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Institute of chartered accountants of India Scholarship Scheme-2017

The institute of chartered accountants of India
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About

The institute of chartered accountants of India offers 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. The announcements are released in the Student’s Journal-“The Chartered Accountant Student” calling applications for awarding the scholarships in March & September issues and also hosted on the website of the Institute. The students are required to apply in prescribed Scholarship Application Form.

 

Eligibility

(i)For Merit 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 Merit lists of Intermediate (IPC) Examination held in May/November every year
are selected for award of Merit Scholarship Rs. 2000/- per month respectively. Rank holders of Intermediate (IPC) registered for Final Course will get Scholarship for a maximum period of 30 months/remaining period of their articleship whichever, is
less. Hence they are not required to apply.
(ii)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 (IPC) E x a m i n a t i o n a n d t h e i r parents t o t a l i n c o m e is not be more than Rs.1,50,000/- per annum are eligible to apply for award of Meritcum-Need 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 period of articleship whichever is less on being registered for Final Course. Total 30 scholarships are awarded every year under this category.
(iii) Need-based and weaker sections Scholarship: Students of Intermediate (IPC) 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) s t u d e n t s a n d for a maximum period of 30 months/remaining period of articleship whichever is less to Final students. Total 500 scholarships (200 for Intermediate (IPC) 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/- p.m. will be paid on submission of a certificate/ documentary proof duly attested by a member of the Institute.

Details

Deadline Details

31st March for April term and 30th Sept. for October term as per the announcement hosted at the ICAI Website and published in the Student's Journal "The Chartered Accountant Student" in March and September respectively.


Scholarship Amount Details

The details of scholarships are as followed:

Category

No. of Scholarship

For Intermediate(IPC)
Students

For  Final Students

For Final Students 

Period of Scholarships
(months)

Amount (p.m.)

Period of Scholarships
(months)

Amount
(p.m.)

MERIT

The students whose names appear at Sl. No. 1 to 10 and in case the rank at Sl. No. 10 continues to Sl. No.11 or to Sl. No. 12 or so on, then all such rank holders

30 or remaining period of articleship whichever is less

Rs.2000/-

 

MERIT-CUM-NEED

30

18

Rs.1500/-

30 or remaining period of articleship whichever is less

Rs.1500/-

NEED-BASED & WEAKER SECTIONS

500 (200 for Inter.300 for Final)

18

Rs.1250/-

30 or remaining period of articleship whichever is less 

Rs.1250/-

As per eligibility criteria

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.

Procedure

(i) Procurement of 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 web site of the Institute
(w w w .i c a i . o rg ) at t h e l i nk : http://220.227.161.86/20326scholarscheme.pdf ).
(ii)Submission of 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- 201 309,
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 and published in the Student's Journal "The Chartered Accountant Student" in March and September respectively.

Contact

ICAI Head office
The Institute Of Chartered Accountants Of India(ICAI) Bhavan
Indraprastha Marg
Post Box No. 7100
NEW DELHI - 110 002

Nagpur Office
The Institute Of Chartered Accountants Of India-Nagpur Branch 

Address: “ICAI Bhawan”,
20/1, Dhantoli,
Nagpur-440012
Maharashtra 
Phone:0712 244 3968
 

 

 

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