Home » PFMS Scholarship 2022: Types of Scholarships, How to Apply, Eligibility, Documents Required, Scholarships Renewing Steps

PFMS Scholarship 2022: Types of Scholarships, How to Apply, Eligibility, Documents Required, Scholarships Renewing Steps

The Ministry of Finance, Government of India, developed the PFMS Scholarship central government initiative to offer financial aid to students whose parent’s income is less than 6 lakhs and who cannot cover the costs of attending school. The Controller General of Accounts created and implemented the PFMS Scholarship, a web-based online application system, through which the government awards scholarships in accordance with the public financial management system.

Under this, students who wanted to continue their education but were unable to do so owing to a lack of funds are given assistance to do so. You can go to the official website and submit an online application to take advantage of the scholarship programme. You must be familiar with all the fundamental information regarding the PFMS Scholarship prior to applying.


PFMS Scholarship 2022 Overview

The following are the main points concerning the PFMS Scholarship 2022:

Particulars Details 
Scholarship Name Public Financial Management System Scholarship
Developed by Controller General of Accounts, Dept of Expenditure, Ministry of Finance
Launched By Public Financial Management System
Scholarship Objective To provide scholarships to the students
Beneficiaries Students
Scholarship Amount Up to Rs. 3,72,000
Official website pfms.nic.in

Different Scholarships under PFMS Scholarships

Under the PFMS Scholarship, many scholarships are available for various student groups. These consist of:

  • The PFMS Scholarship for Up-gradation of Merit of SC Students
  • The PFMS Scholarship Pre-Matric Scholarship for SC Students
  • The PFMS Scholarship Top Class Education Scheme for SC
  • The PFMS Student Scholarship National Means cum Merit Scholarship
  • The PFMS Scholarship to Universities/College Students
  • The PFMS Scholarship National Scheme for Incentive for the girl child for secondary education
  • The PFMS Scholarship for Post-Matric Scholarship for OBCs
  • The PFMS Post Matric Scholarship for SC Students

Banks Linked with PFMS

The public financial management system, which offers PFMS Scholarships to students, includes a number of banks. The beneficiaries’ bank accounts are where the scholarships are transferred to.

This bank’s list of services includes:

  • NKGSB Co-op Bank Ltd
  • Tamil Nadu Mercantile Bank Ltd
  • Punjab National Bank
  • Citi Bank
  • The Federal Bank Ltd
  • The Jammu and Kashmir Bank Ltd
  • Allahabad Gramin UP Bank
  • Corporation Bank
  • Bassein Catholic Co-op. Bank Ltd.
  • Deutsche Bank
  • HSBC
  • Vijaya Bank
  • Madhya Bihar Gramin Bank
  • Andhra Pragathi Grameen Bank
  • IDBI Bank
  • City Union Bank Ltd
  • Syndicate Bank
  • HDFC Bank
  • South Indian Bank
  • Axis Bank
  • Standard Chartered Bank
  • The Thane Janata Sahakari Bank Ltd
  • Kotak Mahindra Bank
  • Bank of Bahrain and Kuwait
  • The Central Bank of India
  • Dena Bank
  • Indian Bank
  • Andhra Bank
  • Union Bank of India
  • ICICI Bank
  • Catholic Syrian Bank Ltd.
  • New India Co-operative Bank Ltd
  • Indian Overseas Bank
  • SVC Co-operative Bank Ltd.
  • Karur Vysya Bank
  • The Saraswat Co-operative Bank Ltd
  • United Bank of India
  • The Cosmos Co-operative Bank Ltd.
  • Bank of Baroda
  • Karnataka Bank
  • Manipur state Co-op. Bank Ltd.
  • Bombay Mercantile Co-op. Bank Ltd.
  • DCB Bank Limited
  • Canara Bank
  • Yes Bank Ltd
  • UCO Bank
  • IndusInd Bank Limited
  • Abu Dhabi Commercial Bank
  • State Bank of India
  • Bank of Maharashtra
  • RBL Bank
  • Jharkhand Gramin Bank
  • Oriental Bank of Commerce
  • Dhanlaxmi Bank Ltd
  • The Lakshmi Vilas Bank Ltd
  • Punjab and Sind Bank
  • Allahabad Bank
  • The Kalupur Commercial Co. op. Bank Ltd.
  • Bank of India

Direct Benefit Transfer through PFMS

Through the Public Financial Management System, the central government has taken advantage of the offer to directly transmit benefits to the recipients of the various government-announced initiatives. By immediately depositing benefits into the bank accounts of the recipients of the programmes announced from time to time by the central government, this initiative will assist in cutting out the middlemen from the equation.


PFMS Scholarship Benefits 2022

The purpose of the PFMS Scholarship is to aid students who want to advance their education. The following are some of the program’s advantages:

  • The PFMS Scholarship serves as a common focal entrance for registering awardees and organisations.
  • The likelihood of misdirected instalments is decreased because the instalments are only released when the recipient’s bank or post office has verified and approved the account details.
  • 90 banks have worked directly with PFMS, including 59 RRBs, 5 large Private Sector Banks, and 26 PSBs.
  • The executing agency may only make e-instalments directly through the PFMS gateway to the recipient’s approved bank accounts.
  • With the approved information provided by the post office/bank, the scholarship’s implementing agency maintains an eye on the specifics of the beneficiaries’ names, addresses, and other information.

PFMS Scholarship Eligibility Criteria 2022

The qualifying requirements of the scholarship are the first and most crucial item that applicants must verify before applying. In order to be qualified for the scholarship, the applicant must:

  • A citizen of India.
  • Applicants must be between the ages of 18 and 25.
  • Must have passed 10th grade.
  • Whose family’s annual income must be less than Rs. 6 lakh.

PFMS Scholarship Application Process 2022

Candidates must adhere to a series of steps in order to apply for the scholarship programme. Below is a step-by-step description of how to register for the PFMS Scholarship:

  • Step 1: Access the Public Financial Management System’s official website (PFMS) at www.pfms.nic.in
  • Step 2: After the homepage loads, select “PFMS Scholarship Student Registration.”
  • Step 3: Choose your scheme from the popup that appears. Choose “Scholarship to Universities/College Students,” for instance.
  • Step 4: After choosing the plan, such as the one we chose earlier, choose the specifics such as the Education board and Year of graduation from 12th grade.
  • Step 5: Fill up the window that displays your bank information such as the applicant’s bank account number and the branch’s IFSC code for the bank you entered.
  • Step 6: After inputting the information, choose the category from the drop-down option.
  • Step 7: Click “Search” after providing this information. The system will conduct an automatic search using the information you have provided, and a filled-out form will appear on the screen.
  • Step 8: Next, submit your information, including your email address and mobile number.
  • Step 9: Once you’ve finished the previous steps, create a user name and password and enter the captcha on the screen that is provided below.
  • Step 10: After generating your ID and filling out all the required information, upload your documents and press the submit button.

Documents Required for PFMS Scholarship

When submitting an application for the PFMS Scholarship, you must complete the form and upload some necessary files. These records consist of:

  • ID proof like an Aadhar card.
  • Passport size photo.
  • Passing certificate of class 12th.
  • Other educational certificates.
  • Fees Receipt.

How to login on to the PFMS Portal

Here are some procedures to take if you want to log in to the portal after enrolling on the PFMS:

  • Step 1: Go to www.pfms.nic.in, the PFMS website’s official domain.
  • Step 2: In the upper right-hand corner of the home window, there is a login option. Press the “login” button.
  • Step 3: Enter your user id and password in the new window that appears once you click the login button.
  • Step 4: Click the “login” button after providing your username and password.

How to Know About Your Payment?

You must follow a few easy actions to access your payments on the PFMS if you wish to know about them. These actions comprise:

  • Step 1: The first thing you should do is go to the PFMS website.
  • Step 2: Locate and select the “Know Your Payment” option from the PFMS’s home screen.
  • Step 3: Fill out the “Know Your Payment” window with all the necessary information.
  • Step 4: Press the “search” button after providing all the necessary information. On the screen, a page where you can see your payment will appear.

How to Track NSP Payments?

  • Step 1: The first thing you must do is go to the PFMS website, which is located at www.pfms.nic.in.
  • Step 2: Locate and select the “Track NSP Payment” option from the PFMS’s home screen.
  • Step 3: Enter your bank name or account number, the NSP Application id, and the captcha code in the “Track NSP Payment” window.
  • Step 4: Press the “search” button after providing all the necessary information. You can follow your NSP payments on the screen after it appears.
Relevant Links
Gujarat TET Vidyasiri Scholarship Aikyashree Scholarship
Pre Matric Scholarship ePass Scholarship NMMS Scholarship

Scheme Wise Contact List in PFMS Scholarship

You can access the information by following the procedures outlined below to learn more about the many government programmes in operation or to obtain information about the agencies or individuals responsible for each programme.

  • Step 1: The first thing you must do is go to the PFMS website, which is located at www.pfms.nic.in.
  • Step 2: Locate and select the “scheme-wise contact list” option on the PFMS home screen’s left side of the window.
  • Step 3: A list of the scheme will appear on the screen where you can find the desired scheme. To find the appropriate scheme, you can also search using the scheme name, scheme group type, and scheme type.
  • Step 4: Press the “search” button, and all the data will be shown.

Steps to Check the Location Search Details on the PFMS Portal

You must follow the instructions below if you want to find the location search details on the PFMS portal:

  • Step 1: The first thing you must do is go to the PFMS website, which is located at www.pfms.nic.in.
  • Step 2: On the PFMS’s home screen, select your state by clicking the drop-down menu.
  • Step 3: Fill out the window with your location.
  • Step 4: Select “View Report” from the menu, and all the information will be shown on your screen.

PFMS Scholarship Application Renewal

Candidates must complete the renewal application form for the scholarship if they have previously applied and wish to do so again. The following is a step-by-step description of how to complete the PFMS Scholarship renewal application form:

  • Step 1: Go to www.pfms.nic.in, the PFMS website’s official domain.
  • Step 2: On the home window, the upper right corner of the screen has a login option. Press the “login” button.
  • Step 3: Enter your user id and password in the new window that appears once you click the login button.
  • Step 4: Click the “login” button after entering your ID and password, then choose the renewal application form.
  • Step 5: Review every detail you’ve already input and make any necessary updates.
  • Step 6: Enter any new information that was requested and upload the necessary files.
  • Step 7: Press the submit button to turn in the application for renewal. You can print out the same page if you’d like to utilise it later.

Steps to Get the PFMS Login Details if Already Registered

  • Step 1: The first thing you must do is go to the PFMS website, which is located at www.pfms.nic.in.
  • Step 2: Select “Get Login Details If Agency Is Already Registered” on the PFMS’s home page.
  • Step 3: A new screen will open where you must input your login ID, email, special agency code, account number, and word verification.
  • Step 4: Press the submit button. You will receive the login information for the agency that has already registered after these steps are finished.

Managing Registered Agency

  • Step 1: The first thing you must do is go to the PFMS website, which is located at www.pfms.nic.in.
  • Step 2: Select the “Manage Agency” option from the PFMS’s main screen.
  • Step 3: A new page where you can enter information such as the scheme, agency status, agency type, state, district, etc. will display on the screen.
  • Step 4: Select the “search” button.
  • Step 5: All necessary information will appear on the screen.

Precautions to be Taken While Filling the PFMS Form

  • You must be extremely cautious while entering information into the application form on the PFMS site. The following are some safety considerations you should take when completing the PFMS application form:
  • Before submitting an application, review the qualifying requirements to see whether you qualify.
  • With care and accuracy, fill in all the necessary columns marked with an asterisk.
  • The PFMS registration form’s information needs to be filled out with extreme attention.
  • Before uploading any documents, make sure they meet the appropriate dimensions.
  • Ensure that the Aadhar card is connected to your bank account.
  • For later use, print out the application form.

Steps to View PFMS Bank Branch Details

  • Step 1: The first thing you must do is go to the PFMS website, which is located at www.pfms.nic.in.
  • Step 2: Select the navigation bar on the PFMS’s home screen. Select Bank Branch from the menu bar.
  • Step 3: A new window will now display on the screen. Enter the necessary information, such as the bank’s name, IFSC code, branch location, and BSR code.
  • Step 4: After providing the information, press the “search” button.
  • Step 5: All the necessary information will show up on the screen once you hit the search button.

Bank Merger IFSC Mapping

Step 1: Go to www.pfms.nic.in, the PFMS website’s official domain.
Step 2: Select the navigation bar on the PFMS’s home screen. Click on Bank Merger IFSC Mapping from the menu bar.
Step 3: A new window will open on the screen, allowing you to choose the name of the lead Bank and the merger bank.
Step 4: After entering the captcha code, press the “search” button. All of the necessary information will be displayed on the screen after you click the “search” button.


Steps to Download PFMS Scholarship Orders and Circulars

  • Step 1: The first thing you should do is go to the PFMS website.
  • Step 2: Select the navigation bar on the PFMS’s home screen. Choose Orders and Circulars from the menu bar.
  • Step 3: Select the link of your choice on the new window that displays all of the orders. On the screen, a PDF document with all the necessary information will display; you can download the document for more information.

The material described above provides a thorough overview of the PFMS Scholarship, which is a financial aid programme provided by the Indian government to students who wish to continue their education but whose family income is insufficient to do so.


PFMS Scholarship FAQs

Does the scholarship arrive in our bank accounts immediately?

The scholarship will be directly transferred to the recipients’ bank accounts under the PFMS’s direct benefit transfer policy. Above are listings of the banks associated with the PFMS Scholarship.

Can we trace the payment that the PFMS released?

Yes, the PFMS interface allows you to trace your payment. You can follow the comprehensive instructions outlined in the aforementioned article to trace the payment on the PFMS portal.

Is there an online or offline registration process for the PFMS Scholarship?

Application forms for the PFMS Scholarship must be filled out online. The page above has provided a full description of how to register for the PFMS Scholarship.

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