Complete details of CA Scholarship for CA Students – 2017

Complete details of CA Scholarship for CA Students – 2017

CA Scholarship : BOS, 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 scholarship related announcements in the Student’s Journal- “The Chartered Accountant Student” calling applications for awarding the scholarships.

CA Scholarship for CA Students

CA Scholarship for CA Students

CA Scholarship for CA IPCC and CA Final Registered Students

ICAI invites applications for the award of CA Scholarship to the selected candidates to be paid from October 1, 2017 onwards. Check details from below Link

ICAI Scholarship details from oct 2017

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.

  • FORM – 1: Merit Scholarship Scheme
  • FORM – 2: Advance Receipt
  • FORM – 3: Application Form for grant of Scholarship
  • FORM – 4: Certificate to be submitted on the letter head of the Principal by the Student undergoing Articleship (Practical Training)

Terms for award of CA Scholarship:

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  1. ICAI Registered Students: Applicants shall be the registered students of Intermediate (IPC) or Final Course.
  2. 18 Months Scholarship: In the case of Intermediate (IPC) Students, Scholarship shall be paid for a maximum period of 18 months.
  3. 30 Months Scholarship: 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.
  4. Additional Scholarship: An additional amount of ₹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.
  5. Handicapped Students: One scholarship under the Need-Based and Weaker Section Category is reserved for a Physically Challenged student.
  6. Income Certificate: Income Certificate (Form No. 4) to be submitted on the letter head of the Principal by the Student undergoing Articleship (Practical Training) (Part I) / letter head of any member of ICAI by the Student not undergoing Articleship (Part-II).

 Merit CA 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 CA 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 CA Scholarship 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 CA 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. (orDownload at this Link.

Submission of ICAI CA Scholarship Application Form:

The duly completed scholarship application form should reach to

The Director,

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”.

Terms for award of CA Scholarship:

  1. ICAI Registered Students: Applicants shall be the registered students of Intermediate (IPC) or Final Course.
  2. 18 Months Scholarship: In the case of Intermediate (IPC) Students, Scholarship shall be paid for a maximum period of 18 months.
  3. 30 Months Scholarship: 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.
  4. Additional Scholarship: An additional amount of ₹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.
  5. Handicapped Students: One scholarship under the Need-Based and Weaker Section Category is reserved for a Physically Challenged student.
  6. Income Certificate: Income Certificate (Form No. 4) to be submitted on the letter head of the Principal by the Student undergoing Articleship (Practical Training) (Part I) / letter head of any member of ICAI by the Student not undergoing Articleship (Part-II).

Eligible criteria for CA Scholarship Form

If you wish to avail the CA Scholarship, then you have to fulfil terms for award of Scholarships The details of scholarships and the criteria applied for selection of applicants are as under:

Scholarships for CA Students @ ₹1250 Per Month
Scholarship CategoryNo. of ScholarshipsEligibility Criteria
Need Based and Weaker Sections125Students of Intermediate (IPC) Course whose parents/ guardians total annual income does not exceed ₹1,00,000/-
150Students of Final Course whose parents/ guardians total annual income does not exceed ₹1,00,000/-
As per eligibility criteriaThe 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.
Sri Dhanraj Kanhaiyalal Dudheria Scholarships5Students of Intermediate (IPC)/Final from Karnataka State under Need Based & Weaker Sections criteria
R.K. Khanna Memorial Scholarships1Students of Intermediate (IPC)/Final under Need Based & Weaker Sections criteria
J.S. Lodha Memorial Scholarships2Students of Intermediate (IPC)/Final under Need Based & Weaker Sections criteria
J.M. Sethia Charitable Trust Scholarships1Students of Intermediate (IPC)/Final under Need Based & Weaker Sections criteria
BCCO Foundation Scholarships1Students of Intermediate (IPC)/Final under Need Based & Weaker Sections criteria
Out of Joint Corpus formed by Donors5Students of Intermediate (IPC)/Final under Need Based & Weaker Sections criteria

Merit CA Scholarship:

Merit CA Scholarship 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 @ ₹2000/- p.m.

Accordingly, following top 10 rank holders of CA IPCC May 2017 examination shall get merit CA Scholarship from ICAI:

  1. Rekha Ghevarram Suthar from Pune got 559 marks and secure Rank 1
  2. Aayush Agarwal from Kolkata got 553 marks and secured Rank 2
  3. Shivkrish V from Chennai got 545 marks and secured Rank 3
  4. Anuj Poddar from Kolkata got 543 marks and secured Rank 4
  5. Ashish Goyal from Bhatinda got 534 marks and secured Rank 5
  6. Avanee Malhotra from Sriganganagar got 533 marks and secured Rank 6
  7. Meenu Jain from Ajmer got 532 marks and secured Rank 7
  8. Shivani Hardas from Durg got 531 marks and secured Rank 8
  9. Millon Kumar from Chennai got 528 marks and secured Rank 9
  10. Kushal Santosh Lodha from Nashik got 525 marks and secured Rank 10
  11. Darshan Mukeshkumar Shah from Ahmedabad got 525 marks and secured Rank 10

You will receive Two Thousand Rupees Per Month and you are not required to apply for this scholarship i.e. CS Institute shall award it automatically to those meritorious students. The period of scholarship shall be 30 months or remaining period of Articleship whichever is less.

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 CA Scholarship shall be awarded to only those students who are not yet completed their Articleship training.

Merit-cum-Need:

Rank holders (other than covered under Merit category) of Intermediate (IPC) Nov 2016 Exam whose parents/guardians total annual income does not exceed ₹1,50,000/-. The students who would be selected for award of CA Scholarship under this category will be granted @ ₹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 (IPC) and Final Course are eligible to apply for award of Need- based CA Scholarship provided their parents’ annual income is not more than ₹1,00,000/- per annum. The students who would be selected for award of scholarship will be granted @ ₹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.

Total 500 CA Scholarship (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 ₹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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