CA Scholarship for CA Students, Apply Before Last Date

The Board of Studies (BOS), Institute of Chartered Accountants of India (ICAI) 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. You may find the CA Scholarship related announcements in the Student’s Journal “The Chartered Accountant Student” calling applications for awarding the scholarships.

ICAI invites applications for the award of Scholarships to the selected candidates to be paid from April 1, 2017 onwards. The eligible students are required to apply in prescribed Scholarship Application Form.

Last Date of CA Scholarship Form

Duly completed and signed Application Forms in the prescribed formats should reach the Director, Board of Studies, The Institute of Chartered Accountants of India, ICAI Bhawan, A-29, Sector-62, NOIDA-201309 before the last date i.e 31^st March for April term and 30^th Sept for October term as per the announcement hosted at the ICAI Website.

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

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Procurement of CA Scholarship Application Form

 The Application Forms to apply for Scholarship in the prescribed formats (Form No. 3 & 4) and Form No. 2 to claim further installments can be downloaded from the web site of the Institute  at the link.

Eligible Criteria for CA Scholarship

If you wish to avail the scholarship, then you have to fulfil terms for award of Scholarships. Applicants shall be the registered students of Intermediate (IPC) or Final Course of ICAI.

Income certificate / Category certificate are must to avail the scholarship. Income Certificate to be submitted on the letter head of the Principal by the Student undergoing Articleship or on the letter head of any member of ICAI by the Student not undergoing Articleship.

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The payment of scholarship is liable to be discontinued in each category in case the recipient does not pass the Intermediate (IPC)/Final Examination in the first two eligible chances.

The details of scholarships and the criteria applied for selection of applicants are as under:

Merit CA Scholarship

Merit Scholarships awarded by CA Institute to the Meritorious Students i.e. CA IPCC Rank Holders/ Toppers as a token of appreciation. All those students whose names are appearing at Sl. No. 1-10 of Merit lists of Intermediate (IPC) of May 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.

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Rank holders of Intermediate (IPC) registered for Final Course will get Scholarship for a maximum period of 30 months/ remaining periods of their Articleship whichever, is less. That means, the Merit Scholarship shall be awarded to only those students who are not yet completed their Articleship training.

Merit cum Need CA Scholarship

Rank holders (other than covered under Merit category) of Intermediate (IPC) Nov 2016 Exam whose parents/guardians total annual income does not exceed Rs.1,50,000/- are eligible for this scholarship. The students who would be selected for award of scholarship under this category will be granted Rs. 1500 p.m. for a maximum period of 30 months/ remaining periods of articleship whichever is less on being registered for Final Course. Total 30 scholarships are awarded every year under this category.

Need Based and Weaker Sections CA Scholarship

Students of Intermediate 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 periods of articleship whichever is less to Final students.

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Total 500 scholarships (200 for CA IPCC and 300 for CA Final Course Students) are awarded every year under this category. Two scholarships are reserved every year for physically handicapped students. Note that an additional amount of Rs 100/- p.m. will be paid for SC/ST/OBC category students on submission of a certificate/ documentary proof duly attested by a member of the Institute.

While selecting candidates the performance of their CA 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.

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