ICAI Scholarships for CA Students from 1st April 2020: Application, Eligibility, Terms & Conditions

Board of Studies, ICAI has invited applications from CA Students, latest by 31st May 2020 , for award of the Scholarships to selected candidates under various categories, payable from 1 April 2020 onwards. The deadline for submission of Scholarship application has been extended by ICAI, from 31st March 2020 to 31st May 2020 due to COVID-19 outbreak.

ICAI Announcements dt. 17 Feb. 2020dt. 26 Mar. 2020

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)  November 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 (Both Groups of
Intermediate passed only)
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 Scholarships4Rs.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 Donors5Rs.1250/-Students of Intermediate (IPC)/ Intermediate/ Final under Need Based & Weaker Sections criteria

ICAI also awards 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) November 2019 Exam, 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 be sent to ‘The Director, Board of Studies, The Institute of Chartered Accountants of India, ICAI Bhawan, A-29, Sector-62, NOIDA-201309′ latest by 31st March 2020.

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

Related Posts:

ICAI Scholarships from CASBF for Needy and Meritorious Students

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