ICAI Scholarship Last Date 2025
Students eligible for ICAI Scholarship must be familiar with the application dates. Mentioned below are the important details regarding ICAI Scholarship applications.
ICAI Scholarship Application Timeline 2025
| Activity | Timeline / Status |
| Application Window | Open throughout the year |
| Application Mode | Online via ICAI Self-Service Portal (SSP) |
| Verification Timeline | Begins immediately after submission |
| Scholarship Disbursement | Released to Student Account after selection process |
ICAI Scholarship Eligibility Criteria 2025
Here’s a detailed list of the eligibility criteria for the ICAI Scholarship. Interested students must adhere to the pointers mentioned below, for only then will they be considered eligible for this program.
Eligibility Criteria for ICAI Scholarship 2025
| Scholarship Name | Eligibility Criteria |
| Merit Award (For Final Course Students) | Rank holders of intermediate examinations up to 10th rank. Students must register for final course and begin their articleship |
| Economy Needy – Merit Based (For Final Course Students) | Intermediate rank holders (11th to 50th rank) who are registered for the final course and have commenced articleship + parents annual income must not exceed ₹5,00,000 |
| Economy Needy – Final Course Students | Students registered for the final course who have commenced their articleship + annual family income less than ₹5,00,000 |
| Economy Needy – Intermediate Students | Students registered for the intermediate course (Foundation or Direct Entry Route). + parents annual income must not exceed ₹5,00,000 |
| Economy Needy – Foundation Course Students | Students enrolled in the foundation course + parents annual income must not exceed ₹5,00,000 |
ICAI Scholarship Amount 2025
The scheme offers multiple categories of scholarships based on course level, merit, and parental income. Here is the breakdown of ICAI Scholarship amount on the basis of category.
ICAI Scholarship Rewards and Timeframe
| Scholarship Category | Amount | Period of Scholarship |
| Merit Award (For Final Course Students) | ₹5,000 per month | 24 months or remaining period of articleship (whichever is less) |
| Economy Needy – Merit Based (For Final Course Students) | ₹4,000 per month | 24 months or remaining period of articleship (whichever is less) |
| Economy Needy – Final Course Students | ₹2,500 per month | 24 months or remaining period of articleship (whichever is less) |
| Economy Needy – Intermediate Students | ₹2,500 per month | 8 months + additional 3 months (ICITSS completion) + additional 3 months (passing one group) |
| Economy Needy – Foundation Course Students | ₹1,500 per month | 4 months commencing from the following month of registration for the Foundation Course |
ICAI Scholarship 2025: Documents Required
To apply for ICAI Scholarship, students need to submit the following documents:
- Personal bank account number and IFSC code
- Cancelled cheque
- Financial detail
- Income proof upload
- CA details
ICAI SCHOLARSHIP- Application Process
Here’s a step-by-step guide for applying for the ICAI Scholarship including the documents required. Take a look –
Step 2: Select the scholarship application form (found under Student Functions).
Step 3: Check the information that is auto-filled in the form. If corrections are needed, follow the process for updated information.
Step 4: Click to submit the form. A mail will be sent to the student and the verifier (Principal/Practicing CA) after submission.
ICAI SCHOLARSHIP: Verification Process
The ICAI Scholarship verification is a crucial, one-time step on the SSP focused solely on formally approving the Parental Income Certificate.
Income Certificate Approval (One-Time Process)
2. For Intermediate / Foundation Students (other students)
- The verification is done by a practicing chartered accountant.
- The CA will formally review and approve the Annual Parents Income Certificate on the SSP.
3. For Final Students (Undergoing Articleship)
- The verification is done by the principal under whom they are undergoing articleship.
- The principal will formally review and approve the Annual Parents Income Certificate on the SSP.
Requirements for Subsequent Instalments
1. A conduct certificate must be provided for the release of subsequent scholarship instalments.
2. This certificate is required bi-annually (in April and October).
3. Source of Conduct Certificate:
- For Articleship Students: The certificate is obtained from the principal.
- For Other Students (Intermediate/Foundation): The certificate is obtained from a chartered accountant.
Frequently Asked Questions
Who can apply for ICAI Scholarship?
The ICAI Scholarship is open to all students registered in the chartered accountancy course at the foundation, intermediate, or final level. Eligibility often depends on either merit (intermediate rank holders) or financial need (parents' annual income not exceeding ₹5,00,000).
How can students apply for ICAI Scholarship?
Students can apply for the ICAI Scholarship online anytime by logging into the Self Service Portal (SSP). The application can only be submitted through online mode.
What is the last date to apply for ICAI Scholarship?
The ICAI Scholarship scheme does not have a single fixed last date. The scholarship application window remains open throughout the year.
What is the income limit for availing ICAI Scholarship?
The income limit for availing the need-based ICAI scholarships requires that parents' annual income must not exceed ₹5,00,000 per annum. This applies to all economically needy scholarship categories.