Lump Sum Financial Assistance for FY 2016-17 to Poor, Needy but Meritorious Students of ICAI by CASBF; Help of Rs. 1,500 pm (IPCC) and Rs. 2,000 pm (CA Final); Last date for application submission extended from 15 Nov. 2016 to 15 Jan. 2017
The CA Students Benevolent Funds (CASBF) of ICAI has decided to provide Lump Sum Financial Assistance/ Help for one year, i.e. FY 2016-17, to Poor, Needy but Meritorious Students of ICAI at the rate of Rs. 1,500 p.m. (IPCC) and Rs. 2,000 p.m. (CA Final), where the Annual income of parents of Students from all sources is less than Rs. 1.80 Lakh p.a. This financial help by CASBF is different from Scholarships granted by ICAI/ Other Funds of ICAI.
The ICAI has extended the last for Submission of Application Form for Financial Assistance from Chartered Accountants’ Students Benevolent Fund (CASBF) from 15 Nov. 2016 to 15 Jan. 2017.
The Board of Trustees has decided to provide financial assistance of Rs. 1500/- p.m, for articled assistants who are registered for Intermediate (IPC)/ IPCC course and Rs. 2000/- P.M. for those students registered for final course and are currently undergoing articled/ industrial training in accordance with The Chartered Accountants Regulations, 1988 and are poor, needy but meritorious to pursue the Chartered Accountancy course for one year with effect from 1st April, 2016 to 31st March, 2017 to be paid in lump sum, subject to filing of required application.
The eligibility criteria for obtaining financial assistance from CASBF are as under:
i) Annual income of parents from all sources must be less than Rs. 1.80 Lakh
ii) Currently undergoing articled/industrial training as per C.A.Regulation, 1988
Students who are fulfiling the above criteria may apply for financial assistance from Chartered Accountants Students Benevolent Fund. Students may send their request in the prescribed Application form, duly filled in to the Member Secretary, Chartered Accountants Students Benevolent Fund at the following address so as to reach on or before 15th November 2016. The form can be downloaded from website of the Institute i.e. www.icai.org.
The Board of Trustees will consider each of such cases on merit basis and decide at their discretion on the amount to be granted from Chartered Accountants Students Benevolent Fund.
Chartered Accountants’ Students Benevolent Fund
C/o The Institute of Chartered Accountants of India,
ICAI Bhawan, A-29, Sector-62, Noida-201309,
Dist. Gautam Budh Nagar (U.P.)
Website: www.icai.org; email: [email protected]
For Application Form and other details/ updates, please refer the above link to the relevant ICAI Announcement.