024 in Latest Scholarships Tagged Scholarship for India, Scholarship Guides, Scholarship Updates, scholarships - 4 Minutes

The LIFE’S GOOD Scholarship Program, launched by LG Electronics India Private Limited, assists underprivileged students in continuing their studies. This Corporate Social Responsibility (CSR) program seeks to promote students who are pursuing an undergraduate or postgraduate degree in selected institutions across India by providing them with financial support for a period of one year. In this way, it enhances the education and career opportunities of the students.

Table of Contents

Brief Intro of LG Electronics India Private Limited

LG Electronics India Pvt. Limited, a 100% owned subsidiary of LG Electronics Inc, South Korea, was incorporated in India in January 1997. Whether home appliances, entertainment systems, HVAC solutions or IT hardware, LG Electronics is one of the most trusted brands in India, with a wide range of products offered for the end users. Further, it is famous for its product’s quality, invention and approach towards customers.

The company has its own optimistic philosophy summarized in the strapline LIFE’S GOOD. In the continued quest for its goals and principles, LG Electronics hopes that society will be positively and constructively impacted.

Details of the LIFE’S GOOD Scholarship

Eligibility Criteria

The LIFE’S GOOD scholarship is available for undergraduate and postgraduate degree programs at select accredited institutions. There is no uniform eligibility since the eligibility criteria change following the year the student will be in:

First-year students: Must have secured at least 60% in their 12th-grade board exams.
Second, third, and fourth-year students: Must have achieved a minimum of 60% in their previous academic year.

Children of employees of Buddy4Study and LG Electronics India are not eligible to apply for this scholarship.

Key Considerations

Preference is given to meritorious students, female candidates, and those with an annual family income of less than INR 8 lakh.
The program accepts applications in four phases.
Scholarships are awarded on a first-come, first-served basis.

Application Deadline: October 31, 2024

Required Documents

Applicants are required to submit the following documents to complete the application process:

Recent photograph
Class 12 marksheet and previous year/semester marksheet (for 2nd/3rd/4th year students)
Bonafide certificate from the institution
Proof of admission (college ID card or fee receipt)
Government-issued address proof (e.g., Aadhaar card)
Bank account details
Proof of family income (one of the following):
- BPL/Ration Card
- Salary slip
- Letter or certificate from Gram Panchayat (signed and stamped)
- Income certificate from Tehsildar/BDP (for rural areas)
- Form 16 (if salaried)
- Income Tax Return (ITR) statement

How to Apply for Life’s Good Scholarship

To apply for the ‘Life’s Good’ Scholarship Program, carry out the following procedures:

Log in to Buddy4Study using your registered ID to complete the application form.
If you haven’t registered yet, create an account using your email/mobile number.
You will reach the official page for the scholarship application.
Click the ‘Start Application’ button.
Fill in the form with the required criteria and upload the documents.
Once the ‘terms and conditions’ button appears, click the button.
Select ‘Preview’ to check the application before submitting it. If all details are correct, then submit the application.

Scholarship Benefits

The scholarship provides financial aid for both undergraduate and postgraduate students. The specifics of the financial assistance are as follows:

Undergraduate students: 50% of tuition fees or up to INR 1 lakh, whichever is lower.
Postgraduate students: 50% of tuition fees or up to INR 2 lakh, whichever is lower.
For students with zero tuition fees and family income under INR 8 lakh:
- Undergraduate students receive INR 50,000.
- Postgraduate students receive INR 1 lakh.

Conclusion

The LIFE’S GOOD scholarship program is an excellent opportunity for students to gain the financial support they need to pursue their academic goals.

Life’s Good scholarship focuses on the most competent students, especially female students. LG Electronics India shows its dedication to fostering equality and quality education through LIFE’S GOOD scholarship.

Hurry up and apply so that your future will be more rewarding!

FAQs

What is the LIFE’S GOOD scholarship program, and who is eligible for it?

The LIFE’S GOOD Scholarship Program is a CSR initiative by LG Electronics India under which deserving candidates from impoverished economic backgrounds receive monetary help. Indian undergraduate and postgraduate students from select institutes are welcome to apply. Female students and candidates with a family income of less than INR 8 lakh will get preference.

Are there provisions within the LIFE’S GOOD scholarship for undergraduate and postgraduate degree students?

The undergraduate scholarship covers up to 50% of tuition fees or a maximum of 1 lakh, and postgraduate students a maximum of 2 lakhs.

What documents are compulsory to apply for the LIFE’S GOOD scholarship?

Mark sheets of class 12 and the previous academic year, government address proof, family income proof or salary slip, admission initial letter or proof, bonafide certificate, and bank details are required.