ICAI Scholarship 2025: Eligibility, Benefits, Monthly Rewards & Online Application Guide

The ICAI Scholarship 2025 initiated by the Institute of Chartered Accountants of India through its Board of Studies ( BoS) is a strong support system designed to ensure that financial constraints do not hinder the dreams of aspiring CAs. In a significant move, ICAI has recently expanded the scholarship corpus fivefold from ₹ 100 crore to ₹ 500 crore while also doubling the monthly rewards for many categories to keep pace with rising education costs.

About the ICAI scholarship 2025

The ICAI scholarship is a flagship scheme that provides monthly financial assistance to CA students based on merit and need who are enrolled in Foundation, intermediate and Final levels. The scheme now provides increased amounts (ranging from ₹ 15,00 to ₹ 3,000/-month) and higher parental income limits (up to ₹ 3 lakh ), all accessible through the ICAI portal. It is administered by the Institute of Chartered Accountants of India, one of the world’s largest accounting bodies, established under an Act of Parliament.

Also Read: Tata Capital Pankh Scholarship Program

Objective of ICAI Scholarship 2025

The primary goal of the ICAI Scholarship is mainly focused on inclusivity and excellence. The main aims include:

Financial Empowerment
- To bridge the gap for deserving candidates who belong to economically weaker sections ensuring that the cost of professional training does not lead them to drop out.
Rewarding Academic Excellence
- To recognise and incentivise high-ranking students ( top 10 rank holders) in the intermediate examination by giving them a “ Merit Award “ regardless of their financial status.
Promoting inclusivity
- To make the CA profession accessible to students from all strata of society, particularly supporting those from families with an annual income below ₹ 3,00,000.
Sustained support throughout the journey
- To provide end-to-end financial stability from the foundation stage up to the final stage ensuring students can focus solely on their rigorous studies and article ship without financial stress.
Expanding Reach
- By increasing the scholarship corpus from ₹ 100 crore to ₹ 500 crore, the aim is to serve a significantly larger pool of students and address the rising costs of education.
Integrity & Accountability
- To foster professional discipline by linking subsequent scholarship instalments to a conduct and Attendance certificate ensuring the funds go to serious and disciplined students.

Key Highlights of ICAI Scholarship 2025

Highlight	Details
Provider	Board of Studies ( BoS),ICAI
Target Audience	Foundation, Intermediate & Final for CA students
Annual Income Limit	Upto ₹ 3 lakh
Monthly Reward Range	₹1500-25,00
Scholarship corpus	Increased to ₹500 crore
Application window	Open throughout the year ( evaluated Quarterly)
Mode of Application	Online via SSP
Article Category	Scholarship

Eligibility Criteria

Eligibility is broadly divided into two paths: Merit & Economic Need

Merit award ( Top 10)
- Applicants must be among the top 10 rank holders in the intermediate examination and currently registered for the final course. No income limit applies to this category.
Merit cum Need ( Rank 11 to 50 )
- Students must secure a rank between 11th and 50th in the intermediate examination. Eligibility is restricted to students whose parental income does not exceed ₹ 3 lakh annually.
Need-based ( Intermediate / Final )
- Only for registered students whose family income is below ₹ 3 lakh per annum.
Foundation Need-based
- Specifically for newly registered Foundation students from the economically weaker section whose family income is less than ₹ 3 lakh.

Financial Benefits

The revised monthly reward gives significant relief :

Merit( Final ) : ₹ 2,500 per month
Merit cum Need ( Final ) : ₹ 2000 per month
Economy Needy ( Intermediate or Final ): ₹ 1,500 per month
Economy Need (Foundation ): ₹ 1,500 per month.

Note: The period of the Scholarship is 30 months or the remaining period of Article-ship, whichever is less.

Important Dates

The scholarship applications are processed quarterly. There is no final closing date but timely submission ensures quick disbursement.

16th December to 15th March ( Processed in April )
16th March to 15th June ( Processed in July )
16th June to 15th September ( Processed in October )
16th September to 15th December ( Processed in January)

Required Documents

Income Certificate
Bank Passbook ( Bank account number & IFSC code )
Pass post-sized photographs
CA mark-sheet
Articleship letter( Final Course )
Caste certificate
Physically challenged certificate
Declaration/ Recommendation letter for Articleship students
Conduct certification ( Bi-annual conduct certificate after initial selection)

Features

Massive expansion of the corpus
- The total scholarship fund has been increased fivefold from 100 crore rupees to 500 crore. This historic boost allows the ICAI to reach over 30,000 beneficiaries annually, ensuring a much larger safety for the student community.
Accessible Eligibility income ceiling
- To bring more middle-income and economically weaker sections into the fold, the parental limit for all need-based categories has been raised to ₹ 3 lakh.
Continuous online window
- Application remains open online throughout the year via the self-service portal. Unlike traditional scholarships with deadlines, ICAI processes these applications in quarterly batches providing flexibility to apply immediately after registration or exam results.
High standard of integrity & Disbursement
- To maintain transparency and accountability, ICAI employs a strict High standard of integrity & disbursement protocol. Every Application undergoes Mandatory verification via the SSP portal where Articleship students must receive their principal approval, while non-Articleship students require a recommendation from any practising CA. Once approved the scheme uses a direct DBT model, remitting funds straight to the student’s bank account within 15 days.

Application Process of ICAI Scholarship 2025

The entire process is digitised via self-self-service Portal (SSP)

First, you visit the official Portal of self-self-service Portal ( SSP) Start .
Log in to eservices.icai.org.

Application Process of ICAI Scholarship 2025 — Login

Go to Student Functions then Scholarship Application form .
Information will be auto-populated.
In the Application Form.
Review auto-filled details and upload mandatory documents.
Verification for Articleship students, There is a verification of income on the portal .
For Non Articleship Students, a practising chartered accountant must verify the application.

Also Read: Veena Upendra Scholarship

Helpline Number

For technical queries or application assistance:

Email: bos.operations@icai.in
Contact Number: 0120-3045914
Website: www.icai.org
Self Service Portal: https://esevices.icai.org

FAQs – ICAI scholarship 2025

Can Foundation students apply?

Yes, ICAI recently introduced a dedicated need-based scholarship of ₹1500 per month for the foundation students.

Do I need to renew the scholarship?

While the initial approval is one-time, the release of subsequent instalments requires a conduct and Attendance certificate to be submitted biannually (April and October ).

When will students receive the scholarship instalments in their bank accounts?

Scholarship instalments will be disbursed to the student every quarter, subject to the following conditions:
1. The student’s eligibility will be verified quarterly.
2. Conduct and attendance certificates are required semi-annually on the self-service portal.
3. The student must ensure that an active bank account number, along with the bank IFSC code, is correctly provided on the self-service portal.

When is the conduct and attendance certificate required in the portal for the release of instalments?

Following the selection and release of the first instalment of the Scholarship, the conduct and attendance certificate is required in the portal for the release of subsequent instalments as outlined below:
1. Students currently undergoing Articleship must provide a Conduct Certificate and Attendance Certificate biannually, specifically in April and October, from the Principal under whom they are undergoing Articleship for the release of the next instalment of the Scholarship.
2. Students who have not yet commenced Articleship must provide a Conduct Certificate biannually, specifically in April and October, from any Chartered Accountant for the release of the next instalment of the Scholarship.

Sam Choudhary

Sam is a dedicated scholarship writer who helps students find genuine financial aid opportunities. He explains eligibility, benefits, and application steps in simple English so students can easily apply without confusion. His goal is to make quality educational support easier to access for everyone.