JK Shah Classes offer scholarship to 470 CA aspirants to celebrate Thane Vaibhav’s 47th anniversary
In association with India’s largest and the most successful CA coaching institute JK Shah Classes (JKSC) as an Academic Partner, Thane Vaibhav intends to take up this unique social cause of extending a scholarship programme to 470 needy-cum-meritorious students on the occasion of its 47th Anniversary. JK Shah, the founder of JKSC said, “We are pleased to launch this unique scholarship programme under the dynamic leadership of our beloved Hon. Chief Minister of Maharashtra Eknath Shinde. Considering the current booming economic scenario of our society at large and upbeat financial services in the post-pandemic era, Thane Vaibhav intends to give extremely subsidized coaching to genuinely interested aspirants (mainly girl students) for the coveted Chartered Accountancy (CA) Professional Course for students post Class XII who are intending to prepare for their CA Foundation (CAFC) May 2023 attempt.”
Why CA: The Chartered Accountancy (CA) Professional Course is one of the most sought-after courses (mainly) by Commerce aspirants post Class XII. On successfully completing CA Foundation level, the students are eligible for a monthly stipend by working with CA Firms for a span of almost three years while they appear for their CA Intermediate and Final CA exams to become a qualified Chartered Accountant. Thus, CA is one of the few coveted Professional Course(s) which is apt as an ‘Earn & Learn’ / ‘self-funded’ program – especially for the needy, poor, and marginalized section(s) of the society.
Way Forward: Thane Vaibhav intends to implement the CA Foundation Scholarship Programme as follows:
Selection Criteria & Execution Process
Ø Thane Vaibhav shall form an independent ‘Selection Committee headed by Milind Ballal, Editor of Thane Vaibhav. This committee will shortlist deserving students currently studying in Class XII (March 2023). These students shall belong to families whose annual income shall be less than INR 3,00,000/-
Ø Thane Vaibhav shall associate with Govt. of Maharashtra (Hon. CMO and the Department of School Education) for reaching out to genuinely needy-cum-meritorious (mainly girl) students of Class XII (Commerce) with specific family income limit of INR 3,00,000 per annum for authenticity and genuineness of shortlisting the right set of needy-cum-meritorious candidates.
Ø Considering the occasion of 47th Anniversary, Thane Vaibhav intends to shortlist 147 deserving students from the Thane (and adjoining Palghar and Navi Mumbai) district(s). Similarly, another 147 deserving students from Mumbai (City) and Mumbai Suburban districts. Apart from the above two, the committee intends to select 147 deserving students from Nagpur and Sindhudurg districts. Another 29 seats shall be reserved (at the discretion of the Committee) for any last minute addition of students who have missed out due to any reason. Thus, a total of ‘147 + 147 + 147 + 29 = 470 students’ are being intended to be coached under this special initiative to mark the 47th Anniversary of Thane Vaibhav.
Ø Since, students shall be spread from all across Thane, Mumbai, Palghar, Navi Mumbai, Sindhudurg, and Nagpur, JKSC shall offer its extremely state-of-the-art JK Shah Online facilities to coach the shortlisted students for CAFC. JKSC Online shall thus coach students virtually up to their CA Foundation (May 2023 attempt) to support Thane Vaibhav in its social cause. For tests and doubt-solving, JKSC may offer its physical classroom facilities (based on student comfort) at select JKSC centres to make it a unique ‘Hybrid Coaching Programme’.
Ø In order to maintain the seriousness of the students, Thane Vaibhav has proposed a nominal token fee of INR 4,700/- per student. To motivate the student(s), if s/he clears their CA Foundation exam(s) in their first attempt in May 2023 – the said nominal token fees of INR 4,700/- will be allowed for respective student to avail proportionate set-off against their fees for further studies of CA Intermediate at JK Shah Classes to maintain continuity in their completion of Chartered Accountancy course. Thus, effectively the CA Foundation Course fees of JK Shah Online shall be ‘absolutely free’ for 470 meritorious students under this scholarship program.
Ø The entire selection process shall officially commence from 17th September, 2022 – birthday of Hon. Prime Minister of India, Narendra Modi. Through the help of Govt. of Maharashtra, JKSC intends to reach out to all XII Commerce students to appear for an online screening test on JKSC Online platform on 2nd October, 2022 – on the occasion of Gandhi Jayanti. The top students from this screening test (on JKSC Online platform) from among the said criteria(s) shall be shortlisted by the Committee under the leadership of Milind Ballal.
Ø The batches for the same shall commence from 17th November, 2022 as a tribute to Hindu-Hriday-Samraat Respected (Late) Balasaaheb Thackeray to mark his 10th death anniversary.