Scholarships for commerce students award deserving and worthy students who face difficulties gathering funds for their education to financial assistance. There is a lot of scope for commerce students to further their career in the finance sector. Some of the most notable degree courses associated with the commerce stream include B.Com, M.Com, CA, CS, and more. Some institutions and organizations offer scholarships to commerce students in India who want to pursue their careers in this stream. This article gives you a comprehensive list of all the commerce scholarships, eligibility, application process and, reward details. 

List of Scholarships for Commerce Students

There are many scholarships for commerce students provided by various institutions that help them excel in their careers without worrying about fulfilling financial constraints. Such scholarships for commerce students are listed below:

  1. Sarla Devi Scholarship
  2. CLP India Scholarship Scheme
  3. Azim Premji University Undergraduate Scholarship
  4. Ranker Scholar Aptitude Test (RSAT)
  5. Post Matric OBC Scholarship for CA/CMA/CS, Kerala
  6. IIM Calcutta Fellow Program
  7. IIM Ahmedabad Fellow Programme in Management
  8. South Indian Bank (SIB) Scholarship Scheme
  9. Commerce Ka Arjun Scholarship Program
  10. ICAI Commerce Wizard
  11. Fair and Lovely Foundation Scholarship

Sarla Devi Scholarship

Sarla Devi Scholarship, an initiative by Dharampal Satyapal Charitable Trust, supported by the DS Group, supports worthy students who come from a weaker financial background. The scholarship aims to empower needy students with a better future. 

Eligibility Criteria

The candidates should fulfill the following criteria:

  • 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.
  • Students pursuing courses like MBBS, Engineering, or Nursing from a reputed college must secure at least 75% marks in class 12 with PCB/PCM/PCMB streams).
  • Students pursuing courses in streams like law, psychology, or mass communication must secure at least 75% marks in class 12.
  • Students aspiring to pursue CA/CS courses 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.

Scholarship Benefits

The students will receive the following benefits:

  • 14 students from the Science stream receive INR 75,000 each
  • 50 students from the Arts stream receive INR 20,000 each
  • 40 students from the Commerce stream receive INR 25,000 each
  • 65 students from Vocational courses receive INR 15,000 each

Application Procedure

The candidates can apply by following these steps:

  1. The candidate should visit the Sarla Devi Scholarship application link.
  2. The applicant should log in/register using Facebook, Google, or an email account.
  3. Once the applicant is signed in, click on Start Application to start filling the form.
  4. He/She should fill in all the details and upload the required documents. After finishing, click on submit.

CLP India Scholarship Scheme

CLP India Scholarship Scheme is CLP India’s education intervention program. The scheme applies to community catchment areas around CLP India business locations and is aimed primarily at providing financial support to aspiring students for their 10+2, vocational, graduation, and further studies, with an added emphasis on supporting girl students.

Eligibility Criteria

Mentioned below are the eligibility criteria:

  • The students of classes 10, 11, and 12 receive up to INR 6,000 in one installment.
  • The vocational, graduation, and post-graduation courses receive up to INR 18,000 in two installments of INR 9,000.

Scholarship Benefits

The selected candidates will receive the following benefits:

  • The students of classes 10, 11, and 12 receive up to INR 6,000 in one installment.
  • The vocational, graduation, and post-graduation courses receive up to INR 18,000 in two installments of INR 9,000.

Application Procedure

Eligible candidates can apply for the CLP India Scholarship Scheme through the following steps:

  1. Click on CLP India Scholarship Scheme ‘Apply Now’ link.
  2. Login/Register using Facebook, Google, or Email account.
  3. Once signed in, click on ‘Start Application Form’ to fill the form.
  4. Fill in all the details and upload all relevant documents.
  5. Finally, click on Submit.

Azim Premji University Undergraduate Scholarship

Azim Premji University Undergraduate Scholarship supports disadvantaged students and provides extensive financial assistance for deserving students to pursue studies. 

Eligibility Criteria

The candidates who meet the following criteria can apply for the scholarship:

  • 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.

Scholarship Benefits

Variable financial assistance is given to students based on 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

Application Procedure

The candidates can apply by following these steps:

  1. The candidate should visit the online scholarship portal and register. 
  2. Log in with the received details and fill in the application form with the required details. 
  3. After the successful filling of the details, candidates should attach the necessary documentation.
  4. After successful completion, the candidate should apply.

Ranker Scholar Aptitude Test (RSAT)

Applications are invited for Ranker Scholar Aptitude Test (RSAT) 2020 from meritorious Class 12 passed/appearing and degree students. This test aims to recognize the talented students and provide them with favorable opportunities for higher education and several awards.

Eligibility Criteria

The candidates who meet the following criteria can apply for the scholarship:

  • 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 the following streams –
  • Arts, Commerce and Business Management
  • Engineering and Technology
  • Business Management
  • Agriculture, Science & Paramedical

Scholarship Benefits

The students will receive the following benefits:

  • Cash awards, gifts and prizes

Application Procedure

Follow the steps below to apply for the scholarship:

  1. Click on the link and register.
  2. Log in and fill in the required details in the application form.
  3. Upload the necessary documents.
  4. Pay the application fee.
  5. Click on "Apply" and Submit.

Post Matric OBC Scholarship for CA/CMA/CS, Kerala

The Post Matric OBC Scholarship for CA/CMA/CS, Kerala is an educational scholarship for OBC Students studying in +1, +2, CA, ICWA, Company Secretary courses in the State and other Institute of Excellence.

Eligibility Criteria

The candidates who meet the following criteria can apply for the scholarship:

  • The students who are pursuing a CA/CMS/CS course eligible for this scholarship.
  • They must belong to the OBC category and be studying at the postgraduate level.
  • The annual income of the family should be less than INR 1.5 Lakh.

Scholarship Benefits

The students will receive the following benefits:

  • A full or partial refund of the fees paid for the course

Application Procedure

The application process is done offline by sending the scholarship application to the below-given address:

Regional Deputy Director

Backward Classes Development Department

Civil Station

Kozhikode – 673020

IIM Calcutta Fellow Program

IIM Calcutta Fellow Program invites candidates with proven academic backgrounds who have the intellect, interest, and ingenuity to pursue doctoral studies in management sciences and related disciplines.

Eligibility Criteria

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 a minimum of 50% marks
  • Bachelor’s degree in Engineering with first class
  • The minimum percentage of marks to be obtained in the Secondary/Higher Secondary Examination should be 50% 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
  • Organizational Behaviour
  • Operations Management
  • Regional Development
  • Public Policy and Management
  • Strategic Management
  • Sociology

Scholarship Benefits

The students will receive the following benefits:

  • Monthly stipend of INR 30,000 to INR 35,000
  • Annual contingency grant of up to INR 65,000 for the 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

Application Procedure

To apply for the fellowship, follow the below steps: 

  1. Pay the application fees through Credit Card/Debit Card/Netbanking or a Demand Draft.
  2. Register your details on the online admission form.
  3. Log in using the details received at your registered email ID.
  4. Fill in the 5-step admission form, including details of your academic referees. 
  5. Submit your fellowship application

IIM Ahmedabad Fellow Programme in Management

IIM Ahmedabad Fellow Programme in Management invites graduates/postgraduates/CA/ICWA/CS students with a strong academic background. This fellowship programme’s key objective is to prepare students for careers in academia or research industry positions.

Eligibility Criteria

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.

Scholarship Benefits

The students will receive the following benefits:

  • 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)

Application Procedure

To apply for the fellowship, follow the below steps: 

  1. Eligible candidates can apply for the fellowship programme online through the following steps -
  2. Click here to start the application. 
  3. Click on "New Applicants please REGISTER here first."
  4. Fill in all required details and submit to register. 
  5. Once registered, the applicants will get registration and login details on their email. 
  6. Login again to complete the application. 
  7. Read all the instructions carefully. 
  8. Fill in all necessary details.
  9. Upload supporting documents. 
  10. Pay the application fee of INR 500 through the IIMA gateway.
  11. Click on "Apply" and Submit.

South Indian Bank (SIB) Scholarship Scheme

The South Indian Bank (SIB) Scholarship Scheme is a scholarship scheme for students belonging to financially challenged families pursuing their Undergraduate courses in Kerala.

Eligibility Criteria

The students having any of the following qualifications can apply for this scholarship –

  • The students who have passed the class 12 examination from Government Higher Secondary School in Kerala can apply for this scholarship.
  • They must have scored at least 85% marks in 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.

Scholarship Benefits

The students will receive the following benefits:

  • Reimbursement of 100% tuition fees
  • Monthly allowance of INR 4,000 towards subsistence/hostel cost.

Application Procedure

How to apply - 

  1. Candidates can apply online through the link below from 29.07.2019 to 25.09.2019.
  2. The applicants are requested to ensure that the information filled in the Online-application form is correct before submitting the same.
  3. There will not be any provision to modify the submitted online application.
  4. Candidates making multiple registrations will be disqualified.
  5. Candidates will have to enter their necessary details and upload their photograph, 12th Standard mark list, Certificate in the prescribed format signed by the head of the institution where currently studying and family income certificate issued by the Village Officer. Candidates belonging to BPL families should upload BPL certificates issued by the secretary of the local body.
  6. If any of the parents have expired, a corresponding death certificate has to be uploaded.
  7. If any of the parents is differently-abled, a corresponding certificate has to be uploaded.

Commerce Ka Arjun Scholarship Program

Commerce Ka Arjun scholarship program is a competitive National-level examination organized by Vidya Sagar Institute. The program aims to award financial and educational aid to the young talented commerce minds in India.

Eligibility Criteria

The students having any of the following qualifications can apply for this scholarship –

  • The scholarship program applies only to the students who are 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.

Scholarship Benefits

The students will receive the following benefits:

  • A total of 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

Application Procedure

The students should follow the below steps to apply-

  1. Visit the Commerce Ka Arjun website.
  2. Fill the online form.
  3. Submit the online application.
  4. Students can also download the registration form and submit the duly filled form at the nearest Vidya Sagar Institute.

ICAI Commerce Wizard

The Institute of Chartered Accountants of India (ICAI) invites class 9 to graduate students for ICAI Commerce Wizard 2020. The scholarship aims to educate and motivate the country's students to achieve excellence in the commerce stream.

Eligibility Criteria

The students having any of the following qualifications can apply for this scholarship –

  • This test is applicable for students of class 9 to 12, B.Com., BBA, BMS, and allied courses.

Scholarship Benefits

The students will receive the following benefits:

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 an appreciation certificate.
  • Participation certificate to all participants
  • Seventy-five meritorious scholarships will be given to the wards of the Indian Army, Indian Navy, Indian Air Force, Para Military Forces, and Railway employees.

Application Procedure

The students should follow the below steps to apply-

  • Click here to register online.
  • Log in again with the given credential.
  • Make payment through the dedicated website using a Credit Card or Debit Card (ATM Card) or net banking.
  • Payment of registration fee of INR 100 (Inclusive all the Taxes) within the due date or registration fee INR 150 after the due date. Detailed procedure is given on the website link.

Glow and Lovely Foundation Scholarship

Glow and Lovely Career Foundation Scholarship is a CSR initiative of Hindustan Unilever Limited (HUL) to promote and encourage education among girls in India. The scholarship programme empowers underprivileged female students in the age group of 15 to 30 years by offering them financial assistance for their Higher Education. The scholarship programme aims to reduce the dropout rate among girls at higher education levels and help them create their own identity in society.

Eligibility Criteria

The students having any of the following qualifications can apply for this scholarship –

  • 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-recognized 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.

Scholarship Benefits

The students will receive the following benefits:

  • One-time scholarship of INR 25,000 to INR 50,000 per student

Application Procedure

All applicants must follow these steps to apply for the GAL Career Foundation Scholarship:

  • Click on the ‘Apply Now’ link button above.
  • Login/Register using Facebook, Google, or Email account to visit the ‘Scholarship Application Page.’
  • Select your level of education and click on ‘Start Application.’
  • Fill the scholarship application form.
  • Upload the required documents with the application.
  • Click on the ‘Submit’ button to complete the application process.


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