The Board of Studies grants various Scholarships to students, namely, Merit, Merit-cum-Need based, Need-based and Weaker Sections Scholarships out of the funds of the Institute and Endowment Schemes created by individual donors/Trusts/Societies. Various scholarships are awarded twice in a year i.e. commencing from April and October every year and generally the announcements for scholarships are released in the Students’ Journal – ‘The Chartered Accountant Student’. The students are required to apply in prescribed Scholarship Application Form. Merit Scholarships are granted automatically on the basis of Merit List released by the Examination Section.
The students whose names appear at Sl.No.1 to 10 (in case the rank at Sl. No. 10 continues to Sl. No. 11 or to Sl. No. 12 or so on, all such rank holders) of the respective Merit lists of Common Proficiency Examinations, held in June/December, PCC/IPCC Examination held in May/November every year are selected for award of Merit Scholarship @ Rs.1500/- and Rs. 2000/- per month respectively. Rank holders of Common Proficiency Examination (CPE) who have registered for PCC /IPCC (PCC/IPCC Students) will get Scholarship for a period of 18 months while the Rank holders of PCC/IPCC (Final Students) will get for a maximum period of 30 months/remaining period of their articleship.
30 September 2013
Merit-cum-Need based Scholarship:
All students (other than covered under Merit Scholarship) whose names appear in the Merit list of Rank holders of the Common Proficiency Examination/PCC/IPCC and their parents total income should not be more than Rs.1,50,000/- per annum are eligible to apply for award of Merit-cum- Need scholarship. The students who would be selected for award of scholarship will be granted @ Rs. 1500 p.m for 18 months to rank holders of CPT who have registered for IPCC and for a maximum period of 30 months/remaining period of articleship to rank holders of PCC/IPCC who have registered for articleships. Total 60 scholarships are awarded every year under this category.
30 September 2013
Need-based and weaker sections Scholarship:
Students of PCC/IPCC and Final Course are eligible to apply for award of Need- based Scholarships provided their parents’ annual income is not more than Rs.1,00,000/- per annum. The students who would be selected for award of scholarship will be granted @ Rs. 1250 p.m for 18 months to PCC/IPCC students and for a maximum period of 30 months/remaining period of articleship to Final students. Total 200 scholarships are awarded every year under this category. Two scholarships are reserved every year for physically handicapped students. The payment of scholarship is liable to be discontinued in case the recipient does not pass the PE-II/PCC/ IPCC/Final Examination in the first two eligible chances. For SC/ST/OBC category students, an additional amount of Rs.100/- p.m. will be paid on submission of a certificate/ documentary proof duly attested by a gazette officer or a member of the Institute.
30 September 2013
Scholarships under Endowment Schemes:
In addition to the above, scholarships are also awarded under different Endowment Schemes created by individual donors/ Joint Corpus formed by donors. The criteria applied are the same as in case of Need -based scholarship.
Apart from the above, first three rank holders of CPT will be granted full exemption from the payment of registration and tuition fees at the time of registration for IPCC including registration fee for 100 Hours Information Technology Training. Such fee exemption will be continued at the time of registration for Final Course provided the student passes both groups of IPCE in the first attempt. In other words, the first three rank holders of CPT need not pay the Final fee if they pass the IPCE in the first attempt.
Effective from November, 2010 examination onwards top 10 rank holders of the Integrated:
Professional Competence Examination (IPCE) and Final Examination are exempted from payment of fee for attending residential programme on Professional Skills Development Programme.
30 September 2013
FEE CONCESSIONS TO DIFFERENTLY ABLED STUDENTS:
Differently abled students are defined as follows: (i) Blindness – “Blindness” refers to a condition where a person suffers from any of the following conditions, namely: • total absence of sight; • visual acuity not exceeding 6/60 or 20/200 (snellen) in the better eye with correcting lenses; or • limitation of the field of vision subtending an angle of 20 degrees or worse. (ii) Low vision – “Low vision” means a person with impairment of visual functioning even after treatment or standard refractive correction but who uses or is potentially capable of using vision for the planning or execution of a task with appropriate assistive device. (iii) Leprosy cured – “Leprosy cured” means any person who has been cured of leprosy but is suffering from • loss of sensation in hands or feet as well as loss of sensation and paresis in the eye and eye-lid but with no manifest deformity; • manifest deformity and paresis but having sufficient mobility in his hands and feet to enables him to engage in norFl economic activity; • extreme physical deformity as well as advanced age which prevents him from undertaking any gainful occupation, and the expression “leprosy cured” shall be constructed accordingly. (iv) Hearing impairment – “Hearing impairment” means loss of sixty decibels or more in the better ear in the conversational range of frequencies. (v) Locomotors disability – “Locomotors disability” means disability of the bones, joints or muscles leading to substantial restriction of the movement of the limbs or any form of cerebral palsy. (vi) Permanent and total loss of voice (vii) Any other physical disability which is not covered above, but permanently suffering from 50% or above, as the case may be, submit an application for consideration on ase to case basis. A differently able student has to submit a certificate of suffering from disability, certified by a physician/surgeon/oculist working in a Government hospital, as the case may be. Students who are suffering from more than 50% disability, as stated above, are eligible for full exemption from payment of registration fees at IPCC/ATC and Final levels.
30 September 2013
OTHER FEE CONCESSIONS AND SCHOLARSHIPS
The children of military and para-military forces who are studying chartered accountancy course and have lost either of their parents in action are exempted from payment of registration feesThis fee concession will be made available on production of necessary documents.
DIFFERENTLY ABLED STUDENTS ARE EXEMPTED FROM ORIENTATION PROGRAMME
Differently abled students, suffering from permanent disability of 50% or above are exempted from attending Orientation Programme. These students are also exempted from payment of fee related to Orientation Programme i.e. Orientation Programme registration fee of ` 1,000/- and course fee of ` 3,000/- for undergoing course.
DIFFERENTLY ABLED STUDENTS ARE EXEMPTED FROM PAYMENT OF ITT FEE
Differently abled students, suffering from permanent disability of 50% or above are exempted from attending ITT classes, but they are required to self-study and pass two test papers specially designed for the purpose. These students are also exempted from payment of fee related to ITT i.e. registration fee of ` 2,000/- and course fee of ` 4,000/- for undergoing course.