The Institute of Companies Secretaries of India, ICSI has announced the opening of the Merit cum Means assistance scheme for the students who cleared June 2019 examinations. Interested and Eligible students should apply for ICSI Merit-Cum-Means Assistance Scheme before November 25, 2019. The completely filled application in the prescribed form should reach the Institute on or before 25 November 2019 to avail the "Merit-cum-Means Assistance (Company Secretaryship Course) Scheme, 1983. ICSI will award of 25 numbers of financial assistance each for pursuing Executive Programme and Professional Programme of the Company Secretaryship programme. The Institute awards merit-cum-means assistance to the meritorious students based on their performance in the Institute's examination. Merit-cum-Means assistance is granted to Economically Weaker Students (EWS) to enable them to pursue the course. Interested students must check the eligibility criteria laid down under the said scheme to avail the ICSI assistance scheme. Eligibility Criteria for ICSI Merit A candidate applying for assistance should have passed the Foundation programme or Both Modules of the Executive Programme examination without exemption in any paper, at one sitting, in the first attempt in June 2019 examination. The total income of such an applicant, if employed or is having an independent source of income, should not be more than Rs 2,40,000/- per annum. And, if the applicant is dependent on his/her parents/guardian/spouse whether partially or wholly, the combined gross income from all sources should not be more than Rs. 3,60,000/- per annum.  To become eligible for award of the financial assistance, Students who have passed the June 2019 Foundation examination must get registered with the Institute for pursuing Intermediate course within 3 months from the date of declaration of the results. Salient Features of Scheme Applicant should not receive any assistance/scholarship from any other source simultaneously while pursuing the CS course. Financial assistance is provided to 25 candidates each for pursuing CS Executive Programme and Professional Programme. Assistance would be provided @ Rs. 500/- per month to eligible candidates from the month for the following month of declaration of result till December or June next year, in addition to the reimbursement of education fees and exam fees during the period. The selection of the candidate for assistance will be made purely on merit-cum-means basis subject to the terms and conditions of the scheme. The Last date for applying for the financial assistance is 25th November for June examination. How to Apply for ICSI Assistance Scheme The prescribed application form for the Merit-cum-Means Assistance can be downloaded from the Institute's website. The direct link to access ICSI Assistance application form - . Download the application and fill all the requisite details. Applications should be made on the prescribed forms and reach the Institute with supporting documents on or before 25th November 2019. Incomplete applications, applications not fulfilling the eligibility criteria laid down under the scheme or applications reaching the Institute after 25th November 2019 are liable to be summarily rejected. Share this article regarding ICSI Merit-Cum-Means Assistance Scheme, who have cleared June 2019 CS Foundation and CS Executive Programmes examinations and fulfill the other eligibility of the scheme. Have any doubts regarding ICSI Scholarship, you can ask us via the AfterGraduation Forum or in the below comment box. Stay Connected with us on Linkedin, Facebook, and Twitter for regular updates on CA, CS, CMA, Other professional courses, Post Qualification Courses, Higher Education, Entrance Exams, Career Guidance among other information.
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ICSI Scholarship and Financial Assistance For Student

The Institute of Companies Secretaries of India, ICSI awards various scholarship and financial assistance to CS Students, namely, Merit, Merit-cum-Means to meritorious and economically weaker students. Along with this Institute had created ‘ICSI Students Education Fund Trust’ to financially assist the economically backward students in academics. Students can check eligibility criteria and benefits of ICSI Scholarship and financial assistance.

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The Institute of Companies Secretaries of India awards Merit Scholarships and Merit-cum-Means Assistance to the meritorious students based on their performance in the Institute’s examination. Merit-cum-Means assistance is awarded to economically weaker students to enable them to pursue the course. SC/ST applicants are required to pay only half the fee chargeable from other applicants.

The eligible students are required to apply in prescribed Scholarship Application Form (mentioned below). The details of ICSI scholarships and the criteria applied for the selection of applicants are as under:

ICSI Merit Scholarship

The institute awards 15 numbers of Merit scholarships in each session. The eligibility criteria for this scholarship are –

  • Only registered students are eligible for this scholarship.
  • The scholarship will be awarded in order of their merit/rank, from amongst the candidates who appeared and passed in all the subjects of their respective examination, at first attempt, in one sitting, without claiming exemption in any subject, on the all-India basis.

READ Too: ICSI Certificate Course In GST, Goods & Service Tax

ICSI Merit-Cum Means Scholarship

The institute awards 15 numbers of financial assistance in each session only to registered students. According to the scheme, a candidate has to apply in prescribed form obtainable from the Institute and submit their application within a specified date as notified from time to time.

Eligibility Criteria

  • Any candidate aspiring for ICSI scholarship and financial assistance should have passed the CS Foundation or both groups of the CS Intermediate examination, at the first attempt, in one sitting, without claiming exemption in any subject.
  • If the candidate is employed or is having an independent source of income, then the income should be lower than Rs. 36000 per annum, and
  • If an applicant is dependent on his/her parents/guardian/spouse, then the combined income from all the sources should not be more than Rs. 48,000 per annum.
  • Students eligible for the financial assistance ward if they have cleared CS Foundation Exams and got registered with the Institute within three months from the date of declaration of results.

ICSI Students Education Fund Trust

With a view to encourage and promote economically backwards and academically bright students to pursue the Company Secretaryship Course, the Institute has created ‘ICSI Students Education Fund Trust‘ as part of its social responsibility.

Stage of Programme Categories of Students and Eligibility Criteria
Economically backward students (with Family Income upto Rs.1,00,000 per annum) with good academic records Academically Bright Students without any limit of Their Family Income
Foundation Programme Minimum 65% Marks (or equivalent CGPA ) in Class XII (Senior Secondary) Stage Minimum 85% Marks (or equivalent CGPA ) in Class XII (Senior Secondary  ) Stage
Executive Programme Minimum 60% Marks (or equivalent CGPA ) in Bachelors Degree Stage / or 65% Marks (aggregate) in CPT of ICAI / or 65% Marks (in aggregate) in Foundation Examination of ICoAI (ICMAI) Minimum 70% Marks (or equivalent CGPA ) in Bachelors Degree Stage / or 75% Marks (in aggregate) in CPT of ICAI / or 75% Marks (in aggregate) in Foundation examination of ICoAI (ICMAI)

READ ALSO: CS June 2019 Examinations Schedule For Executive And Professional Programme

Benefits Under ICSI SEFT

  • Eligible Students shall be refunded the full amount of their Registration/Admission Fee, Postal Tuition Fee, Exemption Fee and other fees normally paid by the students at the time of admission to Foundation / Executive Programme.
  • Eligible Students shall also be refunded the Examination Fees paid by them if such student should seek enrolment to the respective examination at the first available opportunity after their admission date and clear that exan at the first attempt.

How to Avail Financial Assistance Under ICSI-SEFT?

  1. Students aspiring to avail financial assistance under ICSI-SEFT scheme are required to submit the application form with the desired documents within six months from the month of taking admission in Company Secretaryship, Foundation/Executive/Professional Programme. Applications received at the Institute shall not be entertained, if received after the expiry of the six months period.
  2. A student is firstly required to make all full payment of the requisite fees and then submit his/her claim for refund to the prescribed application form. If found eligible, his/her fees will be refunded.
  3. Students wishing of availing the financial assistance may submit their application form in the prescribed format (please click here) along with all supporting documents to Director (Student Services), The Institute of Company Secretaries of India (ICSI), C-37, Sector 62, Noida 201 309.

Share this article “ICSI Scholarship and Financial Assistance For Student”, who are studying CS Foundation, Executive and Professional Programmes. Have any doubts regarding ICSI Scholarship, you can ask us via the AfterGraduation Forum or in the below comment box.

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