Scholarship scheme of ICAI


(Guest)

 

The Board of Studies grants various Scholarships to students, namely, Merit, Merit-cum-Need based
and Need-based and weaker sections scholarships

1. Merit Scholarship: The students whose names appear in Sl.No.1 to 10 of the respective Merit lists
of of Common Proficiency Examinations, held in June/December, every year,  Professional Education
Examination – II/Professional Competence Examinations/IPCC Examination held in May/November
every year are selected for award of Merit Scholarship @ Rs.1250/- per month.  Rank holders of
Common Proficiency Examination (CPE) who have registered for PCC/IPCC will get Scholarship for a
period of 18 months while the Rank holders of PE-II/PCE/IPCC will get for a maximum period of 30
months/remaining period of their articleship.

2. Merit-cum-Need based Scholarship: All the students whose names appear in the Merit list of Rank
holders of the Common Proficiency Examination/PE-II/PCC/IPCC are eligible to apply for award of
Merit-cum-Need scholarship @ Rs.1250/- per month.  Rank holders of PCE who have registered for
PCC will get scholarship for a period of 18 months and Rank holders of PE-II/PCE/IPCC who haveregistered for articleships will get scholarship for a maximum period of 30 months/remaining period of
articleship.  However, income of their parents should not be more than Rs.1,50,000/- per annum.
Total 60 scholarships in Examination of CPT/PE-II/PCC/IPCC are awarded every year under this
category.

3. Need-based and weaker sections Scholarship: Students of Professional Education Course –
II/Professional Competence Course/IPCC and Final Course are eligible to apply for award of Needbased Scholarships provided their parents’ annual income is not more than Rs.1,00,000/- per
annum.  100 Need-based and weaker sections scholarships are awarded every year @ Rs.1000/- per
month for a maximum period of 18 months for PE-II and PCC/IPCC and 30 months/balance period of
articleship for Final Course.  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.
Two scholarships out of the Need-based and weaker sections scholarships being granted by the
Institute will be reserved every year for physically handicapped students.