ICAI creates 100 Cr Rupees for Scholarship to CA Students

icai - Scholarship - CA students - Taxscan

The Institute of Chartered Accountants of India ( ICAI ) has created the 100crores rupees for Scholarship to CA students.

The Institute of Chartered Accountants of India (ICAI) is a statutory body set up in 1949 by an Act of Parliament to regulate the Profession of Chartered Accountancy in India. Created through legislative fiat, ICAI continues its steadfast march to uphold the virtues of accountability, integrity, and transparency in every sphere of the country’s economic system.

Taking forward its mission of inclusive growth & empowering students, ICAI is taking various initiatives for the overall development of its students by helping them to strengthen their knowledge and molding them as world-class professionals.

ICAI believes in focussing to strengthen the presence of the students so that the future of the students pursuing Chartered Accountancy Course is bright. In this context, a Corpus fund of Rs.100 crore has been created and earmarked by ICAI to provide scholarships for the students who are pursuing the Chartered Accountancy Course and increase the beneficiaries gradually.

CA. Atul Kumar President, ICAI said “The corpus fund will be used for granting recurring Scholarships to the students in different categories namely -Merit, Merit -cum- Need-based, Need-based and Weaker Sections.  This will enable students to have a bright future and pursue their dreams.”

The Institute has been rigorously working and has taken many path-breaking initiatives aimed towards the Social Empowerment of young professionals by providing professional education opportunities to students hailing from every stratum of society, at an economical cost.

President, ICAI further added “ In the recent past, ICAI had taken a major decision to waive off 75% fee for the students registering from the newly formed Union Territories of Jammu & Kashmir, Ladakh and also from 8 North-Eastern States, for all level of CA Course i.e. Foundation, Intermediate, and Final. The decision was a step forward towards encouraging the young aspirants who wish to pursue their dream of becoming a Chartered Accountant and serve the nation with their capabilities and knowledge.”

Chartered Accountancy Course offers numerous Professional opportunities in Industry apart from the option to start one’s own practice. Chartered Accountants are getting an average starting salary of 8.5 Lakh p.a. despite it being one of the most economical courses globally. ICAI always endeavors’ to make the course accessible to the interested candidates at their doorstep and thus empower the youth through skill development and equip them to be a part of the mainstream/economy. ICAI, being a Regulator of the CA profession in India, always encourages the young aspirants who wish to pursue their dream of becoming a Chartered Accountant and serve the nation with their capabilities and knowledge.