PFMS Scholarship 2021

Overview:

PFMS Scholarship is a web-based application. It has been designed for monitoring different schemes of Scholarship. The candidates would also be able to track down the payment status through the official portal. There is also a designated eligibility criterion. It can of course be different as per the scholarship scheme that you choose. The information on different scholarship schemes is available on the website of MFPS as well. The funds of the scholarship get credited directly to the bank account of the candidate and sometimes even to the post office account. For this, the use of a direct benefit transfer system is done.

Benefits Of The PFMS Scholarship:

The major advantage of this scheme is the scholarship distribution for all those students who are hoping to deliver some outstanding performance in higher education that too in some well-known universities and colleges. The opportunity shall be important for those students who are now pursuing their higher education in renowned colleges and Universities. It shall be an advantage for the poor belonging to an economically backward society. It is now possible for the students to continue their dream of education and career without stressing themselves due to poverty and finance.

Documents Needed:

To apply for the scholarship and check the PFMS Payment Status, the applicant must make sure that all the important documents are ready with the person. For this, the documents that are needed are:

• Aadhar card for identification purposes

• Educational certificate

• Class 12th passing certificate

• Passport size photographs

• Fee receipt

• DBT Through PFMS

It has been declared by the central government to offer the DBT under the scheme that has been chosen to be made available in the selected regions of the nation with the effect from 1.1.2013. With this initiative, the amount of the beneficiary shall be directly transferred to the bank account of the person who shall be enrolling themselves for the scholarship. This would help all the people to have a direct advantage available which is nothing but an incentive so that the role of middleman gets eliminated from the whole process.

List of PFMS Scholarship Schemes

Different PFMS scholarship schemes that are available so far

• PFMS national means cum merit scholarship

• PFMS scholarship for students in colleges/universities

• Post-matric scholarship for OBC category

• National scheme of incentive to girl students for secondary education

• PFMS merit scholarship up-gradation scheme of SC category students

• Pre-matric scholarship for SC category students

• Post-matric scholarship for SC category students

• PFMS top-class education scheme for SC category

About PFMS Scholarship for Students in Colleges/ Universities

For this scheme, students who are undergraduate or opted for post-graduate courses can apply to the scholarship scheme offered by the Ministry of Education. The candidates have the scope to even renew their scholarships every year once they match the criteria. There are more than 82000 students who get selected each year.

Eligibility Criteria

• Candidates should be between 18-25 years of age.

• The applicant must be a citizen of India

• The applicant must be between the age of 18 to 25 years

• Candidates should have secured the top 20% position in the Class XII examination.

• The family income should not exceed INR 6,00,000 per annum.

• Annual family income must be below Rs. 6 lacs

• The applicant must have at least passed class 10th

• Scholarship Benefits

• An amount of INR 1,000 per annum is given to students doing 3 years of graduate

• students doing postgraduate courses are entitled to get INR 2,000 per month.

• The monthly reward of INR 2,000 can be given to students who choose professional studies in the fourth and fifth year.

About PFMS Scholarship for SC Category Students

This type of Scholarship is called the pre-matric scholarship for SC students that is offered by the Ministry of Education. The primary focus of this scheme is to offer better educational choices to the students who are quite deserving. This is a centrally-sponsored scholarship where students can enroll online through their respective state portals.

How to register for PFMS Scholarship 2021

• To apply for the PFMS Scholarship, students must follow the process of registration that is:

• To visit PFMS Scholarship  https://pfms.nic.in/ and click on the PFMS Scholarship Student Registration.

• The scheme page will open in which you have to choose Scholarship to Universities/College Students

Fill up the following details:

• Bank account number with IFSC code

• To find the IFSC code, you can choose from the drop-down menu and select the category and then search

• Year of passing class 12th along

• Education Board

• Mobile number

• Email ID.

• Fill up the captcha code given below.

• Once you fill up all the details and upload all the documents, you can then click on submit button

National Scholarship Portal

The PFMS has a functioning interface with more than 90 Banks directly.  These 26 PSBs, 59 RRBs, and 5 Private Sector Banks are enormous. It also approves the Post Office Account that has the subtleties with the recipient’s Post Office. This ensures the cash is moved to the approved applicant and thus reduces the risk of misled installments. Banks list that must tie-up with this scholarship scheme and know your payment

• Abu Dhabi Commercial Bank

• Allahabad Gramin UP Bank

• Bassein catholic co-op.bank ltd.

• The central bank of India

• City union bank ltd

• Andhra Pragathi Grameena bank

• PFMS Bank List

• Allahabad Bank

• Andhra bank

• Bank of India

• Bombay mercantile co-op.bank ltd.

• Catholic Syrian bank ltd.

• Citibank

• Axis bank

• Bank of Baroda

• Bank of Maharashtra

• Bank of Bahrain and Kuwait

• Canara bank

• Corporation bank

Conclusion:

This scheme was started in the year 2008-2009 where the PFMS portal was initially intended for monitoring the four flagship schemes of the Government of India called SSA, MGNREGS, NRHM, and PMGSY which is in the state of Punjab, Madhya Pradesh, Bihar, and Mizoram. It is then linked to the financial network of the state government. Later in the year 2013, the Government announced the DBT scheme that can be implemented through the portal. Due to this the scholarship payments and pension schemes were available with direct transfer to the beneficiary in less time.

Questions and Answers:

How will a student check the balance of his/her PFMS scholarship?

These students need to verify the balance online using PFMS by filling up details like NSP application ID, Bank name, account number

How to check the government scholarship in PFMS?

The students need to visit the home page of PFMS and choose the Scheme Listing option that can be found under the ‘Scheme Detail section of the menu.