08-07-2025
ICAI boosts fund to support needy CA students to s 400 crore
Ahmedabad: The Institute of Chartered Accountants of India (ICAI) is committed to supporting every child in India who wishes to pursue chartered accountancy but faces financial or personal difficulties, said Ketan Saiya, chairman of the Western India Regional Council (WIRC) of ICAI.
He said that any student in need can approach any ICAI branch for assistance. After proper verification, ICAI will offer all possible support to help them continue their CA studies.
To strengthen this initiative, ICAI increased its education support fund from Rs 100 crore to Rs 400 crore this year. Additionally, ICAI is actively conducting career counselling programmes in districts across the country to promote awareness and opportunities in the CA profession.
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Saiya also highlighted that ICAI submitted a proposal to the govt to simplify and reduce the number of Tax Deducted at Source (TDS) sections in the Income Tax Act to ease the burden on common citizens.
In view of global economic growth, ICAI plans to open a new office at GIFT City in Gandhinagar. On July 10-11, over 100 CA students from across India will visit GIFT City to explore opportunities for their future careers.
ICAI is also promoting AI awareness through certificate courses and launched several public welfare initiatives. These include cyberfraud awareness for housewives, MSME support, startup seminars, investor meets, and educational programmes for schoolgirls on safety awareness through the Bhairavi programme.
