Scholarships for CA Students by ICAI

Posted on 21 August 2019

Board of Studies, ICAI invites applications for the award of Scholarships to  the  selected candidates to be paid from October 1, 2019 onwards under following categories:


Sr. No.

Scholarship Category

No. of Scholarships

Amount (p.m.)

Eligibility Criteria

1.

Merit-cum-Need

As per eligibility criteria

Rs.1500/-

Rank holders (other than covered under Merit category) of Intermediate (IPC)/ Intermediate Course May, 2019 Exam whose parents/guardians total annual income does not exceed Rs.2,50,000/-

2.

Need Based and Weaker Sections

300

Rs.1250/-

Students of   Intermediate              (IPC)/Intermediate Course whose parents/guardians total annual income does not exceed Rs. 2,00,000/-

200

Rs.1250/-

Students    of      Final     Course                 whose parents/guardians total annual income does not exceed Rs. 2,00,000/-

As per eligibility criteria

Rs.1250/-

The children undergoing Intermediate (IPC)/Intermediate or Final Course of the deceased members of ICAI where financial assistance is provided to spouses of the deceased members from the Chartered Accountants Benevolent Fund (CABF) shall also be eligible for scholarship.

3.

Sri Dhanraj Kanhaiyalal Dudheria Scholarships

3

Rs.1250/-

Students of Intermediate (IPC)/Intermediate/Final from Karnataka State under Need Based & Weaker Sections criteria

4.

R.K. Khanna Memorial Scholarships

2

Rs.1250/-

Students of Intermediate (IPC)/Intermediate/Final under Need Based & Weaker Sections criteria

5.

J.S. Lodha Memorial Scholarships

2

Rs.1250/-

Students of Intermediate (IPC)/Intermediate/Final under Need Based & Weaker Sections criteria

6.

J.M. Sethia Charitable Trust Scholarships

2

Rs.1250/-

Students of Intermediate (IPC)/Intermediate/Final under Need Based & Weaker Sections criteria

7.

BCCO Foundation Scholarships

2

Rs.1250/-

Students of Intermediate (IPC)/Intermediate/Final under Need Based & Weaker Sections criteria

8.

R. P. Dalal Memorial Scholarship

2

Rs.1250/-

Students of Intermediate (IPC)/Intermediate/Final under Need Based & Weaker Sections criteria

9.

Out of Joint Corpus formed by Donors

4

Rs.1250/-

Students of Intermediate (IPC)/Intermediate/Final under Need Based & Weaker Sections criteria


Board of Studies, ICAI also awards Merit Scholarships to the Meritorious Students as a token of appreciation. Students whose names are appearing at Sl. No. 1-10 of Merit lists of Intermediate (IPC)/ Intermediate of May, 2019 Exam, in case the Rank at Sl. No.10 continues to Sl. No. 11 or 12 or so on, then all such rank holders shall be granted @ Rs. 2000/- p.m. Such students are not required to apply.

The detailed guidelines along with the requisite application forms (Form no. 3 & 4) are available on the Institute’s Website (www.icai.org) (link: http://www.icai.org/post.html?post_id=6486 ).

Terms for award of Scholarships:

•   Applicants shall be the registered students of Intermediate (IPC)/ Intermediate or Final Course.

•  In the case of Intermediate (IPC)/Intermediate Students, Scholarship shall be paid for a maximum period of        18 months.

•  In the case of Final students, Scholarship shall be paid for a maximum period of 30 months or balance period of their articleship, whichever is less.

• An additional amount of Rs. 100/- p.m. shall be paid to SC/ ST/ OBC students, under Need-based and Weaker Section Category on submission of certificate/ documentary proof duly attested by a gazetted officer or a member of the Institute.

•  One scholarship under the Need-Based and Weaker Section Category is reserved for a Physically Challenged student.

• Income Certificate (Form No. 4) is to be submitted on the letterhead of the Principal under whom the Student is undergoing Articleship (Practical Training) (Part I) / letterhead of any member of ICAI in case the Student is not undergoing Articleship (Part-II) The applications without Form No. 4 will not be processed.

Duly completed and signed Application Forms in the prescribed formats as mentioned above should reach the Director, Board of Studies, The Institute of Chartered Accountants of India, ICAI Bhawan, A-29, Sector-62, NOIDA-201309 latest by 30th September, 2019.

In  case   of   any   clarification,   please   contact   the   Board   of   Studies,   Telephone   Nos.   0120-3045914;   email: ajay.kumar@icai.in

Director, Board of Studies