PFMS stands for Public Financial Management System. It is a project by the Government of India that looks into the social sector programs and provides scholarships to the backward classes. The Indian Government drafted this scheme to ensure that the financial aid is reaching the people that it has been targeted too. The PFMS consists of a variety of scholarships. This scheme mainly aims to the category of candidates who belong to the poor and financially backward class who are not able to afford education due to the lack of money and resources. This scholarship provides many incentives to the candidates who belonged to marginalized communities, Schedule Casts, Scheduled Tribes, and Economically Backward Classes. In this article, you will get complete information about the PFMS Scholarship, its eligibility, application process, benefits, and all other important details.
Advantages of PFMS Scholarship
The PFMS Scholarship is a very beneficial scholarship for students. It advantages has been mentioned below:
- Online Process: PFMS has its official site and all the conventions, from checking the qualification and applying for the scholarship are to be possible through the official site of the PFMS. The online gateway makes the whole procedure simple and accessible to everybody.
- Easy checking of Eligibility Criteria: Checking the qualification rules for the scholarship is exceptionally simple. A candidate can check their competency for the scholarship process on the online platform. There is a different area that gives a point by point data about the eligibility of the candidate
- Easy Registration: The PFMS has its official site, and enlistment should be possible just through this online entryway. This procedure spares time as the candidate isn’t required to go to any office to apply for the grant and remain in long lines. This likewise guarantees the advantages of the grant are reached to all the candidates in any part of the nation.
- Transparent: As the whole process is done online, and all the guidelines and procedures are listed online, there is very little to no probability of any loophole. Only the candidates who deserve the scholarship get them and the benefits reach directly to the student.
- Easily Track Payment Status: The candidates can easily track their application and know the status of their payment. There is a devoted section on the website to check the payment status.
- Privacy: All the information that is provided online remains safe on the portal and there is no chance of leakage of the information. The login credentials for all candidates are unique and no outsider can fetch any personal information.
PFMS Highlights
| Aided By | Government of India |
| Name of The Scholarship | Public Financial Management System (PFMS) Scholarship 2020 |
| Category | Scholarships |
| Eligibility | X Pass |
| Website | pfms.nic.in |
| Beneficiaries | Students |
PFMS Eligibility Criteria
The candidates applying for the PFMS Scholarship must fulfill the eligibility criteria. The candidates who fail to meet these criteria will not be eligible to apply for this scholarship. The complete eligibility criteria are given below:
Each scholarship has specific eligibility criteria and the candidate must fulfill those particular criteria for the respective scholarship. The candidates with multiple form entries will not be eligible and in such cases, their candidature will lead towards cancellation.
- The candidate applying for the scholarship must be a citizen of India
- The family income of the candidate applying for the scholarship must be lesser than INR 6,00,000 per annum.
- The applicant must fall between the age of 18 to 25
- The candidate applying for the scholarship must have passed class X.
List of Scholarships provided under the PFMS
- PFMS 2019 Post Matric Scholarship for SC Students
- PFMS Scholarship 2019 National Scheme for Incentive for the girl child for secondary education
- PFMS Scholarship 2019 to Universities/College Students
- PFMS Student Scholarship National Means cum Merit Scholarship
- pfms.nic.in scholarship 2019 Top Class Education Scheme for SC
- pfms.nic.in scholarship for Post-Matric Scholarship for OBCs
- The PFMS Scholarship 2019 Pre-Matric Scholarship for SC Students
- The pfms.nic.in scholarship for Up-gradation of Merit of SC Students
PFMS Bank List
- Abu Dhabi Commercial Bank
- Allahabad Bank
- Allahabad Gramin UP Bank
- Andhra Bank
- Andhra Pragathi Grameena Bank
- Axis Bank
- Bank of Bahrain And Kuwait
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Bassein Catholic Co-Op.Bank Ltd.
- Bombay Mercantile Co-Op.Bank Ltd.
- Canara Bank
- Catholic Syrian Bank Ltd.
- Central Bank Of India
- Citibank
- City Union Bank Ltd
- Corporation Bank
- Dcb Bank Limited
- Dena Bank
- Deutsche Bank
- Dhanlaxmi Bank Ltd
- Hdfc Bank
- Hsbc
- Icici Bank
- IDBI Bank
- Indian Bank
- Indian Overseas Bank
- Indusind Bank Limited
- Jharkhand Gramin Bank
- Karnataka Bank
- Karur Vysya Bank
- Kotak Mahindra Bank
- Madhya Bihar Gramin Bank
- Manipur State Co-Op.Bank Ltd.
- New India Co-Operative Bank Ltd
- NKGSB Co-op Bank Ltd
- Oriental Bank Of Commerce
- Punjab And Sind Bank
- Punjab National Bank
- RBI Bank
- South Indian Bank
- Standard Chartered Bank
- State Bank Of India
- SVC Co-Operative Bank Ltd.
- Syndicate Bank
- Tamil Nadu Mercantile Bank Ltd
- The Cosmos Co-Operative Bank Ltd.
- The Federal Bank Ltd
- The Jammu and Kashmir Bank Ltd
- The Kalupur Commercial Co. Op. Bank Ltd.
- The Lakshmi Vilas Bank Ltd
- The Saraswat Co-Operative Bank Ltd
- The Thane Janata Sahakari Bank Ltd
- Uco Bank
- Union Bank Of India
- United Bank Of India
- Vijaya Bank
- Yes Bank Ltd
How to apply for the PFMS Scholarship 2020
The candidates interested in benefitting from this scholarship can apply for it by following the steps given below:
- Visit the official website of PFMS
- Click on the “PFMS Scholarship Student Registration”
- Select the “Scholarship to Universities/College Students” tab.
- Enter your educational qualifications
- Enter your bank details like account number and IFSC Code
- Select your category from the drop-down menu
- Enter your mobile number
- Click on the “Verify” button and enter your email address
- Register on the website by creating user ID and password by filling in the details
- Fill the captcha
- Upload your documents
- Click on “Submit”
Documents required to apply for PFMS
The candidates must have the following documents and keep them handy before applying for the PFMS Scholarship:
- Aadhar card for identification purposes
- Educational certificates
- Class X and/or XII passing certificate
- Passport size photographs
- Fee receipt
How to know your payment status
The PFMS portal makes direct transfers of grants and amounts to the beneficiaries so that there are no chances of leakage or corruption. They provide the facility to check the status of your payment online. The candidates can check the steps given below to know their payment status:
- Visit the official website of PMFS Scholarship or click on this link
- Click on the “Know your payments” tab on the home page.
- A new page appears.
- Enter the first few letters of your bank
- Enter your account number
- Re-enter the account number for verification purpose
- Enter the captcha code
- Click on Search
How to Track NPS Payment Status under PFMS
- Visit the official website of PFMS
- Click on the “Track NPS Status” option on the home page
- Now, enter your bank name, account number and/or NPS Application ID
- Enter the verification code
- Click on the “search” button
- Information is displayed on the screen
Helpdesk
In case of any discrepancies, the candidates can contact the authorities on the details mentioned below:
- Mr. Nikhil Sharma: 8700171462
- Mr. Abhishek Rai: 8368423186
- Mukul Prasad: 9074153883
- Mr. Munesh Kumar Sharma: 7417175253
- 1800 118 111 or 01123343860 or email at helpdesk-pfms@gov.in