ICAI Scholarship Scheme
What is ICAI Scholarship Scheme ?
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:
Scholarships for CA Students for the year 2018
New Update for 2018
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, 2017 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)/ Intermediate or Final Course.
- In the case of Intermediate (IPC)/Intermediate 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) 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 2nd April, 2018.
In case of any clarification, please contact the Board of Studies, Telephone Nos. 0120-3045914/931;
1. 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, PCC/IPCC 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 PCC /IPCC (PCC/IPCC Students) will get Scholarship for a period of 18 months while the Rank holders of PCC/IPCC (Final Students) will get for a maximum period of 30 months/remaining period of their articleship.
2. 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/PCC/IPCC 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 IPCC and for a maximum period of 30 months/remaining period of articleship to rank holders of PCC/IPCC who have registered for articleships. Total 60 scholarships are awarded every year under this category.
3. Need-based and weaker sections Scholarship:
Students of PCC/IPCC 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 PCC/IPCC students and for a maximum period of 30 months/remaining period of articleship to Final students. Total 200 scholarships are awarded every year under this category. Two scholarships are reserved every year for physically handicapped students
The payment of scholarship is liable to be discontinued in case the recipient does not pass the PE-II/PCC/ IPCC/Final Examination in the first two eligible chances. 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 gazetted officer or a member of the Institute.
Procurement of ICAI Scholarship Application Form:
The application form to apply scholarship and Forms No. 1 & 2 to claim further installments can be obtained from Institute’s Office at Board of Studies, Noida, New Delhi, and its Regional Offices by sending a request along with a self-addressed envelope affixed with a postal stamp of Rs.5. (or) Download at this Link.
Submission of ICAI Scholarship Application Form:
The duly completed scholarship application form should reach to
Board of Studies,
The Institute of Chartered Accountants of India,
ICAl BHAWAN, A-29, Sector – 62,
NOIDA – 201 301,
before the last date i.e 31st March for April term and 30th Sept. for October term as announced in the Student’s Journal “The Chartered Accountant Student”.
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