Scholarships for Commerce Students

Commerce scholarships significantly enhance the learning experience of students wishing to pursue higher education by alleviating financial strain. In this article, Shiksha.com brings you a ­­­­detailed account of scholarships for commerce students in India. Read below to know more.

Commerce Scholarships for Students in India

Scholarships for Commerce Students: India is set to become a $30 trillion dollar economy, and so the demand for finance and commerce professionals is on the rise and will continue to spike. There are several scholarships available for commerce students in India from various sources including government schemes, private commerce scholarships, corporate scholarships, etc. Commerce courses are offered by the top Commerce colleges in India but the fees at these colleges/ institutes may be high and the colleges may not be within the reach of students from low-income families.

Commerce scholarships significantly enhance the learning experience by alleviating the financial strain on the students. Scholarships not only serve as financial aid but also as recognition of one’s academic achievements and excellence. Through scholarships, students get an equal opportunity to display their skills and talents and on the other hand, promote equal access to higher education. In this article, Shiksha.com brings you a ­­­­detailed account of scholarships for commerce students in India. Read below to know more.

Also Read: Top commerce colleges with lowest fees

Commerce Scholarships for Students in India

Below are some of the scholarships which students from a commerce background can apply for.

Central Sector Scheme of Scholarships for College and University Students

With an objective to provide financial aid to meritorious students with a family income of less than INR 4.5 lakh per annum, the Central Sector Scheme of Scholarships for College and University Students was made operational in the year 2008. The scholarship is disbursed directly into the savings bank account of the scholarship recipients by Direct Benefit Transfer (DBT).

The scholarship is provided by the Ministry of Education, Government of India based on marks obtained in Class 12.

Central Sector Scheme of Scholarships for College and University Students Eligibility Criteria

Students who fulfil the following conditions can avail Central Sector Scheme of Scholarships for College and University Students (CSSSCUS) scholarship:

• Students who secured 80 percentile and above in Class 12 from a recognized board of examination
• Students who are pursuing regular degree courses and not distance or correspondence or Diploma courses
• Students who are pursuing a course at an AICTE-approved college or institute
• Students who are not availing of any other scholarship scheme including State-run scholarships/ fee waiver & reimbursement schemes
• Students whose gross paternal/family income is less than INR 4.5 lakhs per annum. Such candidates have to provide their income certificate.

Central Sector Scheme of Scholarships for College and University Students Rate and Duration

The rate of the scholarships is INR 12,000 per annum at the graduation level for the first three years and INR 20,000 per annum at the postgraduate level. Students pursuing professional courses where the duration is five years such as an integrated programme, will get INR 20,000 per annum in the fourth and fifth years of their course. Students pursuing technical courses such as BTech will only get scholarships up to graduation level. This means, that students will get INR 12,000 per annum for the first year and for the fourth year they will receive a sum of INR 20,000 per annum as the scholarship.

Commerce Ka Arjun Scholarship Programme

An initiative designed to support and encourage Commerce students, the Commerce Ka Arjun Scholarship Programme aims to provide financial assistance to meritorious students who demonstrate academic excellence.

Interested students can fill out an application form which is available on the official website of the affiliated educational institute. Applicants will be required to submit the relevant documents including academic transcripts, proof of financial need, etc.

Commerce Ka Arjun Scholarship Programme Eligibility Criteria

The following is the eligibility criteria to avail Commerce Ka Arjun scholarship:

• The students must hold a strong academic record
• The student should have completed Class 12 with the minimum marks required from a recognized board in Rajasthan
• The student must hold a Rajasthan domicile certificate

Commerce Ka Arjun Scholarship Programme Rate

About 100 students are offered the Commerce Ka Arjun Scholarship and are presented with awards, trophies, certificates and scholarships up to 90% for CA/CMA foundation coaching fees depending on the marks obtained by the students.

Also Read: CMA foundation exam 2024

The top three performers are also awarded an amount of INR 31,000, INR 21,000, and INR 11,000, respectively. Check out the table below to know the percentage distribution of the scholarship:

IIM Ahmedabad Fellow Programme in Management

The Fellow Programme in Management is the doctoral programme of IIM Ahmedabad. Students admitted to the programme receive comprehensive fellowships that cover all costs whilst providing a modest living allowance.

IIM Ahmedabad Fellow Programme in Management Eligibility Criteria

The following is the eligibility criteria to avail IIM A Fellow Programme in Management scholarship:

• The student must hold a master's degree with at least 50% aggregate in graduation
• The students pursuing a CA/CS/ICWA with at least 55% aggregate can apply for this fellowship programme.
• The students must have enrolled in CAT/GMAT/GRE/GATE

Aditya Birla Scholarship

Instituted in 1999, the Aditya Birla Scholarship provides an excellent opportunity for students to learn through networking with the country’s finest global conglomerate. The scholarship recognizes meritorious students in management, law and engineering fields and encourages young minds to make their mark. The Aditya Birla Scholarship is awarded to students who not only have academic grit but also extra-curricular excellence.

Aditya Birla Scholarship Eligibility Criteria

Students from the following institutes can avail the Aditya Birla scholarship:

• Indian Institutes of Management
  • IIM Ahmedabad
  • IIM Bangalore
  • IIM Calcutta
  • IIM Kozhikode
  • IIM Shillong
  • IIM Lucknow
• Xavier School of Management
  • XLRI, Jamshedpur
• Indian Institute of Technology
  • IIT Bombay
  • IIT Delhi
  • IIT Madras
  • IIT Kanpur
  • IIT Kharagpur
  • IIT Roorkee
  • IIT Guwahati
• Birla Institute of Technology and Science, Pilani (Campuses)

Aditya Birla Scholarship Eligibility Criteria Rates

Top 20 students are selected from the leading institutes by their respective deans to avail the scholarship benefits. The scholarship benefits are given below for various streams:

Chartered Accountant Students Benevolent Funds (CASBF)

Established in 2008, CASBF is a scholarship programme offered by the Institute of Chartered Accountants (ICAI) to provide financial assistance to students who are registered in CA Intermediate/ IPCC/ CA Final courses. The scholarship is provided to CA students from financially weak backgrounds but are meritorious.

Chartered Accountant Students Benevolent Fund Eligibility Criteria

The eligibility criteria for CASBF is as follows:

• The student must have a valid CA course registration
• The student must be undergoing articled/industrial training as per CA Regulations, 1988
• The combined annual income of the parents of the student must be less than INR 3 lakh.

Also Read:

• CA Salary in India
• CA Pass Percentage

Chartered Accountant Students Benevolent Funds Rate and Duration

The students registered for the CA Intermediate/ IPCC course serving articled training, and applying for CASBF scholarship, must note that they will be offered INR 1500 per month if they fulfil the eligibility criteria. The students registered for the CA Final course and serving of articled/industrial training on the date of application will be offered INR 2000 per month. Students will be given a lump sum for one year.

Tata Capital Pankh Scholarship

Tata Capital Pank Scholarships are awarded to Class 11 students and cover the duration till graduation. The scholarship is offered to meritorious students from the economically weaker sections willing to pursue higher studies. The Tata Capital Pank Scholarship covers 80% tuition fee. For Classes 11 and 12, the scholarship covers an amount of INR 10,000 and for professional degrees, the scholarship covers an amount of INR 1,00,000 based on financial need and academic performance. 

Tata Capital Pank Scholarship Eligibility Criteria

The Tata Capital Pank Scholarship is only offered to students who match the following criteria:

• Students should be enrolled in Class 11, 12, Graduation, or diploma courses
• They must have secured a minimum of 60% aggregate in the previous exam
• The family income must be up to INR 2.5 LPA. 
• Any category student can apply for the scholarship

Students who have 60% to 80% in academics are eligible to apply for the scholarship. Students with higher marks will get a higher scholarship amount. There is a one-time grant and students can renew by reapplying annually. 

Azim Premji Scholarship

Azim Premji Scholarship is an initiative by Azim Premji Foundation to improve the quality and equity of education in India. The initiative offers an amount of INR 30,000 for the first year of graduation or diploma course. Students have to submit an online application form for the scholarship if they meet the eligibility criteria. The amount will be disbursed in two instalments of INR 15,000 each. Students have to apply for renewal each year. The last date to apply for this scholarship was January 31, 2026.

Azim Premji Scholarship Eligibility Criteria

The Azim Premji Scholarship is only offered to students who match the following criteria:

• Students should have passed Class 10 and Class 12 from a government school or college in the following states
  • Arunachal Pradesh
  • Bihar
  • Assam
  • Chattisgarh
  • Jharkhand
  • Karnataka
  • Manipur
  • Rajasthan
  • Sikkim
  • Nagaland
  • Tripura
  • Telangana
  • Madhya Pradesh
  • Odisha
  • Uttarakhand
  • Puducherry
  • Uttar Pradesh
  • Meghalaya
  • Mizoram
• Students should have completed UG or diploma course from a recognised university or college in India
• The UG or diploma should be a regular degree and not a correspondence degree

Read More:

• Courses After Class 12 Commerce
• Top 10 Commerce colleges with best placements