In a major relief to students preparing for Chartered Accountants exam, the Institute of Chartered Accountants of India ( ICAI ) is providing stipend to CA Final/ Intermediate Students undergoing Articleships.
The Board of Trustees has decided to provide financial assistance of Rs. 1500/- p.m, for articled assistants who are registered for Intermediate (IPC)/IPCC course and Rs. 2000/- P.M. for those students registered for final course and are currently undergoing articled/industrial training in accordance with The Chartered Accountants Regulations, 1988 and are poor, needy but meritorious to pursue the Chartered Accountancy course for one year with effect from 1st April, 2017 to 31st March, 2018 to be paid in lump sum, subject to filing of required application.
The eligibility criteria for obtaining financial assistance from CASBF are as under:
- Annual income of parents from all sources must be less than Rs. 1.80 Lakh
- Currently undergoing articled/industrial training as per C.A.Regulation, 1988
Students who are fulfilling the above criteria may apply for financial assistance from Chartered Accountants Students Benevolent Fund. Students may send their request in the prescribed Application form, duly filled in to the Member Secretary, Chartered Accountants Students Benevolent Fund at the following address so as to reach on or before 31st March 2018. The form can be downloaded from website of the Institute i.e. www.icai.org.
The Board of Trustees will consider each of such cases on merit basis and decide at their discretion on the amount to be granted from Chartered Accountants Students Benevolent Fund.