PFMS Scholarship - Latest PFMS Scholarship info.
The Public Financial Management System or
PFMS Scholarship is a unique initiative by Indian Government to directly transfer scholarships to the user. The concerned authorities have declared this scholarship to provide financial support to all the students who are unable to pay their fees due to poverty. Every Year, the Central Government allocates and spends a certain amount of funds to give to selective meritorious and credible students. Through the online platform of PFMS, funds are transferred to Non-Aadhar or Aadhar Based Bank Accounts of Citizens through National Payments Corporation of India (NPCI), and the entire process is governed under the Ministry of Finance. More than 82,000 students around the country are currently benefiting from this program for their different study aims. This system was first employed in four states namely Madhya Pradesh, Bihar, Mizoram, and Punjab.
ELIGIBILITY
Applicant must be an Indian Citizen
Family Income must be below Rs. 6 lacs annually
Applicant's age must be in between 18-25
Applicant must have passed at least 12th class
Applicant must be credible, i.e., scored very high marks.
FINANCIAL ASSISTANCE
PFMS distributes Rs. 1080 Crore among more than 82000 students around the country. The PFMS portal takes care of all procedures linked to learners submitting, verifying, handling, sanctioning and distribution of the scholarships. The students can easily renew their scholarships through the PFMS scholarship portal. PFMS helps many credible students as students are the assets of the country. PFMS scholarships offers different scholarship schemes to cater different categories of students.
APPLICATION PROCEDURE
Procedure to Apply for Scholarship as below:
Visit the official website portal of Public Financial Management System through the link below.
Click the option "PFMS Scholarship Student Registration" at the bottom of the page
Click on the scholarship scheme you want to go for
You've to fill the form, year of passing and the educational board
Add your financial details like bank account and IFSC code for branch verification
Add personal detail like name, phone number, email etc.
After fulfilling the above details, create your user ID and password so that you can track your account
Upload the scanned documents like, scanned copy of passport-sized photo, PDF of your marks sheet, scanned copy of applicant's signature, PDF file of premium receipt, and Aadhar card for identification and submit your application
After submitting application, applicant can check the status of its application at official PFMS website
Applicant can check the status in "Know your Payment" option at website
Applicant must add asked information to check the status of application
APPEALING OPTION FOR SOME STUDENTS
The scholarships support the nation's poor students directly. Such programs genuinely help students who come from the underprivileged background. Students that are competent and who have the ability to study more are given financial assistance. Those students who are competent or those who have the ability to study more are given financial assistance. There are various systems of scholarship for a particular level of study. The benefits of these scholarship schemes from The Public Financial Management Program will support aspiring students around the country.
PFMS SCHOLARSHIP SCHEMES LINK