About Us
BENEFICIARY SCHEMES DIRECTORATE
Advancing Member Welfare and Support
The Beneficiary Schemes Directorate of the Institute of Chartered Accountants of India (ICAI) plays a pivotal role in strengthening the welfare framework for Chartered Accountants and their families. Dedicated to enhancing member well-being and financial security, Beneficiary Schemes Directorate focuses on developing and administering benefit schemes that provide timely support and long-term assurance to the CA fraternity. With a clear commitment to member-centric initiatives, Beneficiary Schemes Directorate strives to ensure that Chartered Accountants have access to reliable support systems that safeguard their interests and contribute to their overall stability and peace of mind.
Enhancing Member Welfare
Designing and implementing comprehensive benefit schemes aimed at supporting members and their families during critical life situations, thereby reinforcing a culture of care and solidarity within the profession.
Ensuring Financial Security
Facilitating structured welfare and assistance programmes that provide financial relief and support to members in times of need, ensuring a dependable safety net for the fraternity.
Promoting Inclusive Support Systems
Creating accessible and transparent processes that enable members to benefit from various welfare initiatives, ensuring that support reaches those who need it the most.
Strengthening Community and Trust
Encouraging a spirit of mutual support and professional solidarity by nurturing initiatives that enhance the social and economic well-being of the CA community.
Chairman
CA. Durgesh Kumar Kabra
Vice Chairman
CA. Rajendra Kumar P
Members
- CA. Umesh Ramnarayan Sharma
- CA. Vishnu Kumar Agarwal
- CA. Sridhar Muppala
- CA. Sanjib Sanghi
- CA. Pankaj Shah
- CA. Gyan Chandra Misra
- CA. Hans Raj Chugh
- CA. Rajesh Sharma
Secretary to the Directorate : Dr. Sambit Kumar Mishra
Terms of Reference
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Facilitation of Beneficial Products and Services
To facilitate beneficial products and services relating to skill development, knowledge enrichment and management, yoga and wellness sessions, online/offline work life balance initiatives, and other personal or professional security and benefit schemes for the growth and development of Members and Students of ICAI and other beneficiaries, if any.
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Assessment of Stakeholder Requirements
To assess the welfare, product, and service requirements of Members and Students of ICAI and other beneficiaries, if any, through surveys, data analysis, and stakeholder consultations, and to identify gaps in existing support mechanisms and beneficiary schemes.
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Exploration of Strategic Tie-ups
To coordinate with companies, entities, banks, and financial institutions for exploring strategic tie-ups to offer beneficiary schemes providing free or discounted products and services relevant to Members and Students of ICAI and other beneficiaries, if any.
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Review of Existing Schemes
To periodically review the terms, coverage, structure, effectiveness, and value addition of existing beneficiary schemes and recommend continuation, modification, or discontinuation of such arrangements, as appropriate.
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Evaluation of Proposals
To invite proposals from beneficiary scheme providers, evaluate such proposals, and negotiate suitable terms and conditions in the interest of Members and Students of ICAI and other beneficiaries, if any.
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Documentation and Agreements
To draft and vet documents required for the implementation of beneficiary schemes and execute Memoranda of Understanding or agreements with selected partners/entities, subject to vetting by the Legal Section.
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Governance and Service Framework
To define roles, responsibilities, service standards, and grievance redressal mechanisms for the effective implementation and management of beneficiary schemes.
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Communication and Awareness
To publicize available beneficiary schemes, ICAI will leverage its communication channels, including e-newsletters, online and offline publications. This will be accompanied by providing FAQs, guidance notes, and essential support for members and students to access and utilize these schemes effectively. Additionally, ICAI will conduct Awareness Programmes, Training sessions, Webinars, and other awareness initiatives to promote and facilitate the effective utilization of benefits offered by the Directorate.
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Technology and Digital Platforms
To develop and provide IT-enabled services, electronic platforms, media channels, or other digital interfaces to facilitate access to existing and new beneficiary schemes, along with relevant content for stakeholders.
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Promotion of Well-being, Work Life Balance & Sustainable Practice
To promote the well-being of ICAI stakeholders and strengthen professional excellence by fostering healthy work life balance practices, environmentally sustainable habits and practices, and encouraging participation in activities such as art, culture, literature, yoga, and meditation for holistic development.
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Centralized Framework for the Entire ICAI Network
To streamline, standardize and implement the promotion and utilization of beneficiary schemes, a centralized framework for the entire ICAI network, rather than allowing individual Branches and Regional Councils to handle it independently, ensures consistency, broader reach, and more effective utilization of the schemes.
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Practice Management Software
To effectively promote Practice Management Software among ICAI members and students, a centralized and uniform framework can be adopted, ensuring broad adoption, consistency, and ease of use across the ICAI community.
Strategic Areas of Focus
Content will be updated soon.