PFMS Scholarship 2020

PFMS Scholarship 2020

Scholarships are a great way of providing support to those students who are not able to pay their fees due to poverty. The Public Financial Management System scholarship was a great initiative started for providing scholarships for such students. Here in this post, we have provided complete details of this scholarship system. You can easily refer to our guide for knowing about the application process, eligibility criteria for applying for a scholarship, needed documents, and the payment process of the scholarship. 

What is the PFMS Scholarship?

It was an initiative started by the government of India for taking care of the programs for the social sector. The project carefully keeps records of funds allocated to different individuals. Initially, it was introduced to only four states namely, Bihar, Madhya Pradesh, Punjab, and Mizoram. The project provides benefits to the students of many backward classes like Scheduled caste (SC), Scheduled Tribe (ST) and other backward classes (OBC). It also provided scholarships to the people belonging to economically backward societies. 

This project allowed students from backward societies and classes to deliver their performance in schools and colleges. The initiative prevented students from lacking in education due to a lack of money. 

Various scholarships provided under PFMS scholarship 2020

There are numerous scholarships provided under the head PFMS Scholarship 2020 for different purposes. Some of them are listed here:

  1. PFMS Scholarship National Scheme for an incentive for the girl child for secondary education
  2. PFMS Scholarship to colleges and universities students
  3. PFMS student scholarship national means cum merit scholarship
  4. PFMS Post Matric Scholarship for SC students
  5. PFMS top-class education scheme for SC
  6. PFMS scholarship Pre-Matric scholarship for SC students
  7. PFMS scholarship for Post-Matric Scholarships for OBC
  8. PFMS Scholarship for up-gradation of merit of SC students 

Benefits of PFMS Scholarships 

This scholarship project provided the following benefits to students of backward classes:

  1. Easy Scholarship retrieval: The scholarship amount is transferred as soon as the application by the student is approved. It takes 10 minutes to receive the scholarship amount. 
  2. Secured payment: the gateway used by PFMS holds the responsibility of all the activities related to the scholarship. This includes monitoring the submitted applications, verification of these applications, handling of these applications, sanctioning of the scholarship amount, and the distribution of the scholarships. 
  3. Proper monitoring: the students can easily track the payment and the scholarship process through the user ID and password given to them.
  4. Easy renewal process: for helping the student to take maximum benefit of the scholarship to renew the scholarship option is provided. After renewal, the scholarship continues for the next 4 years. 

Eligibility criteria for PFMS scholarship 

The student must fulfill all the eligibility criteria stated to receive the scholarship. If a student tries to submit any duplicate application or if he/she does not meet any of the criteria then his/her application will be rejected and no scholarship will be provided. The system decides which students will be eligible for the scholarship by carefully analyzing the information provided by the students in the application form. 

To avail the scholarship the applicant must fulfill the following eligibility criteria:

  1. The student should be an Indian citizen
  2. The annual income of the student’s family should be less than 6 lacs
  3. The age of the student should be in between 18-25 years
  4. The student should have cleared 10th standard

Necessary documents 

For receiving a scholarship every applicant must submit some documents that are asked by the system. The following documents are required to be submitted: 

  1. For identification purposes applicant must submit his/her Aadhar card
  2. Applicant must submit his/her educational certificates
  3. The applicant needs to submit a 12th class passing certificate
  4. The student must submit their passport size photographs
  5. The fee receipt should also be submitted
  6. A copy of marks list in PDF format 

Login procedure of PFMS Scholarship 

To login into PFMS official portal you need to follow the given sequence of steps:

  1. Visit the official website
  2. On the homepage of the site select the year from the drop-down list
  3. Fill in your username and password
  4. Click on login 

The process to apply for PFMS Scholarship 2020

For applying for PFMS scholarship 2020 the applicant needs to follow a sequence of instructions. The sequence is mentioned here:

  1. Visit the official website of PFMS scholarships
  2. To land at the homepage of scholarships click on “PFMS Scholarship Student Registration”.
  3. Click on the “Scholarship to Universities/College Students” category.
  4. Select the following two details:
    1. Year of passing as 12th
    2. Examination board
  5. Then you need to enter your bank account details which include your bank account number and the IFSC code of the branch of the bank.
  6. Search and select the category you want 
  7. After that, you will be asked to enter your mobile number and email id. Enter it carefully. 
  8. Fill up the OTP which is sent to your mobile number 
  9. Create a user ID and password for yourself
  10. Accurately enter the captcha which is displayed on the screen 
  11. Upload the asked documents 
  12. Submit your application 

The process to check your PFMS scholarship payment status 

You can easily monitor the payment status for the scholarship you have applied for. The payment of the PFMS scholarship is granted either through Aadhar Number or through Account number. 

For monitoring your payment status through account number, you need to follow the given sequence of steps:

  1. Visit the official of PFMS Scholarship 
  2. On the home page click on the “Know your Payment” Options 
  3. Enter all the asked information on the website 
  4. Click on search 

For monitoring your payment status through Aadhar number, you need to follow the given sequence of steps:

  1. You need to enter the domain amount of the Aadhar
  2. For verification enter the Aadhar number 
  3. Verify the term displayed 
  4. Click on the search button 

Process for tracking the NPS payment status in PFMS scholarship 

For tracking NPS payment status follow the given sequence of steps:

  1. Visit the official website of PFMS Scholarship
  2. Choose the “Track NPS status” option in the opened screen
  3. Enter details like a bank account number or NPS application ID 
  4. Enter your verification details 
  5. Enter the search option and your information will be displayed

Contact List for PFMS – Scheme Wise 

For any doubt, query, and issue about any specific scheme the applicants can seek advice from experts. To contact the concerned department, you can follow the given sequence of steps:

  1. Visit the official website of PFMS Scholarship 
  2. Click on the “scheme-wise contact list” option from the options available on left side
  3. Search the desired scheme name from the list
  4. You can also search the scheme by typing the scheme name or scheme type or scheme group type in the search bar 
  5. Browse the information that appears 

Process for Location search details 

To know about location search details, follow the given sequence of steps:

  1. Visit the official website 
  2. Select your state in the drop-down list at the home page 
  3. Fill in your location 
  4. Select view report 
  5. The desired location search details will be displayed