ICAI Scholarship for CA Students 2021 – Merit & Need based Scholarships

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Scholarship for CA Students: Check out the details about the ICAI Scholarship for CA Students 2021 (Merit & Need-based Scholarships). ICAI invites applications for the award of Scholarships to the selected candidates to be paid every year. The eligible students are required to apply in the prescribed Scholarship Application Form. The Board of Studies (BOS), Institute of Chartered Accountants of India (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 CA Scholarship related announcements in the Student’s Journal “The Chartered Accountant Student” calling applications for awarding the scholarships.

ICAI Scholarship for CA Students 2018 - Merit & Need based Scholarships

Eligible Criteria for CA Scholarship

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

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

Download CA Scholarship Form 2018 (Form 1, Form 2, Form 3 & Form 4)

Last Date of CA Scholarship Form 2021 & 2020

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.

  • Scholarship from April 2020 – 2nd April 2019 (For November 2019 Toppers)
  • Scholarship from October 2020 – 30th September 2019 (For May 2019 Toppers)
  • Scholarship from April 2021 – 31st March 2020

In case of any clarification, please contact the Board of Studies, Telephone Nos. 0120-3045914/931; email: [email protected][email protected]

Procurement of CA Scholarship Application Form

The CA Scholarship Application Forms to apply for Scholarship in the prescribed formats (Form No. 3 & 4) and Form No. 2 to claim further installments can be downloaded from the website of the ICAI or you can download them below.

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

Scholarship for CA Students 2019

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

Scholarships for CA Students @ Rs 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 Rs. 1,00,000/-
150Students of Final Course whose parents/ guardians total annual income does not exceed Rs. 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 the 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 for CA Students

Merit Scholarships 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 Rs. 2000/- p.m.

Rank holders of Intermediate (IPC) registered for Final Course will get Scholarship for a maximum period of 30 months/ remaining periods of their Article ship whichever, is less. That means, the Merit Scholarship shall be awarded to only those students who are not yet completed their Article ship training.

Scholarship for CA Students – Merit Based

Rank holders (other than covered under Merit category) of Intermediate (IPC) Nov 2016 Exam whose parents/guardians total annual income does not exceed Rs.1,50,000/- are eligible for this 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 periods of article ship whichever is less on being registered for Final Course. A total of 30 scholarships is awarded every year under this category.

Need-Based and Weaker Sections CA Scholarship

Scholarship for CA Students: Students of Intermediate and Final Course are eligible to apply for the 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 the scholarship will be granted Rs 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 scholarships (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 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.

While selecting the Scholarship for CA Students, the performance of their CA CPT/ Graduation Examinations/ Intermediate (IPC) 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.

In case of any clarification about the ICAI Scholarship for CA Students 2019 (Merit & Need-based Scholarships) please contact the Board of Studies, Telephone Nos. 0120-3045914/931; email: [email protected][email protected]