Commerce is one of the “most popular” streams after the arts. Approximately 43 lac students get admission in undergraduate courses of commerce. Because this stream can provide career advancement to students, this will be a dream for many students. But because of the financial crisis in the family, candidates are unable to reach their dreams. This is why we came up with some more scholarships for candidates, but this time it’s commerce. Here are the scholarships for commerce undergraduate candidates in India in 2023.
Table of Content
- South Indian Bank Scholarship Scheme
- Commerce ka Arjun Scholarship Program
- Fair & Lovely Foundation Scholarship
- NSP Scholarship for TOP class education with disabilities
- CA/ICWA/CS Scholarship Kerala 2023
- Sarla Devi Scholarship
- Azim Premji University Undergraduate Scholarship
- Kotak Shiksha Nidhi Scholarship
- Thomson Reuters Scholarship for Student Pursuing M.com
1. South Indian Bank Scholarship Scheme
The South Indian Bank Scholarship Scheme is launched by South Indian Bank Private Limited under Corporate Social Responsibility, i.e., CSR, to provide financial support to students of Kerala in various undergraduate courses. In this scheme, SIB provides support to 42 candidates (3 from every 14 districts of Kerala). It targets undergraduate courses for up to 3 years. The scheme offers 100% fees, of course, plus some monthly expenses for the hostel and other charges.
Eligibility Criteria:
- Must be a student enrolled in undergraduate courses like B.tech, MBBS, Bsc, Msc, BUMS, BHMS, or other 3-year undergraduate courses (only in the universities of Kerala).
- Must belong to Kerala
- Must have attained a minimum of 80% marks in the intermediate examination.
- Annual family income shall not exceed the INR 1 lac mark.
Deadline:
To be announced
Benefits:
The selected 42 candidates will receive 100% of college fees plus INR 4000/month for other allowances like hostels, etc.
Documents required:
The mandatory documents required for the South Indian Bank Scholarship Scheme are the 12th and 10th marksheets, income certificates, admission proof, identity proof, and fee receipt.
2. Commerce ka Arjun Scholarship Program
The Commerce Ka Arjun Scholarship Programme is an initiative by Vidyasagar Institute under which scholarships are provided to commerce students by giving a test. One who qualifies for it gets a scholarship opportunity. This is a national-level scholarship test.
Eligibility Criteria:
- Candidates pursuing their intermediate with the commerce stream are eligible (for free).
Deadline:
To be announced
Benefits:
The benefits of this scheme depend on the marks obtained. Based on the marks, candidates will receive 90% to 5% coaching fees for the CA/CMA Foundation.
Documents Required:
None.
3. Fair & Lovely Foundation Scholarship
The Fair and Lovely Foundation Scholarship is an initiative under the PMKVY (Pradhan Mantri Kaushal Vikas Yojana) Scheme that offers free training for numerous skills or courses to undergraduate and postgraduate candidates. This scheme offers scholarships to female candidates from India only.
Eligibility Criteria:
- Must have attained a minimum of 60% marks in intermediate as well as high school.
- The age of the candidate must range from 15 to 30.
- Must be a woman.
Deadline:
To be announced
Benefits:
100% Course fee + other allowance
Documents Required:
The mandatory documents required for the Fair and Lovely Foundation Scholarship are a passport-port size photo, an income certificate, 10th and 12th grade marksheet, identity proof, and admission proof.
4. NSP Scholarship for TOP class education with disabilities
The NSP Scholarship for TOP-CLASS education with disabilities is released by the Department of Empowerment and the person with a disability by the Government of India. The mission is to educate physically disabled candidates by helping them financially. This scheme is available for candidates doing their graduation, post-graduation, or diploma.
Eligibility Criteria:
- The candidate must be pursuing graduation, post-graduation, or a diploma.
- Annual family income shall not exceed INR 6 lacs.
- Must have more than 40% disability
Deadline:
To be announced
Benefits:
Monetary benefits of INR 2 lacs/year till the end of the course + Maintenance and other allowances
Documents required:
The mandatory documents required for the NSP Scholarship for TOP-class education with disabilities are a disability certificate, an income certificate, admission proof, a bank passbook, recent photos, and identity proof (by the government).
5. CA/ICWA/CS Scholarship Kerala 2023
CA/ICWA/CS Scholarship Kerala 2023 is announced by the Department of Minority of the Government of Kerala for the well-being of minority students in Kerala. The programme aims to provide financial help to the weaker section of minorities who cannot afford to study. The programme offers monetary benefits. Here’s all the important information you need to know about this scholarship: –
Eligibility Criteria:
The eligibility demands for the CA/ICWA/CS Scholarship Kerala 2023 are:
- Must be a minority, namely, Christian, Jain, Parsi, Muslim, or Sikh.
- Must have attained a minimum of 60% marks in qualifying exams.
- Annual family income shall not be more than 8 lacs.
- Must be willing to pursue CA/CS/ICWA
- Must belong to Kerala
Deadline:
To be announced
Benefits:
The beneficiary will get a monetary benefit of INR 15,000 per year for the duration of the entire course.
Documents Required:
The documents required for the CA/ICWA/CS Scholarship Kerala 2023 are a minority certificate, identity proof, income certificate, marksheet, and admission proof.
6. Sarla Devi Scholarship
The Sarla Devi Scholarship is launched by the Dharampal Satyapal Charitable Trust to help bright students. The scholarship targets candidates who are not able to pursue their education due to a financial crisis. The scholarship targets four major streams: arts, commerce, science, and vocational. The candidate will get monetary benefits. Here’s all the important information you need to know about this scholarship.
Eligibility Criteria:
The eligibility requirements for the Sarla Devi Scholarship are:
- Must be pursuing a bachelor’s degree in arts, commerce, vocational, or science streams.
- Annual family income shall not be more than 4.5 lacs.
- Must belong to Delhi, NCR
Deadline:
To be announced
Benefits:
The beneficiary will get monetary benefits of INR 25,000 as a commerce student each year.
Documents Required:
The documents required for the Sarla Devi Scholarship are an income certificate, identity proof, admission proof, and a photograph.
7. Azim Premji University Undergraduate Scholarship
Azim Premji University Undergraduate Scholarship is an initiative by Azim Premji University that aims to provide scholarships to students who cannot afford to educate themselves. Their vision is to help candidates by providing their tuition fees and other accommodations. The candidate will get monetary benefits for the entire course. The candidate will get a scholarship according to a different range of income. Here’s all the important information you need to know about this scholarship:
Eligibility Criteria:
The eligibility requirements for the Azim Premji University Undergraduate Scholarship are:
- Must belong to India
- Annual family income shall not be more than INR 15 lakhs.
Deadline:
To be announced
Benefits:
Beneficiaries will get monetary benefits based on their income. Find it below:
- Candidates with an income ranging from INR 4 lacs to 8 lacs will get a 75% scholarship (i.e., INR 74250).
- Candidates with an income ranging from INR 8 lacs to 10 lacs will get a 50% scholarship (i.e., INR 148500).
- Candidates with an income ranging from INR 10 lacs to INR 15 lacs will get a 25% scholarship (i.e., INR 222750).
- Candidates with an income ranging from INR 4 lacs to 8 lacs will get a 75% scholarship (i.e., INR 2,97000).
Documents Required:
The documents required for the Azim Premji University Undergraduate Scholarship are an income certificate, bank passbook, BPL certificate (if required), and identity proof.
8. Kotak Shiksha Nidhi Scholarship
The Kotak Shiksha Nidhi Scholarship is an initiative by Kotak Mahindra. The scholarship aims to provide financial help to candidates from the 1st grade to the graduation level. The scholarship targets candidates who have lost their parents or a primary earning member of the family during the COVID crisis. The vision is to help those candidates pursue education without facing financial crises. The age of the candidate must be between 6 and 22 years. Here’s all the important information you need to know about this scholarship:
Eligibility Criteria:
The eligibility requirements for the Kotak Shiksha Nidhi Scholarship are:
- Must be 6–22 years of age.
- Must be an Indian student studying in India.
- Must be a student pursuing 1st–12 education, diploma, graduation, or post-graduation
- It must be one of the following: lost one parent, lost both parents, or loss of a primary earning member of the family.
Deadline:
To be announced
Benefits:
The beneficiary will get monetary benefits, which will differ according to stream and level of education.
Documents Required:
The documents required for the Kotak Shiksha Nidhi Scholarship are an Aadhar card, the previous year’s mark sheet, the death certificate of deceased parents, and other documents related to the level of education.
9. Thomson Reuters Scholarship for Student Pursuing M.com
The Thomson Reuters Scholarship for Students Pursuing M.com is a scholarship programme provided by Thomson Reuter. The scholarship targets regular M.Com.-pursuing candidates. The scholarship offers INR 10,000 per year for the entire course. Here’s all the important information you need to know about this scholarship:
Eligibility Criteria:
The eligibility requirements for the Thomson Reuters Scholarship for Students Pursuing M.com are:
- Must have attained 50% marks in high school and intermediate
- Must have attained 50% marks in B.com.
- Must belong to India.
Deadline:
To be announced
Benefits:
The beneficiary will get INR 10,000/year for the entire course.
Documents Required:
The documents required for the Thomson Reuters Scholarship for Students Pursuing M.com are identity proof, address proof, high school and intermediate marksheet, bank passbook, admission proof, fee receipt, income certificate, and bona fide certificate.
In short, these were the scholarships available for commerce students pursuing their undergraduate courses from recognised institutes. You can apply for these scholarships using the link shared above. Make sure you fulfil the eligibility criteria before you apply for the scholarship.
RP is a career blogger with a decade of experience in education and careers. He shares insightful tips to inspire positive changes worldwide.