ICAI Doctoral Scholarship 2023 online application, Eligibility Criteria, Documents, Benefits and Coverage

The Institute of Chartered Accountants of India (ICAI) has unveiled the prestigious ICAI Doctoral Scholarship Scheme to support and encourage young scholars in the fields of Auditing, Taxation, Commerce, Management, and Accounting.

Through this article, we will provide an in-depth overview of the scholarship, including its objectives, eligibility criteria, benefits, application process, and important documents required. Scholars will have the opportunity to pursue Ph.D. degrees and post-doctoral studies with the aid of this esteemed scholarship.

ICAI Doctoral Scholarship 2023

The ICAI Doctoral Scholarship Scheme offers selected fellows financial support to undertake Ph.D. degrees in the proposed fields. Five fellows will be chosen for the scholarship, which will be granted for a maximum duration of three years. The primary objective of this initiative is to promote original research in accounting and finance, fostering innovation and knowledge creation within the field.

ICAI Doctoral Scholarship Eligibility Criteria

To be eligible for the ICAI Doctoral Scholarship, applicants must meet the following criteria:

  1. The applicant must be an Indian citizen.
  2. The applicant should be pursuing a Ph.D. degree in Auditing, Taxation, Commerce, Management, or Accounting.
  3. The age of the applicant must fall within the range of 32 to 40 years.

ICAI Doctoral Scholarship Benefits and Coverage

Selected scholars will enjoy several benefits under the ICAI Doctoral Scholarship Scheme, including:

  1. Monthly scholarship amount of Rs. 75,000 for the duration of the scholarship.
  2. Contingency grant of Rs. 50,000 annually.
  3. Opportunity to undertake rigorous research projects in the proposed fields.
  4. Financial assistance for books, stationery, research trips, and other related expenses.

Documents for ICAI Doctoral Scholarship 2023

Applicants are required to submit the following important documents while applying for this scholarship online:

  1. Duly filled and signed Application Form.
  2. Attested copies of educational certificates and mark sheets.
  3. Detailed research proposal along with the synopsis.
  4. Copy of the admission letter from the university/institute for the Ph.D. program.
  5. Proof of age, which can be either a Birth Certificate or 10th standard mark sheet.
  6. Caste certificate (if applicable).
  7. Proof of residence, which can be provided through Aadhaar card, ration card, or voter ID.
  8. Passport-size photographs for identification purposes.

ICAI Doctoral Scholarship 2023 Application Process

Prospective applicants can apply for the ICAI Doctoral Scholarship Scheme by following these steps:

  1. Visit the official website of ICAI.
  2. Locate and click on the Application Form link.
  3. Download and print the form.
  4. Fill in the required details.
  5. Attach the necessary documents, including educational certificates, research proposal, admission letter, proof of age, and caste certificate (if applicable).
  6. Submit the completed application form to the prescribed office address before the deadline.

ICAI Doctoral Scholarship 2023 Selection Procedure and Monitoring

The Research Committee Secretariat reviews all applications, and the Shortlisting Committee selects the best proposals. Some applicants may be asked to present their ideas to the Shortlisting Committee. The final approval is granted by the Research Committee. Selected scholars will be regularly monitored through quarterly and annual progress reports. They are required to publish research papers in reputable journals and present annual or mid-term appraisals of their research project.

Renewal and General Terms

Scholars must join the scholarship within four weeks of receiving the award letter. The scholarship is initially sanctioned for one year, with subsequent renewals dependent on satisfactory progress reports and published research papers. Scholars must follow the rules of their respective institutions and comply with ICAI guidelines throughout the scholarship period.


The ICAI Doctoral Scholarship Scheme is a prestigious opportunity for aspiring scholars in accounting and finance to pursue their Ph.D. degrees and contribute to the field’s knowledge base. By providing financial support and encouraging rigorous research, ICAI aims to foster innovation and enhance the quality of research in these crucial domains. Interested applicants should apply online before the specified last date to secure timely registration. For further information, scholars can contact the designated office address mentioned above.

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