If you are starting your Chartered Accountant journey and are already having stressful thoughts about the fees, coaching and study material costs, then here is something that can ACTUALLY help you; The ICAI Scholarship 2025.
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Yes, the Institute of Chartered Accountants of India (ICAI), provides annual scholarships to applicants who are sincere, financially weak, and genuinely interested in completing the CA course.Let’s cover what the scholarship is, who is eligible to apply, and how to apply.
🤔 What is ICAI Scholarship?
The ICAI Scholarship is a financial support scheme offered by the Institute of Chartered Accountants of India to help students from low-income families pursue the CA course.
There are two main types of scholarships:
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Need-Based Scholarship – for students who are not financially well-off
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Merit-Cum-Need Based Scholarship – for brilliant students who also need financial support
These scholarships are mainly for students registered under Intermediate and Final levels of CA.
✅ Who Can Apply for ICAI Scholarship 2025?
You’re eligible if:
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You’re registered under Intermediate or Final course at ICAI
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Your parental income is less than ₹3,00,000 per year
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You’ve passed earlier CA levels (like Foundation)
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You’re not already receiving help from other scholarships or funds
Also, candidates pursuing articleship under a CA firm can apply too — that’s where this scholarship is really useful.
💰 How Much Do You Get?
The scholarship amount is modest but helpful:
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₹1,500 per month for Intermediate level
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₹2,000 per month for Final level students
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₹1,000–₹1,500 per month for Article Assistants (based on location)
The amount is usually disbursed for 6–18 months, depending on course stage and performance.
📅 ICAI Scholarship 2025 Last Date
As per ICAI’s yearly cycle, scholarship applications are accepted twice a year:
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First cycle: Apply by 31st March 2025
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Second cycle: Apply by 30th September 2025
So you basically get two chances in a year — don’t miss both!
📝 How to Apply for ICAI Scholarship?
Here’s the step-by-step process:
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Visit 👉 https://www.icai.org
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Go to Students > Scholarship Section
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Download the application form (PDF)
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Fill it manually with correct details
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Attach all required documents
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Send the application to:
The Secretary, Students’ Scholarship Scheme, ICAI Bhawan, New Delhi – 110002
Yeah, it’s offline — a little old school, but still worth the effort.
📋 Documents You’ll Need
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Handwritten application form
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Income certificate of parent/guardian
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Marksheet / CA result copy
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Registration proof for Intermediate or Final
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Article registration letter (if applicable)
Make sure everything is clear and signed. Incomplete forms can get rejected.
💡 Friendly Tips
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Write your ICAI registration number clearly
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Mention your bank details for faster disbursement
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Use speed post or registered courier when sending documents
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If unsure, call ICAI regional office or check announcements on the official website
Final Thoughts
Being a CA student is no joke — it’s challenging, it’s costly, and honestly, sometimes a bit stressful too. So if ICAI is giving you a chance to cut down a bit of that financial pressure, why not take it?
Fill the form, send it off, and if selected — let that scholarship support your journey to becoming a CA. Every bit of help counts!
Frequently Asked Questions (FAQ) – ICAI Scholarship
1. When does ICAI notify eligible scholarship applicants regarding the selection and grant of scholarships?
Answer:
The Selection/Grant of Scholarship will be done on a Quarterly basis as under:
| Sl. No. | Date of Receipt of Applications | Grant Processed Quarterly on |
|---|---|---|
| 1 | 16th December to 15th March | April |
| 2 | 16th March to 15th June | July |
| 3 | 16th June to 15th September | October |
| 4 | 16th September to 15th December | January |
2. Is income eligibility criteria and a one-time recommendation required on the Self Service Portal (SSP)?
Answer:
Yes, it is a one-time process. The scholarship application of students will only be considered complete when the Income and recommendation certificate is approved by members on the Self Service Portal (SSP) as applicable in the following cases:
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Case I: Students currently undergoing Articleship must obtain the Income Certificate and recommendation from the Principal under whom they are undergoing Articleship.
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Case II: Students who have not yet started Articleship must obtain the Income Certificate and recommendation from any Member of ICAI (Chartered Accountant).
3. When is the conduct and attendance certificate required in the portal for the release of instalments?
Answer:
Following the selection and release of the first instalment of the Scholarship, the conduct and attendance certificate is required in the portal for the release of subsequent instalments as outlined below:
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i Students currently undergoing Articleship must provide a Conduct Certificate and Attendance Certificate bi-annually, specifically in April and October, from the Principal under whom they are undergoing Articleship for the release of the next instalment of the Scholarship.
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ii Students who have not yet commenced Articleship must provide a Conduct Certificate bi-annually, specifically in April and October, from any Chartered Accountant for the release of the next instalment of the Scholarship.
4. When will students receive the scholarship instalments in their bank account?
Answer:
Scholarship instalments will be disbursed to the student on a quarterly basis, subject to the following conditions:
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i The student’s eligibility will be verified quarterly.
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ii Conduct and attendance certificates are required semi-annually on the self-service portal.
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iii The student must ensure that an active bank account number, along with the bank IFSC code, is correctly provided on the self-service portal.