PFMS Scholarship 2021

PFMS scholarship for college/university children: In 2008-09, the Planning Commission launched CPSMS, a financial management network for all plan schemes, a directory of all recipient organizations, alignment with core bank services of banks managing scheme funds, alignment through State Treasury departments, as well as reliable and accurate fund flow monitoring down to the lowest stage of execution for the Government's plan scheme.

Applicants who want to apply online should download the updated notice and carefully read all entry requirements and the application process. We will give you a quick overview of the "PFMS Scholarship List 2021," including the Scheme Benefits, Eligibility Criteria, Key Features of the Scheme, Application Status, Application Procedure, and much more.

Benefits to Beneficiaries and Features of the Scheme

  • Enhances the overall financial management of the Central Government and the implementation of various Central Government schemes by promoting accountability.
  • Takes into account the variety and diversity of ways in which money is invested and exchanged (including through Direct Benefit Transfer)
  • Establishes a shared electronic network for the full monitoring of funds flowing from the Central Government to a significant number of program supervisory authorities, both underneath the Central and State Governments, before they meet the final desired objectives.
  • Allows for real-time reporting of disbursements and fund use.
  • Provides a decision-making support structure for all ministries and agencies, as well as all states and territories.
  • Improvement in the quality fund management carried about by PFMS has a positive effect on state government public finance management and the effective provision of infrastructure by the states.
  • Reflects the actual essence of cooperative federalism, mostly with federal Government and state governments working together.
  • By allowing "just in time" launches, it is possible to boost a program and financial management, thus reducing float in financial systems.
  • Would provide information about government lending that has a direct effect on the Government's interest paid.
  • The use of PFMS reduces the amount of paperwork needed.
  • Tracks any funds that are parked unnecessarily by implementing departments, reducing delays and pending payments.
  • The Government implemented ground-breaking Direct Benefits Transfers (DBT) thanks to PFMS, which had the added benefit of connecting spillage and removing ghost claimants.

Apply for a PFMS Scholarship Online in 2021

Apply for PFMS Scholarship 2021 Online

Step 1: Go to https://pfms.nic.in/, the main website of the PFMS Scholarship (Public Financial Management System- Controller General of Accounts, Ministry of Finance).

Step 2: From the homepage, tap on "PFMS Scholarship Student Registration."

Step 3: Next, choose "Scholarship to Universities/College Students" and fill out the form.

Choose from the following options:

Along with the year in which you graduated from high school, there is also the year in which you graduated.

Board of Education

Fill in the following information:

Account number in a bank

The Bank's branch's IFSC code.

Pick the category from the drop-down menu.

Select "Search."

Step 4: A page with the Application Form will appear on the screen.

Step 5: Fill in the required information and attach the required documents as directed in the form.

Fill in the following information:

  • Phone number
  • e-mail address
  • Make a username and password for yourself.
  • Fill in the captcha code at the bottom of the page.
  • Should upload the document.

Step 5: To complete the application, click the Submit button and download a claim form for future reference.

How to Figure Out Your PFMS Scholarship Payment:

Step 1: Go to https://pfms.nic.in/, the official website of the PFMS Scholarship (Public Financial Management System- Controller General of Accounts, Ministry of Finance).

Step 2: Go to the homepage and select the "Know Your Payment" choice. 

Step 3: Then input the information on the computer, such as the Bank, account number, and captcha code. 

Step 4: After this, press the Search Button to see the Payment Status information in the system.

For the fiscal year 2020-21, the PFMS transaction is expected to be completed.

Every day, the Public Financial Management System processes lakhs of projects worth millions of dollars. The cumulative payment status for the financial year 2020-21 is 6,12,60,225 of Rs. 70,102 crores so far.

Request for PFMS Scholarship Renewal

  • If you'd like to renew your completed PFMS Scholarship Application for the current academic year, follow the basic steps below.
  • To begin, go to the PFMS official website at https://pfms.nic.in/NewDefaultHome.aspx.
  • Please use the log-in option on the webpage.  
  • When you select a choice, the login page appears on the screen. 
  • Select the renewal application form after clicking the login button.
  • Check the specifics and make any necessary changes to the application form.
  • Now you must fill out the new information and submit the documents.
  • Apply and keep a copy for future reference.

Procedure for giving feedback

  • To begin, go to the PFMS official website at https://pfms.nic.in/NewDefaultHome.aspx.
  • Then, on the dashboard, look to the left for the feedback option.
  • Select the input type and page that appears on the screen by clicking on them.
  • Fill out the application form with information such as your name, address, and phone number.
  • Identify,
  • e-mail address
  • the subject,
  • Observation
  • The captcha code appears on the screen.
  • After you've completed the form, click the submit button.

List of Scholarships 

PFMS Scholarships Offered by PFMS Scholarships Offered For a low-income family from a reserved group, the Public Financial Management System (PFMS) Scholarship is eligible, and the Central Government under this scheme provides financial assistance to students for current and future studies. The PFMS scholarship 2020 includes the following scholarships:

Merit Scholarship for National Purposes

  • For secondary education, the National Scheme for Incentives for Girl Children is in place.
  • SC Students may apply for a Post-Matric Scholarship.
  • OBCs may apply for a Post-Matric Scholarship.
  • SC Students are eligible for a Pre-Matric Scholarship.
  • For SC, there is a top-of-the-line education program.
  • Students at Universities and Colleges
  • Merit Enhancement for SC Students

For PFMS, a scheme-specific contact list is available.

The protocol to obtain the amount of the respective authorities or individual scheme-wise is as follows:

Step 1: Go to the PFMS Scholarship's official website, https://pfms.nic.in/.

Step 2: Go to the choices on the left-hand side of the opened sheet. 

Step 3: Choose "scheme-based contact list" from the drop-down menu. 

Step 4: A list appears, from which you can check for the scheme name.

Step 5: Instead, you can type in the name of the scheme, the scheme category type, and the scheme type.

Step 6: Select the search option, and the results will appear.

PFMS Process for Tracking NPS Payment Status

Step 1: Go to the PFMS Status official website, https://pfms.nic.in/.

Step 2: On the accessed sheet, select "Track NPS Status" from the drop-down menu. 

Step 3: Now input your bank information, account number, or NPS Application ID. 

Step 4: Type the verification code in the box provided.

Step 5: Select the search button, and the results appear on the screen.

Procedure for Logging Into PFMS

Step 1: Go to the PFMS official website, https://pfms.nic.in/

Step 2: From the drop-down menu on the homepage, choose your year. 

Step 3: Type your username and password in the boxes provided. 

Step 4: Choose the Login option from the drop-down menu. 

Location search information

Step 1: Go to the official website of the PFMS, which is https://pfms.nic.in/.

Step 2: From the drop-down menu on the homepage, choose your state. 

Step 3: Type in the name of your place. 

Step 4: Choose "View Report" from the drop-down menu.

Step 5: The details will appear on your phone.

Documents Needed for Online Application

  • Aadhaar card is a unique identification number issued by the Government of India.
  • Certificate of Education
  • Photographs in passport scale
  • Receipt for Fees
  • Information about the Bank
  • Certificate of Income
  • Certificate of Caste.

Beneficiary Guidelines Eligibility Criteria

  • The applicant must be an Indian resident.
  • The annual income of the claimant does not exceed Rs. 6 lakhs.
  • The applicant should be between the ages of 18 and 25.
  • The applicant must have completed at least 10th grade.
  • The Scheme's Major Benefits and Key Features.

Direct Benefit Transfer (PFMS)

The Central Government has mentioned that individuals who will receive a scholarship under the PFMS Scholarship 2020 program will receive the funds under Direct Benefit Transfer (DBT). The beneficiary sum will be credited directly to the students' bank accounts.

Contact Information for the Helpline

Contact us by phone at 1800 118 111 or by email at [email protected]

Frequently asked question (FAQs)

What is the aim of the PFMS scholarship?

The Public Financial Management System (PFMS) is a forum for e-payment of subsidies via Direct Benefit Transfer (DBT) to both Aadhar-based and non-Aadhar-based bank accounts through all the National Payments Corporation of India (NPCI).

How do I find out if I'm qualified for a PFMS scholarship?

Check the procedure above to determine your payment status under the PFMS Scholarship.

Is there a charge for applying?

No, it's not true.

What is the worth of the scholarship?

For each course, a different amount is expected.

What is the procedure for applying for PFMS?

Candidates will apply for the PFMS Scholarship 2020 by visiting the official website pfms.nic.in and filling out the registration form. You can also check the status of your payment only online.

Is the scholarship money deposited directly into my bank account?

Yes.

What can I do if I'm not sure if my DBT account is linked?

When you receive DBT in your account or make a transaction, the Bank will give you an SMS alert.

Is it possible for me to apply offline as well?

No, it's not true.