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Institute of Chartered Accountants of India

Applications are taken at any time (rolling) — the official page gives no last date (bosactivities.icai.org, checked 3 Oct 2026). ICAI's scholarship flyer says students can apply online at any time on its Self Service Portal (eservices.icai.org). Its scholarship FAQ (last updated 15 May 2026) says applications are selected each quarter: those received from 1 Oct to 31 Dec are granted in January. Source: bosactivities.icai.org ↗

ICAI's published scholarship for CA aspirants. Covers Foundation through Final. Modest monthly stipend over 1-2 years.

Amount

₹1,500-₹5,000 a month by level: Foundation ₹1,500 (4 months); Intermediate ₹2,500 (8 months, up to 14); Final, during articleship, ₹2,500, or ₹4,000 for Intermediate ranks 11-50, or a ₹5,000 merit award for ranks 1-10 (up to 24 months)

Level

Undergraduate, Postgraduate

State

National (all India)

Usual window

Any time of the year (ICAI selects applications each quarter)

Eligibility

Students registered with ICAI for the CA Foundation, Intermediate or Final course (Final students must have started articleship). The needs-based scholarships ask that parents' income be no more than ₹5 lakh a year, certified by a practising chartered accountant (Foundation and Intermediate) or the articleship principal (Final). The ₹5,000-a-month merit award, for Intermediate rank holders 1 to 10 who have registered for Final and started articleship, lists no income condition. ICAI's flyer says an announcement on a revised scheme will be published on its Self-Service Portal shortly.

Questions

Who is eligible for ICAI Merit + Merit-cum-Need Scholarships?

Students registered with ICAI for the CA Foundation, Intermediate or Final course (Final students must have started articleship). The needs-based scholarships ask that parents' income be no more than ₹5 lakh a year, certified by a practising chartered accountant (Foundation and Intermediate) or the articleship principal (Final). The ₹5,000-a-month merit award, for Intermediate rank holders 1 to 10 who have registered for Final and started articleship, lists no income condition. ICAI's flyer says an announcement on a revised scheme will be published on its Self-Service Portal shortly.

How much does ICAI Merit + Merit-cum-Need Scholarships pay?

₹1,500-₹5,000 a month by level: Foundation ₹1,500 (4 months); Intermediate ₹2,500 (8 months, up to 14); Final, during articleship, ₹2,500, or ₹4,000 for Intermediate ranks 11-50, or a ₹5,000 merit award for ranks 1-10 (up to 24 months)

How do I apply for ICAI Merit + Merit-cum-Need Scholarships?

Apply on the awarding body's official portal: https://www.icai.org/ — Shishya does not collect applications. Applications are taken at any time (rolling) — the official page gives no last date (bosactivities.icai.org, checked 3 Oct 2026). ICAI's scholarship flyer says students can apply online at any time on its Self Service Portal (eservices.icai.org). Its scholarship FAQ (last updated 15 May 2026) says applications are selected each quarter: those received from 1 Oct to 31 Dec are granted in January.

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