Upto 500% Revision in the rates of Stipend to ICWAI Trainees by Maharashtra State Electricity Transmission Co. Ltd.

ICWAI is pleased to inform that vide Administrative Circular number 299 dated 25.10.2011, Human Resource Department of Maharashtra State Electricity Transmission Co. Ltd. has revised the rates of stipend payable to Cost and Management Trainees in the places/towns having population more than 20 lakhs. The rates of revision is upto 360% for ICWAI intermediate passed students whereas it is upto 500% for ICWAI passed candidates as per the following details.

Sr. No. Category 1st year 2nd Year 3rd year
Existing Revised Existing Revised Existing Revised
1 ICWAI appeared candidate Rs. 4000/- Rs.5000/- Rs.4500/- Rs.6000/- Rs.5000/- Rs.7000/-
2 Intermediate passed 4000/- 10000/- 4500/- 14000/- 5000/- 18000/-
3 ICWAI passed 4000/- 15000/- 4500/- 20000/- 5000/- 25000/-

We request all the concerned to take note of the same and request the appropriate authorities in their respective states to revise the rates of stipend accordingly. The details of the circular may be seen by clicking the link:
Revising the rates of stipend payable to cost & Management Trainee.(ICWAI appeared candidates)


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  1. ANKUSH says:

    Dear all
    i really agree with the same issue which has been discussed by Deepak.
    i m currently working in Organisation, (cannot discuss the name of a company), they are also not following institute norms. and not following Minimum Stipend Requirements clause.

  2. deepak says:

    Nothing gona change by revising the rate. institute and govt. should take care that the stipend is actually being paid. CWA or CA or CS institute are just revising rate on there end without seeing the reality. Even the firm do not pay the stipend as mentioned by the institute. There all is just like making the rule and not following the same.

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September 2021