Scholarship for CA Course & Fee Concessions as per CA new syllabus: The Board of Studies grants various Scholarships to students, namely, Merit, Merit-cum-Need based, Need-based and Weaker Sections Scholarships out of the funds of the Institute and Endowment Schemes created by individual donors/Trusts/Societies. Various scholarships are awarded twice in a year i.e. commencing from April and October the announcements for scholarships are released in the Students “Journal – The Chartered Accountant Student. The students are required to apply in prescribed Scholarship Application Form. Merit Scholarships are granted automatically on the basis of Merit List released by the Examination Section.
Merit Scholarship:
The students whose names appear at Sr.No. 1 to 10 (in case the rank at Sr. No. 10 continues to Sr. No. 11 or to Sr. No. 12 or so on, all such rank holders) of the Merit List of Intermediate Course Examination held in May/November every year are eligible for award of Merit Scholarship @ Rs. 2000/- per month. These Rank holders, being the students of Final Course, will get scholarship for a maximum period of 30 months/remaining period of their articleship.
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 Intermediate Examination and whose parent’s total income is not 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 a maximum period of 30 months or remaining period of articleship, whichever is less, on being registered for Final Course & Articleships Training.
Need-based and weaker sections 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 1,250 per month for 18 months to Intermediate students and for a maximum period of 30 months or remaining period of articleship, whichever is less, to Final students. Total 550 scholarships (250 for Intermediate and 300 for Final Course Students) are awarded every year under this category. Two scholarships are reserved every year for physically handicapped students. For SC/ST/OBC category students, an additional amount of Rs 100 per month will be paid on submission of a certificate / documentary proof duly attested by a member of the Institute.
Over and above the number of scholarships under this category, the children of the deceased members of ICAI undergoing Intermediate or Final Course and financial assistance is provided to spouses of the deceased members from the Chartered Accountants Benevolent Fund (CABF) shall also be eligible for scholarship.
iv. Scholarships under Endowment Schemes:
In addition to the above, scholarships are also awarded under different Endowment Schemes created by individual donors/ Joint Corpus formed by donors. The criteria applied are the same as in case of need-based scholarship.
The Income Certificate for parents’ total income is to be submitted in prescribed form duly signed by a member of the Institute.
The payment of scholarship is liable to be discontinued in each category in case the recipient does not pass the Intermediate / Final Examination in the first two eligible chances.
Top 10 rank holders of Intermediate Examination and Final Examination are exempted from payment of fee for attending residential programme on Professional Skills Development.
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