PFMS Scholarship – Best PFMS Portal Guide – Register & Apply for Scholarship 2020

PFMS Scholarship
  • Scholarship is a grant given to a student to support her/his education.
  • It acts like a support system and provides a level playing field for all the students.
  • PFMS – Public Financial Management System provides scholarship schemes to further the cause of strengthening students.
  • In this post you will get all the information related to PFMS scholarship like eligibility criteria, documents required, application procedure etc.

PFMS Full Form

  • The PFMS full form is Public Financial Management System.
  • It is a public financial management reform of Government of India which monitors programs in the social sector and tracks funds disbursed.

PFMS Scholarship in Brief

Public Financial Management System grants scholarship to students belonging to economically weaker sections. Following is brief information about PFMS scholarship:

ScholarshipPublic Financial Management System Scholarship
OrganisationPublic Financial Management System
BeneficiariesStudents
BenefitsScholarship Benefits

Official WebsiteClick Here

Scholarship Schemes

The scholarship schemes are as follows:

  • Scholarship for College and University Students
  • Post Matric Scholarships for Scheduled Castes /Scheduled Tribes Students
  • SCHEME OF PRE MATRIC SCHOLARSHIP FOR  SCHEDULED CASTE STUDENTS
  • National Means Cum Merit Scheme
  • National Scheme of Incentive to Girl Child
  • Scholarship of Top Class Education For SC students
  • UPGRADATION OF MERIT OF SC STUDENTS
  • Post-Matric Scholarship for students belonging to OBCs (PMS-OBC)

Scholarship SchemesClick Here

Eligibility Criteria 

The eligibility criteria for scholarship schemes is as follows:

  • The applicant must be a citizen of India.
  • The applicant must fulfil the minimum qualifying level for the respective scholarship scheme.
  • The applicant must fall in the age group required for the respective scholarship scheme.
  • The applicant must fulfil the parental income criterion required for the respective scholarship scheme.

Bank List

The bank list for getting scholarship is as follows:

  • 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
  • RBL 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

Documents Required 

The documents required to apply for scholarship are as follows:

  • Aadhar Card
  • Education Qualification Certificates
  • Passport Size Photograph
  • Fee Receipt

PFMS Scholarship through DBT

  • The government provides Public Financial Management System scholarship through Direct Benefit Transfer (DBT) to the beneficiaries.
  • This means that the scholarship money is transferred directly to the bank account of beneficiaries thus eliminating all the middlemen and making the procedure quick and transparent.

How to Register for Public Financial Management System Scholarship

In order to register for Public Financial Management System scholarship, follow the below-mentioned steps:

  • Click on the section ‘PFMS Scholarship Student Registration’ on the home page.
  • Then select the scheme ‘Scholarship to Universities/College Students’.
  • Select Year of passing class 12th and Education Board.
  • Enter your Bank account number and IFSC code of your bank’s branch.
  • Now click on the drop-down menu and select category.
  • Click on ‘Search’.
  • The system will search the name and automatically fill-up the form shown.
  • Enter Mobile number and email ID.
  • Create a user ID and password.
  • Enter the captcha.
  • Upload the documents and finally click on ‘Submit’.
  • You will be registered for PFMS scholarship.

PFMS Know Your Payment

PFMS know your payment, follow the below-mentioned steps:

  • Visit the official website ‘https://pfms.nic.in/‘.
  • Click on ‘Know your Payments’ section on the home page.

  • Enter the details asked.
  • Click on ‘Search’ option.
  • You will get your details.

How to Track NSP Payments

In order to track NSP payments, follow the below-mentioned steps:

  • Visit the official website ‘https://pfms.nic.in/‘.
  • Click on ‘Track NSP Payments’ section on the home page.

  • Enter the details asked.
  • Click on ‘Search’ option.
  • You will get your details.

How to Know Scheme Wise Contact List

In order to know scheme wise contact list, follow the below-mentioned steps:

  • Visit the official website ‘https://pfms.nic.in/‘.
  • In the menu on left-hand side, go to ‘Scheme Details’ section.
  • In the drop-down menu, click on ‘Schemewise Contact List’.
  • Here you can enter Scheme name, Scheme Group type, Scheme Type and Search for it or you can find the scheme from the list given below.

  • You will get the information.

How to Login

In order to login, follow the below-mentioned steps:

  • Visit the official website ‘https://pfms.nic.in/‘.
  • Click on ‘Login’ on the home page.
  • Select year from the drop-down list.

  • Enter your ‘Username’ and ‘Password’.
  • Click on the ‘Log In’ button.

How to Search Location Details

In order to search location details, follow the below-mentioned steps:

  • Select your state from the drop-down list.
  • Enter your location name.
  • Click on ‘View Report’ option.
  • You will get your location details.

Public Financial Management System Project Cell Help Desk

In order to contact Public Financial Management System Project Cell, use the following details:

State Level ICAS Nodal Officers Contact Details

In order to know state level ICAS Nodal Officers contact details, click on the following link:

State Level ICAS Nodal OfficersClick Here

Benefits of Public Financial Management System Scholarship

The benefits of Public Financial Management System scholarship are as follows:

  • Public Financial Management System provides scholarship to students who have outstanding academic performance.
  • This is particularly beneficial for students belonging to economically backward sections and help them achieve a bright future ahead.

Public Financial Management System Transactions

The Public Financial Management System transactions are as follows:

  • Public Financial Management System makes crores of transactions.
  • You can check daily transactions and financial year transactions on the home page.

PFMS Status

The PFMS status is as follows:

  • Students can apply for PFMS scholarship online easily.
  • PFMS is compatible with 90 banks.
  • PFMS transfers the scholarship grant directly to the bank accounts of students.
  • Agencies can register with PFMS online.

PFMS Scholarship Questions & Answers

Following are some of the Frequently Asked Questions (FAQs) regarding PFMS scholarship:

Q. PFMS Bank List?

A. Following is the 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
  • RBL 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

Q. PFMS Yojana?

A. PFMS Yojana:

  • The PFMS yojana provides scholarship schemes to students who perform outstandingly in their academics.
  • This helps students belonging to economically weaker sections to focus on their studies and not worry about the finances.
  • Students can avail PFMS scholarship under PFMS yojana by applying online easily.
  • The scholarship money is directly transferred to their bank accounts and the students are not troubled by any middleman.

Q. PFMS Full Form?

A. PFMS full form:

  • The PFMS full form is Public Financial Management System.
  • It is a public financial management reform of Government of India which monitors programs in the social sector and tracks funds disbursed.

Q. How to apply for PFMS?

A. Follow the below-mentioned steps to apply for PFMS:

  • Visit the official website ‘https://pfms.nic.in/‘.
  • Click on the section ‘PFMS Scholarship Student Registration’ on the home page.
  • Then select the scheme ‘Scholarship to Universities/College Students’.
  • Select Year of passing class 12th and Education Board.
  • Enter your Bank account number and IFSC code of your bank’s branch.
  • Now click on the drop-down menu and select category.
  • Click on ‘Search’.
  • The system will search the name and automatically fill-up the form shown.
  • Enter Mobile number and email ID.
  • Create a user ID and password.
  • Enter the captcha.
  • Upload the documents and finally click on ‘Submit’.
  • You will be registered for PFMS scholarship.

Q. PFMS DDUGKY?

A. To know about Public Financial Management System Deen Dayal Upadhyaya Grameen Kaushalya Yojana (PFMS DDUGKY), visit the following link:

PFMS DDUGKYClick Here

Q. PFMS LYBXASD?

A. The Public Financial Management System (PFMS) links the financial networks of Central, State Governments and the agencies of State Governments.

  • PFMS provides Direct Benefit Transfer (DBT).
  • PFMS complies with Centrally Sponsored Scheme (CSS).
  • PFMS complies with Central Sector (CS) Schemes.

Q. PFMS Scheme Details?

A. In order to know the PFMS scheme details, follow the below-mentioned steps:

  • Visit the following link ‘Scholarship Schemes’.
  • Here you will get the list of all PFMS scholarship schemes.
  • You will get complete details about the scholarship schemes by clicking on them.

Q. PFMS CBS?

A. Under Processing (Bank CBS):

  • Sometimes Under Processing (Bank CBS) is shown in your PFMS account.
  • In the date section, 01/01/0001 is shown.
  • In such case, you should not worry as it appears due to some delays in transactions and the scholarship money comes within 1-2 months.
  • You should not panic as the scholarship money is already showing in your PFMS account and its just that the transaction has delayed.
  • For further information, you may contact PFMS help desk or your concerned Bank branch.

Q. How can I check my PFMS balance?

A. In order to check your PFMS balance, follow the below-mentioned steps:

  • Visit the official website ‘https://pfms.nic.in/‘.
  • Click on ‘Know your Payments’ section on the home page.
  • Enter the details asked.
  • Click on ‘Search’ option.
  • You will get your details.

Q. What is meant by PFMS in bank account?

A. PFMS in bank account:

  • PFMS is Public Financial Management System.
  • PFMS provides many scholarship schemes for students and act as a supporting system in their quest for a bright future ahead.
  • If your bank account shows ‘Amount credited by PFMS’, it means PFMS transferred scholarship money into your account directly.

Q. How can I link my PFMS to my bank account?

A. In order to link your PFMS to your bank account, follow the below-mentioned steps:

  • Visit the PFMS portal ‘https://pfms.nic.in/‘.
  • Login using your details.
  • In the menu on left-hand side, go to ‘My Schemes’ section.
  • In the drop-down list, click on ‘Register New Scheme’ option.
  • Then select your scheme and enter your bank details.
  • Lastly click on ‘Save’ button and your bank details will be updated.

Q. How can I get PFMS scholarship?

A. In order to get PFMS scholarship, follow the below-mentioned steps:

  • Firstly checkout the scholarship schemes on the PFMS portal by clicking on the following link PFMS Scholarship Schemes’.
  • Select the scholarship scheme which meets your eligibility.
  • Register on the PFMS portal.
  • Then apply for the scholarship you selected and you will get the PFMS scholarship after due processes.

PFMS User ManualClick Here

FAQsClick Here

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Sarkari Yojana

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