ICAI as we know is the The Institute of Chartered Accountants of India set up by an act of parliament. ICAI is established under the Chartered Accountants Act, 1949.
The Institute is responsible for producing finance experts and tax experts who handle and manages various businesses. In our earlier post’s we have seen what are various measures taken by ICAI to help it’s members now let’s see what it is doing to help the students of ICAI.
ICAI runs a scholarship for the students who come from very humble background so that they can easily afford the study material and other expenses to give exam and become a Chartered Accountant as well as for students who are scholars to encourage them.
There are 4 categories of scholarship available with ICAI which are as under:
1. Need Based for economically weaker intermediate students:
Scholarship amount: Rs. 1500 per month.
Eligibility criteria: Students who are registered for intermediate course by any mode and Income of parents should not be more than Rs. 3 lakh per annum.
Period of scholarship: 9 months commencing from the following month of registration. Additional 3 months if student has completed Orientation course and IT within first 9 months of registration. Additional 3 months if student has passed any one group in intermediate Examination within 12 months of registration for intermediate course.
2. Need Based for economically weaker Final students:
Scholarship amount: Rs. 1500 per month.
Eligibility criteria: Students who are registered for final course and Income of parents should not be more than Rs. 3 lakh per annum.
Period of scholarship: 30 months or remaining period of articleship, whichever is less.
3. Merit cum Need Based scholarship:
Scholarship amount: Rs. 2000 per month.
Eligibility criteria: Rank holders of intermediate examination other than those covered under merit scholarship. Students must register for final examination before making application and Income of parents should not be more than Rs. 3 lakh per annum.
Period of scholarship: 30 months or remaining period of articleship, whichever is less.
4. Merit Scholarship:
Scholarship amount: Rs. 2500 per month.
Eligibility criteria: Rank holders of intermediate examination whose name appear at SI. No. 1 to 10 and in case the rank at SI. No. 10 continues further then all such rank holders. Students must register for final examination before making application.
Period of scholarship: 30 months or remaining period of articleship, whichever is less.
The Students can apply online by registering on SSP portal of ICAI i.e. https://eservices.icai.org/
To know more about the scholarship CLICK HERE or CLICK HERE.
