ICAI Scholarship Scheme for CA Students, Check Details and Apply Before Last Date ICAI Scholarship Scheme for Students, Check Eligibility, Last Date and Application Procedure
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ICAI Scholarship Scheme for Students, Check Eligibility, Last Date and Application Procedure

The Board of Studies (BOS) awards various ICAI Scholarships to CA 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 last date to receive the filled application form to ICAI office to avail ICAI Scholarship Scheme for October term is Sept. 30, 2018.

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You may find the ICAI Scholarship Scheme related announcements in the Student’s Journal “The Chartered Accountant Student” calling applications for awarding the scholarships to CA Students. The eligible students are required to apply in prescribed Scholarship Application Form (mentioned below). The details of scholarships and the criteria applied for selection of applicants are as under:

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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 31st March for April term and 30th Sept for October term as per the announcement hosted at the ICAI Website.

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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 instalments can be downloaded from the Institute website at the link.

Eligible Criteria for ICAI Scholarship Scheme

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


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

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

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

Scholarships for CA Students @ Rs 1250 Per Month
Scholarship Category No. of Scholarships (Every Year) Eligibility Criteria
Need-Based and Weaker Sections

600

Students of Intermediate (IPC) Course whose parents/ guardians total annual income does not exceed Rs 2,00,000/- would be selected for award of scholarship for 18 months.

400

Students of Final Course whose parents/ guardians total annual income does not exceed Rs 2,00,000/- would be selected for award of scholarship for 30 months.
As per eligibility Criteria 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 the scholarship.
Sri Dhanraj Kanhaiyalal Dudheria Scholarship

16

Students of Intermediate (IPC)/Intermediate/Final Course from Karnataka State under Need-Based & Weaker Sections criteria
R.K. Khanna Memorial Scholarship

6

Students of Intermediate (IPC)/ Intermediate/ Final under Need-Based & Weaker Sections criteria
J.S. Lodha Memorial Scholarship

6

Students of Intermediate (IPC)/ Intermediate/ Final under Need-Based & Weaker Sections criteria
J.M. Sethia Charitable Trust Scholarship

6

Students of Intermediate (IPC)/ Intermediate/ Final under Need-Based & Weaker Sections criteria
BCCO Foundation Scholarships

6

Students of Intermediate (IPC)/ Intermediate/ Final under Need-Based & Weaker Sections criteria
Joint Corpus formed by Donors 15 Students of Intermediate (IPC)/ Intermediate/ Final under Need-Based & Weaker Sections criteria

Merit CA Scholarship

Merit Scholarships awarded by CA Institute to the Meritorious Students i.e. CA IPCC (Intermediate)/Intermediate 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)/Intermediate Examinations, 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. Total 30 scholarships are awarded every year under this category.

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Rank holders of Intermediate (IPC) /Intermediate 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) / Intermediate Examinations whose parents/guardians total annual income does not exceed Rs. 2,50,000/- are eligible for this scholarship. The students who would be selected for award of the 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 ICAI Scholarship Scheme

Students of Intermediate and Final Course are eligible to apply for an award of Need-based Scholarships provided their parents’ annual income is not more than Rs 2,00,000/- per annum. The students who would be selected for award of the scholarship will be granted Rs 1250/- p.m. for 18 months to Intermediate (IPC)/Intermediate students and for a maximum period of 30 months/ remaining periods of articleship whichever is less to Final students.

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Total 1000 scholarships (600 for CA IPCC/Intermediate and 400 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.

ICAI Scholarship Scheme Selection Criteria

While selecting candidates the performance of their CA CPT/ Foundation/ Graduation/ Intermediate (IPC)/Intermediate Examinations as the case may be as well as parents’ income is 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 the scholarship.

Here you got the details about Scholarships for CA Students. Have any doubts regarding CA Scholarship, you can ask us via the AfterGraduation Forum or in the below comment box. Share this article  “ ICAI Scholarship Scheme for CA Students, Check Details and Apply Before the Last Date” to your friends, who are in need and eligible.

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