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

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

Board of Studies, ICAI has invited applications from CA Students, latest by 30 September 2019, for award of the Scholarships to selected candidates under various categories, payable from 1 October 2019 onwards, as detailed below:

Scholarships for CA Students from 1 October 2019: ICAI Announcement dt. 20 August 2019

Eligibility Criteria and Categories of Scholarships for CA Students

Sr.
No.
Scholarship
Category
No. of
Scholarships
Amount
(p.m.)
Eligibility Criteria
1.Merit-cum-NeedAs per eligibility criteriaRs.1500/-Rank  holders  (other  than  covered  under  Merit category) of Intermediate (IPC)  May 2019 Exam whose parents/guardians total annual income does not exceed Rs.2,50,000/-
2.Need Based and Weaker Sections300Rs.1250/-Students of Intermediate (IPC)/ Intermediate Course whose parents/ guardians total annual income does not exceed Rs. 2,00,000/-
200Rs.1250/-Students of Final Course whose parents/ guardians  total annual income does not exceed Rs. 2,00,000/-
As per eligibility criteriaRs.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 Scholarships3Rs.1250/-Students of Intermediate (IPC)/ Intermediate/ Final from Karnataka State under Need Based & Weaker Sections criteria
4.R.K. Khanna Memorial Scholarships2Rs.1250/-Students of Intermediate (IPC)/ Intermediate/ Final under Need Based & Weaker Sections criteria
5.J.S. Lodha Memorial Scholarships2Rs.1250/-Students of Intermediate (IPC)/ Intermediate/ Final under Need Based & Weaker Sections criteria
6.J.M. Sethia Charitable Trust Scholarships2Rs.1250/-Students of Intermediate (IPC)/ Intermediate/ Final under Need Based & Weaker Sections criteria
7.BCCO Foundation Scholarships2Rs.1250/-Students of Intermediate (IPC)/ Intermediate/ Final under Need Based & Weaker Sections criteria
8.R. P. Dalal Memorial Scholarship2Rs.1250/-Students of Intermediate (IPC)/ Intermediate/ Final under Need Based & Weaker Sections criteria
9.Out of Joint Corpus formed by Donors4Rs.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 rank 1-10 of Merit lists of Intermediate (IPC) May 2019 Exam, then all such rank holders shall be granted scholarship @ 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 30th September 2019.

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

Related Posts:

ICAI Invites Application for Scholarships from CASBF for 2018-19

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7 Comments

  1. Pragya Tripathi
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  3. Umesh Gehani
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  5. MOHAMMED MUSTAFA
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