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Scholarships for Commerce Students

Scholarships for Commerce Students – All You Need to Know

by Shruti Pandey

Scholarships for commerce students act as a boon for those meritorious and deserving students who face difficulty in managing funds for their education. Considered to be a crucial component of any business, commerce studies are also a much sought-after alternative for students in India. It has a widespread reach worldwide. Some of the most prominent degree courses related to commerce stream include B.Com., M.Com., CA, CS and more. There are various institutions and organisations that offer scholarships for commerce students to provide them with suitable financial aid in the pursuit of their dreams.Scholarship Registration, Find New Scholarship

How many scholarships are available for commerce students? When and how can the students apply for these scholarships? Where can the students apply for them? What kind of financial assistance is given to students through these scholarships? Find an answer to all these questions in detail in this article. It acquaints you with every significant information such as the complete list of commerce scholarships, their eligibility, application process and award details.

Scholarships for Commerce Students – The Complete List

Students can find a number of scholarships to pursue their studies in the commerce stream in India, as well as abroad. Both Indian and international institutions offer scholarships for commerce students to help them achieve greater heights in this stream without any financial constraint. Some of the most popular scholarships for commerce students are mentioned in the table given below along with their tentative application timeline and provider details.

Detailed List of Scholarships for Commerce Students

S.No. Name of the Scholarship Provider Name Application Timeline*
1. Sarla Devi Scholarship Dharampal Satyapal Charitable Trust Between March and April
2. CLP India Scholarship Scheme CLP India Between March and April
3. Azim Premji University Undergraduate Scholarship Azim Premji University Between February and April
4. Ranker Scholar Aptitude Test (RSAT) Rankers Learning Between February and March
5. Post Matric OBC Scholarship for CA/CMA/CS, Kerala Backward Classes Development Department, Government of Kerala Between January and February
6. IIM Calcutta Fellow Program Indian Institute of Management, Calcutta Between November and January
7. IIM Ahmedabad Fellow Programme in Management Indian Institute of Management, Ahmedabad Between October and January
8. South Indian Bank (SIB) Scholarship Scheme South Indian Bank Ltd. Between November and December
9. Commerce Ka Arjun Scholarship Program Vidya Sagar Institute Between November and December
10. ICAI Commerce Wizard Career Counselling Group (CCG), Institute of Chartered Accountants of India (ICAI) Between November and December
11. Fair and Lovely Foundation Scholarship Hindustan Unilever Limited Between October and November

*The application timeline mentioned above is tentative and may change on the discretion of the scholarship provider.Scholarship Registration, Get Scholarship Update

Scholarships for Commerce Students – Eligibility Conditions

Each scholarship for commerce students comes with a certain set of eligibility conditions that each student has to fulfil. These conditions are generally based on a student’s academic qualifications and financial need. At times, some scholarships are region-specific as well. Get to know the detailed eligibility criteria of all scholarships for commerce students in the table hereunder. You can also find the regions for which these scholarships are applicable.

Detailed Eligibility of Scholarships for Commerce Students

S.No. Scholarship Name Region Eligibility Criteria
1. Sarla Devi Scholarship Haryana, Rajasthan, Uttar Pradesh, Delhi
  • The students belonging to regions like Haryana, Rajasthan, Uttar Pradesh and Delhi are eligible for the scholarship.
  • They must be pursuing courses in Science, Commerce, Arts and Vocational streams.
  • For students pursuing courses like MBBS, Engineering or Nursing from a reputed college, they must secure at least 75% marks in class 12 with PCB/PCM/PCMB streams).
  • For students pursuing courses in streams like law, psychology or mass communication, they must secure at least 75% marks in class 12.
  • For students aspiring to pursue CA/CS course, they must secure at least 80% marks in class 12.
  • Students who are dropouts and aspire to pursue vocational courses are also eligible.
  • The annual income of the family should be less than INR 4.5 Lakh.
2. CLP India Scholarship Scheme Rajasthan, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh, Tamil Nadu
  • The scholarship is open for students who have secured admission in class 10, 11, 12, Diploma, ITI, Vocational training, Graduation or Postgraduation courses.
  • The scheme is only limited to community catchment regions around CLP India RE Assets like Rajasthan, Maharashtra, Telangana, Gujarat, Tamil Nadu, Madhya Pradesh and Karnataka.
  • The applicants need to secure at least 50% marks in the previous examination.
  • The family of the applicant must not own any LED TV, air-condition or a four-wheeler.
3. Azim Premji University Undergraduate Scholarship All India
  • The students who have passed their class 12 examination with at least 50% marks and are willing to pursue an undergraduate degree course in any stream are eligible to apply.
  • The age of the applicant should be less than 19 years.
  • The annual income of the family should be less than INR 12 Lakh.
4. Ranker Scholar Aptitude Test (RSAT) All India
  • The scholarship is open for students who have passed/appearing for class 12/undergraduate degree examination can apply for this scholarship.
  • They must be willing to pursue an undergraduate/postgraduate degree course in following streams –
    • Arts, Commerce and Business Management
    • Engineering and Technology
    • Business Management
    • Agriculture, Science & Paramedical
5. Post Matric OBC Scholarship for CA/CMA/CS, Kerala Kerala
  • The students pursuing a CA/CMS/CS course eligible for this scholarship.
  • They must belong to OBC category and be studying at postgraduation level.
  • The annual income of the family should be less than INR 1.5 Lakh.
6. IIM Calcutta Fellow Program All India
  • The students having any of the following qualifications can apply for this fellowship –
    • Master’s degree with first class
    • CA with at least 50% marks
    • CA/CMA with at least 55% marks
    • 3-years bachelor’s degree with minimum of 50% marks
    • Bachelor’s degree in Engineering with first class
  • The minimum percentage of marks to be obtained by them in the Secondary/Higher Secondary Examination should be 50% in aggregate.
  • They must be willing to pursue a doctoral level of study in one of the following specializations –
    • Human Resource Management
    • Economics
    • Management Information Systems
    • Finance and Control
    • Marketing
    • Organisational Behaviour
    • Operations Management
    • Regional Development
    • Public Policy and Management
    • Strategic Management
    • Sociology
7. IIM Ahmedabad Fellow Programme in Management All India
  • The fellowship is open for students who have any of the following qualifications –
    • Master’s degree with at least 55% marks and at least 50% marks in graduation
    • 5-year or 4-year integrated degree with minimum 55% marks
    • 4-year bachelor’s degree with at least 60% marks
    • CA/CS/ICWA with at least 55% marks
  • The students must have taken the CAT examination or GMAT/GRE/UGC-JRF/GATE.
8. South Indian Bank (SIB) Scholarship Scheme Kerala
  • The students who have passed class 12 examination from Government Higher Secondary School in Kerala can apply for this scholarship.
  • They must have scored at least 85% marks previous academic years.
  • The annual income of the family should be less than INR 1 Lakh.
  • They must be enrolled in an undergraduate degree programme in Kerala.
9. Commerce Ka Arjun Scholarship Program Rajasthan
  • The scholarship program is applicable only for the students who are a domicile of Rajasthan state.
  • They must be studying in class 12 with commerce.
  • The entries are applicable under two schemes that involve class 12 students with Accounts & Mathematics and class 12 students with Accounts & other subjects.
10. ICAI Commerce Wizard All India
  • This test is applicable for students of class 9 to 12, B.Com., BBA, BMS and allied courses.
11. Fair and Lovely Foundation Scholarship All India
  • This scholarship is exclusively available for girl students of age group 15 years to 30 years.
  • They must be willing to pursue an undergraduate or postgraduate course from a government-recognised institution in India.
  • They must have passed class 12 in Science, Commerce, Arts or any other stream.
  • The minimum percentage of marks to be obtained by them in class 10 and 12 is 60%.
  • The annual income of the family should be less than INR 6 Lakh per annum.
Also Read: LAW SCHOLARSHIP – ALL YOU NEED TO KNOW

Scholarship Registration, Scholarship Status, Find New Scholarship

Scholarships for Commerce Students – Application Process

Once the students are aware of the application timeline and the eligibility conditions of scholarships for commerce students, they can proceed further to apply for them as specified. While most of the scholarships invite online applications, there are some scholarships that prefer the offline mode of applications. Know how and where a student can apply for these scholarships in detail in the table given below. If you find yourself eligible for any of these scholarships, do apply for them as specified in the timeline mentioned above.

Application Procedure of Scholarships for Commerce Students

S.No. Scholarship Name How to Apply?
1. Sarla Devi Scholarship Apply online through Buddy4Study portal.
2. CLP India Scholarship Scheme Apply online through Buddy4Study portal.
3. Azim Premji University Undergraduate Scholarship Apply online through the official website of Azim Premji University.
4. Ranker Scholar Aptitude Test (RSAT) Apply online through the official website of RSAT.
5. Post Matric OBC Scholarship for CA/CMA/CS, Kerala Apply offline by sending the scholarship application to the below-given address –

Regional Deputy Director

Backward Classes Development Department

Civil Station

Kozhikode – 673020

6. IIM Calcutta Fellow Program Apply online through the official website of IIM Calcutta.
7. IIM Ahmedabad Fellow Programme in Management Apply online through the official website of IIM Ahmedabad
8. South Indian Bank (SIB) Scholarship Scheme Apply online through the official website of South Indian Bank.
9. Commerce Ka Arjun Scholarship Program Apply online through the official website of Vidya Sagar Institute.
10. ICAI Commerce Wizard Apply online through the official notification of the test.
11. Fair and Lovely Foundation Scholarship Apply online through Buddy4Study portal.

Scholarship Registration, Get Scholarship Update

Scholarship for Commerce Students – Rewards

The amount of financial assistance rendered through scholarships for commerce students varies from scholarship to scholarship. While some of the scholarships offer financial aid in the form of the fee waiver, some offer cash awards to the students. Want to know what each scholarship holds for you? Refer to the table given below. It provides detailed information about rewards covered under each scheme.

Award Details of Scholarships for Commerce Students

S.No. Scholarship Name Award Details
1. Sarla Devi Scholarship
  • 14 students from Science stream receive INR 75,000 each
  • 50 students from Arts stream receive INR 20,000 each
  • 40 students from Commerce stream receive INR 25,000 each
  • 65 students from Vocational courses receive INR 15,000 each
2. CLP India Scholarship Scheme
  • The students of class 10, 11 and 12 receive up to INR 6,000 in one instalment.
  • The students of vocational, graduation and postgraduation courses receive up to INR 18,000 in two instalments of INR 9,000 each.
3. Azim Premji University Undergraduate Scholarship
  • Variable financial assistance is given to students on the basis of their financial status that may include –
  • Full tuition fee waiver, food and accommodation charges
  • Full or partial tuition fee and accommodation charge waiver
  • Partial tuition fee waiver
  • 100% tuition fee waiver for the fourth year
4. Ranker Scholar Aptitude Test (RSAT)
  • Cash awards, gifts and prizes
5. Post Matric OBC Scholarship for CA/CMA/CS, Kerala
  • Full or partial refund of the fees paid for the course
6. IIM Calcutta Fellow Program
  • Monthly stipend of INR 30,000 to INR 35,000
  • Annual contingency grant of up to INR 65,000 for first year of study and up to INR 25,000 for subsequent years.
  • Extra fund of up to INR 50,000 for field research
  • Other benefits
7. IIM Ahmedabad Fellow Programme in Management
  • Coverage of academic expenses like computer, library, tuition, alumni, placement and medical insurance.
  • Subsistence allowance of up to INR 39,300 per month
  • Contingency allowance of INR 25,000 per annum to cover the expenses of research, photocopy, books, etc.
  • An additional amount of up to INR 1,75,000 for international workshops, conferences/summer school.
  • Accommodation (if available)
8. South Indian Bank (SIB) Scholarship Scheme
  • Reimbursement of 100% tuition fees
  • Monthly allowance of INR 4,000 towards subsistence/hostel cost.
9. Commerce Ka Arjun Scholarship Program
  • Total 100 students are selected who receive Certificate, Trophy and Scholarship of up to 80%
  • The first prize winner gets INR 31,000
  • The second prize winner gets INR 21,000
  • The third prize winner gets INR 11,000
10. ICAI Commerce Wizard
  • For level 1 –
    • All participants receive participation certificates
  • For level 2 –
    • The first prize winner receives INR 1,00,000
    • The second prize winner received INR 50,000
    • Top 500 performers receive a consolation prize of INR 500 and appreciation certificate
    • Participation certificate to all participants
  • 75 meritorious scholarships will be given to the wards of Indian Army, Indian Navy, Indian Air Force, Para Military Forces and Railway employees
11. Fair and Lovely Foundation Scholarship
  • One-time scholarship of INR 25,000 to INR 50,000 per student
Also Read: MBA SCHOLARSHIP – THE COMPLETE LIST, ELIGIBILITY, APPLICATION PROCESS, AWARD DETAILS

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