LG Electronics launches 'Life’s Good Scholarship' in India; offering up to Rs 2 lakh

As per the company, selections for the Life’s Good Scholarships would be made based on two basic criteria: need-based and merit-based.

Consumer durable brand LG Electronics today announced the launch of its flagship CSR initiative -Life’s Good Scholarship Programme in India. The Scholarship program is proposed by LG Electronics to support students from all over the country by giving them financial assistance for pursuing higher education, specially education of the girl child.

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LG Electronics India organised today, August 28, the first edition of its marquee scholarship program at its corporate office, Noida. During the occasion the managing director of LG Electronics India felicitated scholars from three institutions- Galgotias University, Jaipuria Institute of Management and Lloyd Law College.

A United effort by Buddy4Study Foundation with LG Electronics

The Life’s Good Scholarship, in collaboration with the NGO Buddy4Study Foundation, would assist in the selection and sponsorship process for equalizing opportunities in education for meritorious and underprivileged students. The LG press statement read, “With this scheme, LG Electronics seeks to create a dent by bridging the financial gap in education and facilitating the development of future leaders.”

LG Life’s Good Scholarship: Eligibility and Financial Aid

Students at any stage of higher education, having a minimum of 60% in the previous academic year, will avail the Life’s Good Scholarship Programme. The scholarships will be awarded based on one’s financial need and academic merit. This financial assistance will cover tuition fees up to 50%, with a ceiling of maximum Rs 1 lakh for undergraduate students and up to INR 2 lakh for postgraduate students, whichever is lower.

Need-based and merit-based scholarships

In the need-based category, 25 percent scholarships will be kept reserved for students from economically weaker sections. Merit-based scholarships, on the other hand, are given to those who attain a minimum score of 75 percent in their Class 12 exams or maintain a 7 GPA in the latter years. Additionally, with an aim of encouraging girl child education, 25 percent of the total merit-based scholarships distributed will be reserved for exceptionally performing girl students.

Commenting on the same, Hong Ju Jeon, MD, LG Electronics India said, “At LG Electronics India, our commitment beyond the circle of innovative products and services; our motive is to create an effective change in the lives of people through valuable initiatives. Health & Nutrition, Education & Skilling are the key sectors where we place our CSR initiatives.”. It is with the Life’s Good Scholarship Program that we at LG want to inspire young minds in pursuing higher education for the realization of their dreams. We believe education is the bedrock of progress in society and is key to economic empowerment.

Ashutosh Burnwal, Founder and CEO, Buddy4Study said, “We wish to express our deep gratitude to the management of LG Electronics India for their seriousness towards welfare in education through the Life’s Good Scholarship Program. We take pride in partnering on this initiative at Buddy4Study, enabling meritorious students, especially those from financially weaker sections, to fulfill their academic aspirations. It is an important step in the right direction wherein students with talent from all over India are not getting left behind due to financial constraints.

Conclusion

LG Electronics India Scholarship: The LG Scholarship: “Life’s Good” for a Reason is one of the most significant steps ever taken in a bid to empower young thought by education. Committed to extending scholarships in adherence to varying need levels and merit bases, the initiative works to extend support to the academic aspirations of the students across India, focusing especially on girl child education.

Through collaboration with the Buddy4Study Foundation, LG Electronics will ensure that economic divides do not delimit the potential of any gifted student. This is much more than a scheme to encourage higher education; it aims at preparing leaders to lead the way for further development and the well-being of the nation.