ICAI Scholarships for CA Students: Application, Eligibility, Terms & Conditions from 1 Apr. 2019

ICAI Scholarships for CA Students: Application, Eligibility, Terms & Conditions from 1 Apr. 2019

Board of Studies, ICAI has invited applications from CA Students, latest by 1 April 2019, for award of the Scholarships to selected candidates under various categories, payable from 1 April 2019 onwards, as detailed below:

Scholarships for CA Students from 1 April 2019: ICAI Announcement dt. 25 Feb. 2018

Eligibility Criteria and Categories of Scholarships for CA Students

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)  Nov. 2018 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 6 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 6 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) of Nov. 2018 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 

ICAI’s Terms for award of Scholarships to CA Students:

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

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

iii) 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.

iv) 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.

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

vi) Income Certificate (Form No. 4) is to be submitted on the letter head of the Principal under whom the Student is undergoing Articleship (Practical Training) (Part I) / letter head 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 1st April 2019.

In case of any clarification, please contact the Board of Studies, Telephone Nos. 0120-3045914/ 931; email: ajay.kumar@icai.in

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  1. Pragya Tripathi

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