ICAI Sholorship 2015 for CA CPT IPCC Final Students

The Managing Committee of the S.Vaidyanath Aiyar Memorial Fund have decided to award scholarships to 100 students (who are currently undergoing articled training in accordance with The Chartered Accountants Regulations, 1988 and are poor, needy but meritorious) requiring scholarship to pursue the Chartered Accountancy course @ Rs. 1000/- p.m. for one year with effect from 1st April, 2013 to 31st March, 2014 to be paid in lump sum, subject to filing of application for the same.

The eligibility criteria for obtaining scholarship from SVAMF are as under:

i) Passed 10 + 2 examination with a minimum of 70 percent marks and also have Passed Common Proficiency Test of ICAI in the first attempt

or

Passed B.Com Examination of a recognized University with a minimum of 60% marks.

ii) Currently undergoing articled training as per CA Regulations.

iii) Annual income of parents from all sources must be less than Rs. 1.50 lakh.

Students who are needy, poor but meritorious and are fulfilling the above criteria may apply for scholarship from the S.Vaidyanath Aiyar Memorial Fund. Students may send their request in the prescribed and duly filled Form to the Member Secretary, S.Vaidyanath Aiyar Memorial Fund at the following address so as to reach on or before 30th April, 2014. The form can be downloaded from website of the Institute www.icai.org.

The Managing Committee of the S.Vaidyanath Aiyar Memorial Fund will consider each of such cases on merit basis and decide at their discretion the amount to be granted from S.Vaidyanath Aiyar Memorial Fund.

Download Application Form for Scholarship

Member Secretary
S.Vaidyanath Aiyar Memorial Fund
C/ O The Institute of Chartered Accountants of India,
“ICAI Bhawan”,Indraprastha Marg, 
New Delhi-110002
website www.icai.org email : cabf@icai

BOARD OF STUDIES
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (ICAI)

Scholarship Scheme/Program

The Board of Studies awards various Scholarships to students, namely, Merit, Merit-cumNeed 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. The details of scholarships and the criteria applied for selection of applicants are as under:

1. 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 respective Merit lists of Common Proficiency Examinations, held in June/December, PCC/IPCC Examination held in May/November every year are selected for award of Merit Scholarship @ Rs.1500/- and Rs.2000/- per month respectively. Rank holders of Common Proficiency Examination (CPE) who have registered for PCC/IPCC (PCC/IPCC Students) will get Scholarship for a period of 18 months while the Rank holders of PCC/IPCC (Final Students) will get for a maximum period of 30 months/remaining period of their articleship.

2. 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 Common Proficiency Examination/PCC/IPCC and their parents total  income should not be 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 18 months to rank holders of CPT who have registered for IPCC and for a maximum period of 30 months/remaining period of articleship to rank holders of PCC/IPCC who have registered for articleships. Total 60 scholarships are awarded every year under this category.

Need-based and weaker sections Scholarship: 

Students of PCC/IPCC 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 PCC/IPCC students and for a maximum period of 30 months/remaining period of articleship to Final students. Total 200 scholarships are  awarded every year under this category. Two scholarships are reserved every year for physically handicapped students.

3. The payment of scholarship is liable to be discontinued in case the recipient does not
pass the PE-II/PCC/ IPCC/Final Examination in the first two eligible chances. 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 gazetted officer or a member of the Institute.