ICAI provides scholarships to varied students supported totally different classes like a benefit, benefit semen Need-based and Need-based and Weaker Sections. The scholarship is awarded doubly a year similar to its exams that additionally conducts doubly a year, within the month of Apr and October month. However, ICAI makes announcements within the month of March and September for the issue of the ICAI Chartered Accountant Scholarship and additionally hosted this data on the ICAI official website.
The students who need to use such scholarship programs will apply by filling out the prescribed scholarship program. The below-given table can assist you in understanding this program and helps you in obtaining a concept of whether or not you’ll apply for such or not.
List of ICAI Chartered Accountant Scholarship:
Here is the list of ICAI Chartered Accountant Scholarship and fees concession. The complete list has been given below:
| S. No. | Categories | Students Type | Period of Scholarships (Months) |
| M | Merit Scholarship | Final | Lessor of- 30 or Remaining period of Articleship |
| 2. | Merit – Cum Need-Based | Final | Lessor of- 30 or Remaining period of Articleship |
| 3. | Need-Based & Weaker Section | Both for Inter and Final | For IPC/ Intermediate Student- 18 For Final Student- Lessor of- 30 or Remaining period of Articleship |
| 4. | Need-Based Weaker section | Both for Final and Intermediate | For IPC/ Intermediate Student- 18 For Final Student- Lessor of- 30 or Remaining period of Articleship |
| 5. | Sri Dhanraj Kanhaiyalal Dudheria Scholarship | Both for Final and Intermediate Students (For Karnataka State) | For IPC/ Intermediate Student- 18 For Final Student- Lessor of- 30 or Remaining period of Articleship |
| 6. | R.K. Khanna Memorial Scholarships Memorial Charitable Society | Both Final and Intermediate Students | For IPC/ Intermediate Student- 18 For Final Student- Lessor of- 30 or Remaining period of Articleship |
| 7. | J.S Lodha Memorial | Both Final and Intermediate Students | For IPC/ Intermediate Student- 18 For Final Student- Lessor of- 30 or Remaining period of Articleship |
| 8. | J.M. Sethia Charitable Trust Scholarships | Both Final and Intermediate Students | For IPC/ Intermediate Student- 18 For Final Student- Lessor of- 30 or Remaining period of Articleship |
| 9. | BCCO Foundation Scholarships | Both Final and Intermediate Students | For IPC/ Intermediate Student- 18 For Final Student- Lessor of- 30 or Remaining period of Articleship |
Merit Scholarship:
- This scholarship is granted solely to the highest ten students of Intermediate/ IPC examinations. Those students whose names are showing in SI. No. one to ten (in case the rank at SI. No.10 continues to carry at SI. No. 11 and SI. No. 12, more or less on than all such rank holders) of the benefit List of IPC/ Intermediate Examination control in May/November each year are awarded by the scholarship.
- Students are awarded Rs 2000/- per month.
- Students who are registered for the ultimate course and got a rank between one to ten in Intermediate Examinations are awarded this scholarship.
- These students aren’t needed to assert this scholarship.
- Most periods are thirty months or the remaining amount of article shipped whichever a smaller amount is.
Merit-Cum need-based Scholarship:
- This Scholarship is provided to worthy students on a want basis (other than people who are already coated underneath benefit scholarship).
- The scholars whose parental total financial gain isn’t quite Rs 1,50,000/- p.m. will apply for such a scholarship.
- Students whose name is shown within the benefit list of Intermediate (IPC)/ Intermediate Examinations.
- The scholars hand-picked during this class are awarded Rs 1500/- p.m.
- Most periods are thirty months or the remaining amount of article shipped whichever a smaller amount is.
- Total of thirty scholarships is awarded in this class.
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Need-Based and Weaker Section Primarily Based Scholarship:
- This scholarship is awarded to aside from worthy students on a want basis.
- Students of IPC/ Intermediate or Final each will apply for this Scholarship
- So as to use this scholarship your parental financial gain shouldn’t be quite Rs 100000/- p.m.
- The scholars who are hand-picked for this scholarship are awarded Rs 1250/- p.m. For ST/SC/OBC students a further quantity of Rs 100/- is paid on submission of the documentary proof, proof punctually genuine by the member of the Institute.
- Most periods for this scholarship are eighteen months for IPC/Intermediate students.
- Most periods for a CA Final student is thirty months or the remaining amount of article ship whichever is a smaller amount.
- Total of 550 scholarships are awarded during this class. 250 for IPC/Intermediate students and three hundred for Final Students.
- 2 scholarships from the top are reserved for physically disabled students.
- The financial gain Certificate is to be submitted in type no. four on the letterhead of the principal of the article (in case the student is undergoing article ship) / letterhead of any member of the ICAI (in case the student isn’t undergoing article ship).
- With the exception of the on top of scholarship, the kids undergoing the Intermediate (IPC)/ Intermediate or Final Course of the deceased members of ICAI wherever money help is provided to spouses of the deceased members from the Chartered Accountants Benevolent Fund (CABF) shall even be eligible for the scholarship.
- The quantity of the scholarship supported the eligibility criteria.
- The payment is interrupted if the coed wouldn’t able to pass within the 2 eligible makes an attempt.
Scholarships underneath the Endowment Schemes:
There are some persons who collectively or severally gift some quantity to ICAI to supply scholarships on a want basis to the scholars in addition to the on-top of Scholarships. The detail of them is already given in the table on top. Criteria also will be the same as a requirement primarily based on scholarship.
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Procurement of Scholarship Form:
The eligible candidates can apply for the Scholarship in types three & four. But typing a pair of also will be required to assert the more instalments. These forms are often downloaded from the Institute website.
The form should be reach – To The Director Board of Studies,
The Institute of Chartered Accountants of India
ICAI- BHAWAN,
A-29, Sector-62,
NOIDA-201309 Before the last date of March, i.e. 31st March for Apr Scholarship program and the last date of Sep i.e. 30th Sep for the October Month Scholarship program termed as an announcement hosted on the ICAI website and printed within the Student’s Journal.
