PFMS Scholarship 2021 List, Payment Status, Eligibility, Rewards

PFMS Scholarship 2021: Financial schemes or grants offered with the intention to aid students’ education are usually carried out in the form of scholarships. In our country, a vast majority of the student community cannot afford educational costs because of their poor financial conditions. We are hosting this valuable article on our website, which provides useful information to students about the Public Financial Management System scholarship for the year 2021. The article has been thoroughly addressed to include every component of the scholarship, which is custom designed by the Public Financial Management System. The article covers important factors associated with the scholarship, including eligibility criteria, the detailed application process, documents required to apply for the PFMS yojana, and the process to know the payment in the scholarship.

pfms.nic.in List 2021

The prestigious scholarship offered by respective authorities concerned helps students obtain financial funds in case they are coming from poor financial and economic backgrounds. The directive implementation measures of this scholarship are intended to serve as incentives to students who are facing poverty at home. These schemes mainly support students coming from different backward categories like Scheduled Caste(SC), Scheduled Tribe (ST), other backward castes, and other economically backward classes.

PFMS Scholarship 2021 Highlights

The biggest takeaway of the public financial management system PFMS Scholarship for the year 2021-22 is disseminating scholarships to all needy and deserving students who are outstanding performers in academics at the higher education level, studying in various colleges and universities across the country. This golden offer is aimed for the welfare of millions of students who belong to society’s social and economically poorer sections. By availing of this scholarship, candidates can rest assured about pursuing their higher studies without worrying about the cost factors and financial hurdles that may come their way.

List of Scholarships under PFMS

The list below indicates the scholarships offered under PFMS Scholarship 2021-22:

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

Eligibility Criteria

To apply for the scholarship, students need to adhere to the following eligibility conditions cited below:

• All applicants must be citizens of India.
• The annual family income must not be above INR 6 lakhs.
• The age of the applicant should be between 18 to 25 years only.
• Applicants should have at least passed matriculation to apply for the scholarship.

PFMS Bank List

• Abu Dhabi Commercial Bank
• Allahabad Bank
• Allahabad Gramin UP Bank
• Andhra Bank
• Andhra Pragati 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 Ltd
• 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-op. 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

Students need to submit the following documents to apply for the scholarship:

• Aadhar card for identification purposes
• Educational certificates
• Class 12th board exam passing certificate
• Fee Receipts

DBT through PFMS

The Central Government has hereby directed fund transfer through Direct Benefit Transfer (DBT), particularly for chosen schemes pertaining to specifically chosen regions of the nation with effect from 01.01.2013. On account of this initiative, students entitled to receive the scholarship grant shall obtain the scholarship amount directly into their bank accounts. This type of direct transfer of scholarship amount rules out any foul play or misuse of funds by middlemen and assures that the amount is credited to the right students covered under the scheme.

Learn more about NSP Scholarship 2021

Benefits of PFMS Scholarship

The PFMS portal offers a variety of benefits to students, and some of the advantages are discussed below:

• Candidates and organisations engaged in enrolling candidates for scholarships can use this incentive as a screening gateway for purposes of selection and elimination.
• The close association of PFMS with almost 90 banks in the country calls for a massive interface distribution. The list also includes around 26 PSBs, 59 RRBs, and five well-known Private Sector Banks.
• PFMS regulates funds based on the holder’s bank account/ post office account and attaches it to the corresponding bank account/ post office account of the recipient. This ensures higher transparency of scholarship amount credit operations and rules out the possibility of hanging installments that are unresolved due to lack of proper connectivity between accounts.
• All implementation task agencies conduct background checking of the name, address, and other vital details of the recipient about his bank/post office account.
• Implementing the schemes can directly forward e-installments corresponding to the recipient’s financial balances straightaway through the PFMS payment gateway.

Registration Process under PFMS Scholarship 2021

All aspiring candidates need to understand and follow the registration process given below to apply for the scholarship:

• First of all, please visit the official website – [pfms.nic.in]

• Once you enter the homepage, click on the “PFMS Scholarship Student Registration” Option.
• Check the options and select the “ Scholarship to Universities/ College Students” Scheme.
• Click on these details and select them:
  • Year of Passing Class 12th
  • Board of Education
• The following details should be entered carefully.
  • Bank Account number details
  • IFSC Code of the bank branch where the student has an account
• Select the ‘Category’ from the drop-down menu.
• Click on the ‘Search’ button.
• An automated search process shall begin, and based on the results deciphered, the form shall be auto-filled by the system.
• Students should enter these details:
  • Mobile Number
  • E-mail ID
• Next, create a valid user ID and password.
• Identify the captcha code and enter the correct code in the box.
• Upload all relevant documents as required.
• Click on the ‘Submit’ button.

PFMS Login – Procedure to login on the PFMS Portal

Once the login details are created for the student, these steps can be used to login into the portal:

• Visit the official website of the Public Financial Management System
• You will be directed to the homepage
• Once the homepage is opened, you can locate the “login” button and click on it.

• A student would be redirected to a new page. Here, enter your valid username and password details.
• Once details are entered, click on the login button.

Process to know your PFMS Payment Status

Students can find out more about the payment in their scholarship by following the steps given below:

• To find out more about the scholarship payment status, candidates need first to visit their official website.
• Once you’re on the homepage, locate the “Know your Payments” option and select it.

• After redirection, students need to enter all details requested.
• After entering details, click on Search.

Procedure to Track NPS Payment Status Under PFMS

To keep track of NSP Payments, students need to follow the steps given below:

• Visit the official website of the public financial management system.
• You will be automatically directed to the homepage.
• Locate and click on track “Track NPS Status” on the homepage.

• You will be redirected to a new page. Once there, enter these details – Bank Name, Account number or NSP Application ID and captcha code given.
• After entering details correctly, click on the search button.
• After successful retrieval, NSP payment details shall be displayed automatically on the screen.

PFMS Transaction for FY 2021

After the successful inception of the Public Financial Management System, lakhs of transactions involving the processing of crores of rupees are being carried out regularly. According to facts, in the financial year 2021 alone, the total transaction count of 6, 12, 60,225 amounting to INR 70,102 crores has been carried out till now.

PFMS Scholarship Renewal Application

Candidates who have applied once for the scholarship but intend to re-apply owing to some reasons need to fill in the renewal application form. To correctly fill up the renewal form, candidates should follow this procedure correctly without fail:

• Visit the official website of PFMS
• Traverse directly to the login option
• Click on the login section, and you’ll be directed to a new page.
• Login correctly with your valid username and password.
• Click on the login option and select the relevant renewal application form.
• Check for correctness of details. Update and make changes in the application form wherever necessary.
• Enter any new information requested in the form. Upload all the required documents.
• Submit the updated application form and take a print copy for future reference.

Get Login Details if Agency is already registered

• To fetch details from a registered agency, the following steps need to be carefully noted:
• Visit the official website of the Public Financial Management System.
• You will be redirected automatically to the homepage.
• Once you’re on the homepage, click on Get Login Details If Agency is Already Registered.

• On the new redirected page, enter these details – login ID, email, unique agency code, account number, and word verification.
• After correctly entering details, click on the submit button.
• In this way, candidates can fetch all details about an agency if it has been registered already.

Manage Registered Agency

These simple steps can be followed to manage a registered agency:

• Visit the official website of the Public Financial Management System – [www.pfms.nic.in]
• You will be directed to the homepage.
• Locate the Manage Agency tab on the homepage and click on it.

• Students need to enter these details on the new redirected page – scheme, agency status, agency type, state, district, etc.
• After correct data entry, click on the search button.
• All relevant details shall be displayed on the home screen.

Precautions While Filling Application Form

• All students must thoroughly check their eligibility before applying to any of these schemes.
• All mandatory details should be finned in compulsorily and not left blank anywhere.
• All details in the registration form should be filled with a lot of care and accuracy without making mistakes.
• Required documents should be uploaded according to prescribed specifications.
• Make sure your bank account is successfully linked with your Aadhaar Card.
• After form submission, ensure that you take a hard copy printout of the submitted form.

View Bank Branch Details

To check details about bank branch, check these few simple steps:

• Visit the official website of the PFMS Scholarship.
• You will be directed to the homepage.
• Click on the Menu bar of the Homepage.
• Click on the Bank Branch tab.
• Once selected, you’ll be automatically redirected to a new page.

• On the following page, enter bank name, branch address, BSR Code, and IFSC Code correctly.
• After correctly entering data, click on the search button.
• All required information shall be provided on the screen.

Bank Merger IFSC Mapping

To view details pertaining to Bank Merger IFSC Mapping, the procedure given below should be followed:

• Visit the official website of the PFMS Scholarship.
• The homepage shall appear on the screen.
• Traverse directly to the menu bar.
• Locate the Bank Merger IFSC Mapping tab and click on it.
• You’ll be redirected to a new page.

• Select the appropriate merger Bank name along with the lead Bank name on the new page.
• After the bank details, enter the captcha code correctly.
• Click on the Search button.
• Requested details shall be displayed on the screen.

Download Orders and Circulars

• Candidates can view and download the latest orders and circulars by following these steps:
• Go to the official website of the PFMS Scholarship.
• The homepage shall appear before the student.
• Traverse to the menu bar on the homepage
• Locate the tab orders and circulars and click on it.
• A new age shall open that would contain all the updated orders and circulars.

• Scroll through the links and click on the appropriate one.
• The requested file shall be displayed in PDF format.
• You can click on the download button to get the information on your system.

Procedure to track GSTN

The following procedural steps can be followed to track GSTN number:

• Visit the official website of the PFMS scholarship.
• A home screen shall automatically appear before the student.
• Travers to icons on the menu bar.
• Click on the icon that displays GSTN Tracker.
• A new page shall be redirected to the system.

• On this page, select search category according to these variations:
  • First GST registered
  • Second GST under process
  • Third GST successfully processed.
• After the above procedure, enter your GSTIN number or account number, date filter, RFD05, and correct captcha code.
• After entering these details, click on view report.
• All requested information shall appear on the screen.

Procedure to submit feedback

Candidates who wish to provide relevant feedback related to the PFMS should stick to these steps accordingly:

• Visit the official website of PFMS
• You will see the home screen. On the left-hand side, traverse to the feedback option and click on it.
• Once selected, the feedback form shall appear on the screen.

• In the application form, fill all these details correctly:
  • Name
  • E-mail ID
  • Subject
  • Comment
• Captcha Code displayed
• Check for accuracy and click on the submit button.

View Scheme formulation, Appraisal, and Approval

The elements like scheme formulation, appraisal, and approval can be found out by following the steps below:

• Go to the official website of the public financial management system
• Homepage shall appear right in front of you.
• Click on the menu bar on the home screen.
• Later, click on the Scheme Formulation, Appraisal, and Approval icon.

• A new redirected page shall appear on the screen.
• On the page that appeared, candidates can find information about scheme formulation, appraisal, and approval.

Procedure to view scheme listing

To check scheme listing, candidates can follow this procedure:

• Visit the official website of the Public Financial Management System.
• The home screen shall appear in front of you.
• Directly go to the menu bar on the home screen.
• Click on the Scheme Listing icon on the new page.
• Again candidates shall be taken to a new page.

• Enter the below information correctly on the new page:
  • Scheme name or code
  • Grant name or code
  • Scheme type
  • Financial year
• After entering all details correctly, click on the search button.
• On your screen right away, scheme listing details shall appear.

Procedure to view SPMU Dashboard

To check details on the SPMU Dashboard, the following steps need to be followed:

• Visit the official website of the Public Financial Management System.
• Home screen shall appear in front of you.
• Traverse to the menu bar on the homepage.
• Locate and click on the SPMU Dashboard icon.
• You would be redirected to a new page.
• Select your state on the new page.

• Again a new page shall appear that would contain many relevant links.
• Please scroll down to the link of your choice and click on it.
• SPMU Dashboard shall be displayed on your screen.

View NMMS Payment Details

To find out more about the NMMS payment details, check these steps below:

• Visit the official website of the Public Finance Management System.
• The homepage shall appear in front of you.
• Traverse to the menu bar on the home screen.
• Click on NMMS Payments on the page.
• You will be redirected to a new page

• On the new page displayed, candidates can view the NMMS payment details.

Download Publications

To download the latest publications released on the website, candidates can follow these steps:

• Visit the official website of the Public Financial Management System.
• The homepage shall appear in front of you.
• Locate the section titled Publications on the homepage and click on it.
• An exclusive list of all publications shall be automatically displayed.
• Scroll through the links and click on the ones that you need.
• The publication requested shall appear on the screen in PDF format.
• Click on the download option to save the publication in your system.

Helpdesk Contacts

For common problems related to the various schemes, candidates can easily contact the toll free number 1800 118 111 or 01123343860. They can also e-mail their queries to [email protected]

Emergency Helpdesk Number

Candidates can reach out to these persons in case they face any difficulties or have queries to ask:

• Mr. Nikhil Sharma: 8700171462
• Mr. Abhishek Rai: 8368423186
• Mukul Prasad: 9074153883
• Mr. Munesh Kumar Sharma: 7417175253

PFMS Scholarship – Frequently Asked Questions

1. What is the full form of PFMS?
Answer: The full form of PFMS is Public Financial Management System.

2. How are the candidates supposed to register for the scholarship?
Answer: Candidates can visit the official website and submit the filled-in application form to register themselves (apply) for the scholarship.

3. What are the necessary details to be checked before applying for the scholarship?
Answer: All candidates are advised to check the complete eligibility criteria and other information provided in the information bulletin on the official site.

4. How can candidates check the status of their applications?
Answer: Candidates can check the status of their application by entering their Aadhaar numbers or bank account numbers.

IF you have any doubts regarding PFMS Scholarship 2021-22, please leave a comment below will get back to you asap!