Introduction:
The CA Foundation Exam is a prestigious examination conducted by the Institute of Chartered Accountants of India (ICAI) for aspiring chartered accountants. Scholarships are available for students with low family income, which can help them cover the expenses associated with the exam. In this response, we will discuss the eligibility criteria and application process for applying for the CA Foundation Exam with a scholarship.

Eligibility criteria:
To apply for the CA Foundation Exam with a scholarship, you need to fulfill certain eligibility criteria set by the ICAI. These criteria include:

1. Family income: You must have a low family income to be eligible for the scholarship. The exact income limit may vary depending on the year and location. It is advisable to check the official website of ICAI or contact the ICAI regional office for the most up-to-date information.

2. Academic qualification: You should have completed the 10+2 examination or its equivalent from a recognized board or university.

3. Registration with ICAI: You must be registered with the ICAI for the CA Foundation Course.

4. Good academic record: It is important to have a good academic record to be considered for a scholarship. Your performance in the board examination or its equivalent will be taken into consideration.

Application process:
To apply for the CA Foundation Exam with a scholarship, follow these steps:

1. Obtain the scholarship application form: The application form can be downloaded from the official website of ICAI or obtained from the ICAI regional office.

2. Fill in the application form: Fill in the required details in the application form, including personal information, academic qualifications, and income details.

3. Attach supporting documents: Attach the necessary documents, such as income certificate, mark sheets, and proof of registration with ICAI.

4. Submit the application: Submit the completed application form along with the supporting documents to the ICAI regional office within the specified deadline.

5. Wait for the scholarship decision: The ICAI will review your application and make a decision regarding the scholarship. If you are selected, you will be notified by the ICAI.

Conclusion:
If you have a low family income, you can apply for the CA Foundation Exam with a scholarship. Make sure to check the eligibility criteria and follow the application process outlined by the ICAI. Scholarships can provide financial assistance and support for your journey to becoming a chartered accountant.