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July 27, 2020

ICAI to grant Financial Assistance Rs 1.5 Lakh to the Members and dependents suffering from CORONA

by facelesscompliance in ICAI

ICAI to grant Financial Assistance Rs 1.5 Lakh to the Members and their dependents suffering from CORONA

COVID-19 affects different people in different ways. Most infected people will develop mild to moderate illness and recover without hospitalization. The world if facing serious crises and in this ICAI has came forward to help financially its Members which are more than 3 Lakh

The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India. It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament (acting as the provisional Parliament of India) to regulate the profession of Chartered Accountancy in India. ICAI is the second largest professional Accounting & Finance body in the world.

Daily Covid-19 cases in India went past 50,000 for the first time on Sunday 26 July 2020 even as the total caseload crossed 14 lakh, capping the deadliest week of the pandemic so far, when total cases grew by 28% and the death toll jumped by 19%.

ICAI is sanctioning COVID grant of upto Rs 1.50 lacs to those CA members who are Covid positive.

CABF of ICAI has considered the difficulties being faced by Members in the time of pandemic and has decided to grant Medical Financial Assistance to the Members and their dependents suffering from CORONA.

Following is Process to Apply ICAI Member Corona Grant

The Managing Committee of the Chartered Accountants Benevolent Fund (CABF) ICAI has considered the difficulties being faced by Members in the time of pandemic and has decided to grant Medical Financial Assistance to the Members and their dependents suffering from CORONA.

This help is going to be available to the Members and their dependents who are in distress and need financial assistance for treatment of Corona disease. To avail this help members/dependents may file request in prescribed Application Form-cum-Undertaking hosted on the website of the ICAI at the CABF Portal at the link https://cabf.icai.org/ . The application is to be accompanied with the CORONA positive report and is available only for the cases of hospitalization.

The financial assistance will be up to INR 1.5 Lakhs and will be returnable to CABF in full, if it is not utilized for treatment of CORONA.

For detailed information please mail to covidassistance@icai.in.

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