Check out the details of ICAI Scholarships 2017 for CA Students. So many Students does not know that ICAI has providing Scholarship for CPT, IPCC and CA Final Students. Today we are providing ICAI scholarship details i.e. how to apply for CA Scholarships, what are the Eligibility to get ICAI Scholarship, ICAI scholarship status, how to download ICAI scholarship application form.

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The Board of Studies awards various Scholarships to students, namely, Merit, Merit -cum-Need based and Need-based and Weaker Sections twice a year i.e. in the month of April and October. The announcements are released in the Student’s Journal-“The Chartered Accountant Student” calling applications for awarding the scholarships in March & September issues and also hosted on the website of the Institute. The students are required to apply in prescribed Scholarship Application Form. The details of scholarships and the criteria applied for selection of applicants are as under.

Types of Scholarships available for CA Students

Merit Scholarship

The students whose names appear at Sl.No.1 to 10 (in case the rank at Sl. No. 10 continues to Sl. No. 11 or to Sl. No. 12 or so on, all such rank holders) of the respective Merit lists of Common Proficiency Examinations, held in June/December, Intermediate (IPC) Examination held in May/November every year are selected for award of Merit Scholarship @ Rs.1500/- and Rs. 2000/- per month respectively. Rank holders of Common Proficiency Examination (CPE) who have registered for Intermediate ( I P C ) (IIPC Students) will get Scholarship for a period of 18 months while the Rank holders of Intermediate (IPC) registered for Final Course will get for a maximum period of 30 months/remaining period of their articleship. Hence they are not required to apply.

Merit-cum-Need based Scholarship

All students (other than covered under Merit Scholarship) whose names appear in the Merit list of Rank holders of the Common Proficiency Examination/Intermediate (IPC) and their parents total income should not be more than Rs.1,50,000/- per annum are eligible to apply for award of Merit-cum-Need scholarship. The students who would be selected for award of scholarship will be granted @ Rs. 1500 p.m for 18 months to rank holders of CPT who have registered for Intermediate (IPC) an d for a maximum period of 30 months/remaining period of articleship to rank holders of Intermediate (IPC) who have registered for Final Course.

Need-based and weaker sections Scholarship

Students of Intermediate (IPC) and Final Course are eligible to apply for award of Need- based Scholarships provided their parents’ annual income is not more than Rs.1,00,000/- per annum. The students who would be selected for award of scholarship will be granted @ Rs. 1250/- p.m for 18 months to Intermediate (IPC) students and for a maximum period of 30 months/remaining period of articleship to Final students. Total 500 scholarships (200 for Intermediate (IPC) and 300 for Final Course Students) are awarded every year under this category. Two scholarships are reserved every year for physically handicapped students. For SC/ST/OBC category students, an additional amount of Rs.100/- p.m. will be paid on submission of a certificate/ documentary proof duly attested by a member of the Institute.While selecting candidates the performance of their CPT/ Graduation Examinations/ Intermediate (IPC) as the case may be as well as parents’ income are taken into consideration.

Physically handicapped students or those who do not have any earning member in their family are given preference.Over and above the number of scholarships under this category, the children undergoing Intermediate (IPC) 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.

Download ICAI Scholarship Form for CA Students

Last Date to Submit the Scholarship Application form – 31st March 2017Scholarships for CA Students 2017

Submission of ICAI Scholarship Application Form:

THE DULY COMPLETED ICAI SCHOLARSHIP APPLICATION FORM SHOULD REACH TO THE DIRECTOR, BOARD OF STUDIES, THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, ICAL BHAWAN, A-29, SECTOR – 62, NOIDA- 201 309, BEFORE THE LAST DATE I.E 31ST MARCH FOR APRIL TERM AND 30TH SEPTEMBER FOR OCTOBER TERM.

Board of Studies, ICAI invites applications for the award of Scholarships to the selected candidates to be paid from April 1, 2017 onwards under following categories.

Sr.No.ScholarshipCategoryNo. of Scholars hipsAmount(p.m.)Eligibility Criteria
1.Merit-cum-Need15Rs.1500/-Rank holders (other than covered under Merit category) of Intermediate (IPC) Nov 2016 Exam provided their parents/guardians total annual income does not exceed Rs.1,50,000/-
2.Need Based and Weaker Sections125Rs.1250/-Students of Intermediate (IPC) Course provided their parents/guardians total annual income does not exceed Rs. 1,00,000/-
150Rs.1250/-Students of Final Course provided their parents/guardians total annual income does not exceed Rs. 1,00,000/-
As per eligibility criteriaRs.1250/-The children undergoing Intermediate (IPC) 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 Scholarships5Rs.1250/-Students of Intermediate (IPC)/Final from Karnataka State under Need Based & Weaker Sections criteria
4.R.K. Khanna Memorial Scholarships1Rs.1250/-Students of Intermediate (IPC)/Final under Need Based & Weaker Sections criteria
5.J.S. Lodha Memorial Scholarships2Rs.1250/-Students of Intermediate (IPC)/Final under Need Based & Weaker Sections criteria
6.J.M. Sethia Charitable Trust Scholarships1Rs.1250/-Students of Intermediate (IPC)/Final under Need Based & Weaker Sections criteria
7.BCCO Foundation Scholarships1Rs.1250/-Students of Intermediate (IPC)/Final under Need Based & Weaker Sections criteria
8.Out of Joint Corpus formed by Donors5Rs.1250/-Students of Intermediate (IPC)/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 November, 2016 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) or Final Course.
  • In the case of Intermediate (IPC) 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) to be submitted on the letter head of the Principal by the Student undergoing Articleship (Practical Training) (Part I) / letter head of any member of ICAI by the Student not undergoing Articleship (Part-II).

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 31st March, 2017. In case of any clarification, please contact the Board of Studies, Telephone Nos. 0120-3045914/931; email: [email protected]; [email protected]

Click here to see official notification of ICAI about Scholarship For CA CPT IPCC and CA Final Students

Hope this article will help you to know details about ICAI Scholarship. If you have any queries regarding CA Scholarship, Merit Scholarship or any other, feel free to ask me via comment box below. Share this article “ICAI Scholarship For CPT IPCC and CA Final Students” to your friends who are studying CA CPT, IPCC and Final.

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