CA Scholarship 2020 – Financial Assistance for CA Students – Application, Due Date, Process

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CA Scholarship 2020: ICAI has announced a Scheme of Financial Assistance/Scholarship to Students of CA Course, Year 2019-20. Apply for Scholarship and check out the other details like Application, Due Date, Process for Financial Assistance scheme.

Scheme of Financial Assistance/Scholarship to Students of CA Course, Year 2019-20

Scholarship for CA Students 2020 - Application, Due Date, Process for Financial Assistance

CA Scholarship for CA Students 2020

The Board of Trustees of the Chartered Accountant Students Benevolent Fund (CASBF) has decided to provide financial assistance/scholarship for the amount of Rs. 1500/- PM, to students who are registered in CA Intermediate /IPCC course and serving articled training as well as the amount of Rs. 2000/- PM for those students registered in CA Final Course and serving of articled/industrial training on the date of application. Financial Assistance will be given in lump sum for the period of one-year i.e 01st April 2019 to 31st March 2020.

Needy, financially week but meritorious students perusing the Chartered Accountancy course may apply in the prescribed application form.

Scholarship Amount

Eligibility Criteria For CA Scholarship

The eligibility criteria for obtaining financial assistance from CASBF are as under:

  • Valid registration in CA course
  • Currently undergoing articled/industrial training as per C.A .Regulations, 1988
  • Annual income of parents from all sources must be less than Rs. 3.0. Lakh

Application Process for Financial Assistance to CA students

Students as above who are fulfilling the eligibility criteria may apply in the prescribed Application form, duly filled in and recommended by any of Central Council Member/Chairman/Vice-Chairman/Secretary of the Regional Council/Ex-President/Chairman/Vice-Chairman and Member-Secretary/Board of Trustees of CASBF and send to the Member Secretary, Chartered Accountants Students Benevolent Fund so as to reach at the following address latest by 15th December, 2019.

To,

Member Secretary
Chartered Accountants’ Students Benevolent Fund- (M&C-MSS Section)
C/o The Institute of Chartered Accountants of India,
ICAI Bhawan
A-29, Sector -62, Noida- 201309
Dist. Gautam Budh Nagar (U.P.)
Website: www.icai.org; email:[email protected]

The Board of Trustees will consider each case on merit basis and decide at their discretion on the selection of application and the amount to be granted from Chartered Accountants Students Benevolent Fund

Download Scholarship Application Form

Note: Last date to send Scholarship Application Form – 15th December 2019

ICAI CA Scholarship Scheme

The Board of Studies 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. The announcements are released in March & September issues of the Student’s Journal-“The Chartered Accountant Student” calling applications for awarding the scholarships and also hosted on the website of the Institute. The students are required to apply in prescribed CA Scholarship Application Form. The details of scholarships and the criteria applied for selection of applicants are as under:

1. Scholarships awarded

  • Merit Scholarship
  • Merit-cum-Need based Scholarship
  • Need-based and weaker sections Scholarship

2.Scholarships under Endowment Schemes

Merit Scholarship

Categories

For Final Students

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 of Intermediate (IPC)/ Intermediate Examinations.

Period of Scholarships (months)Amount

(p.m)

Merit

Scholarship

30 or remaining period            of

articleship whichever is less

Rs.2000/-
MERIT-CUM- NEED basedAll Students (other than covered under Merit Scholarship) whose names appear in the Merit list of Rank holders of the Intermediate (IPC)/ Intermediate Examinations30 or remaining period            of

articleship whichever is less

Rs.1500/-

NEED-BASED & WEAKER Sections Scholarships

CategoriesNo. of

Scholarships

For Intermediate (IPC)/ Intermediate StudentsFor Final Students
Period of

Scholarships

(months)

Amount

(p.m)

Period of Scholarships (months)Amount

(p.m)

NEED-BASED & WEAKER SECTIONS1000

(600 for Inter. 400 for Final)

18Rs.1250/-30 or remaining period          of

articleship whichever    is

less

Rs.1250/-
As per eligibility criteriaThe children undergoing Intermediate (IPC)/ Intermediate 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.

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)/ Intermediate Examination held in May/November every year are awarded Merit Scholarship of Rs. 2000/- per month. Rank holders of Intermediate (IPC)/ Intermediate 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.

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)/ Intermediate Examination and their parents total income is not be more than Rs.2,50,000/- * per annum are eligible to apply for award of Merit-cum-Need scholarship. The students who would be selected for award of scholarship 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.

Need-based and weaker sections Scholarship: Students of Intermediate (IPC)/ Intermediate and Final Course are eligible to apply for award of Need- based Scholarships provided their parents’ annual income is not more than Rs.2,00,000/-* 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)/ Intermediate studentsand for a maximum period of 30 months/remaining period of articleship whichever is less to Final students.

Total 1000 scholarships (600 for Intermediate (IPC)/ Intermediate) and 400 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.

  • Income Certificate is to be submitted in Form No. 4 for being eligible 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).

While selecting candidates the performance of their CPT/Foundation/ Graduation / Intermediate (IPC)/ Intermediate, 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)/ Intermediate 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 CA scholarship.

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

  1. 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.

Details of Scholarships awarded by the Institute from the Endowments received from the donors:

  1. a) Individual Donors (10 Lakhs & above):
Sl.

No

Name of the CA ScholarshipNumber and amount of scholarships
1.Sri Dhanraj Kanhaiyalal Dudheria Scholarship16 scholarships @ Rs.1250/- p.m. for Intermediate (IPC)/ Intermediate/ Final Course students of Karnataka State.
2.R.K. Khanna Memorial Scholarships Memorial Charitable Society6 scholarships @ Rs.1250/- p.m.
3.J.S Lodha Memorial6 scholarships @ Rs.1250/- p.m.
4.J.M. Sethia Charitable Trust Scholarships6 scholarships @ Rs.1250/- p.m.
5.BCCO Foundation Scholarships6 scholarships @ Rs.1250/- p.m.

b)Joint Corpus by following donors: 15 Scholarships @ Rs. 1250/-p.m

S.NoName of Donors
1.H.L. Khanna Memorial Fund sponsored by Mrs. Reva Khanna, N.Delhi
2.Joginder Singh & Amrik Kaur Memorial Fund sponsored by Rabinder Pal Singh, New York, U.S.A.
3.Satish Khanna Memorial Fund through Mrs. Reva Khanna, New Delhi
4.Shorilal Kapoor Memorial Fund from CA. S.S. Kapoor
5.Mrs. Bhagirathi Devi Shriniwasji Rathi Memorial Fund from M/s. Jugal S. Rathi, Pune.
6.Sourangshu Ghosh Memorial Scholarship from Mrs. Nabanita.
7.A.V.K. Vinod Jain Scholarships sponsored A.V.K. Charitable Trust,Delhi
8.Charles Lambert & Co., Scholarships (B. L Shah Memorial endowment fund) from Vidyut Harshit & Co., Mumbai
9.B.S. Vaid Memorial Scholarships, Scholarships from Ms. Sangeeta Vaid, New Delhi.
10.Bodapati Rajanna Endowment Scholarship from Ms. D.V.N.S. Satyavati, Chennai
11.Doha Chapter Scholarship Awarded by Doha Chapter of I.C.A.I.
12.Maliram and Jasoda Devi Chanani Scholarship sponsored by Madhu S. Chanani, Jwala P. Chanani, Sudha Chanani & Lata Chanani) Torrance, U.S.A.
13.Smt. Prakashwati Scholarships sponsored by Mr. A.K. Jain, New Delhi
14.Ram Kumar Endowment Fund Scholarships sponsored by Ram Kumar Charitable Trust, Muzaffrnagar
15.S. Vaish Memorial Scholarships from Judo Prasad Mool Chand Public Charitable Trust, Kanpur
16.Saradamba Visweswaraiya Scholarship from Mrs. V. Saradamba & Mr. B.S. Visweswareaiya, Bangalore
17.Shailesh Kapadia Memorial Scholarship from Shailesh Kapadia Memorial Trust, Mumbai
18.B. Rajanna (Sri Sarada Education Trust) Scholarship sponsored by Sri Sarada Education Trust, Chennai
19.V. Kumar Memorial Scholarship from Sh. K. Viswanathan, Chennai
20.Yogi Lajpatrai Sharma Scholarship from Yogi Sharma, Coto De Caza, U.S.A.
21.S.V. Ghatalia Foundation Scholarship

 

Procurement of Scholarship Application Form

The Application Forms to apply for CA Scholarship in the prescribed formats (Form No. 3 & 4) and Form No. 2 to claim further installments can be downloaded from the web site of the Institute (www.icai.org) at the link: http://220.227.161.86/20326scholarscheme.pdf ).

Submission of 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- 201 309, 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.

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