ICAI to provide scholarships to CA students from 100 crore corpus fund | ICAI News
The scholarships will be offered in different categories including merit, merit-cum-need based
and economically weaker section
To strengthen the future of the students pursuing chartered accountancy courses and help more students enter the field, the Institute of Chartered Accountancy of India (ICAI) has created a corpus fund of Rs 100 crore has been earmarked to provide scholarships for the students who are pursuing CA and increase the beneficiaries gradually.
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 economically weaker sections. This will enable students to have a bright future and pursue their dreams.”
He added, “In the recent past, ICAI had decided to waive off 75% fee for the students registering from the newly formed Union Territories of Jammu & Kashmir, Ladakh and also from 8 northeastern 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.”
CA course offers numerous Professional opportunities in the industry apart from the option to start one’s practice. Chartered accountants earn an average starting salary of 8.5 lakh per annum. The 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.