PFMS Scholarship 2023 - Public Finance Management System

The Government of India has always prioritized education. To uplift the low-privileged class, it was necessary to provide financial support to get a quality education. It will automatically boost their economic condition. Keeping this thing in mind, government of India has launched PFMS Scholarship 2023.

The government of India and all states give scholarships to economically backward students. The scheme is also for physically disabled students. The Ministry of Finance has linked all these scholarships under the PFMS scholarship program with the state-of-the-art PFMS portal https://pfms.nic.in/. All scholarship data is integrated into the CMS of the PFMS portal. It ensures transparency at all levels. There is an eligibility criterion that students have to meet to apply for the PFMS scholarship program. There are various features of the PFMS portal which can be of great help to all students.

This article will discuss the PFMS scholarship 2023 application online procedure, PFMS scholarship status, PFMS scholarship 2023 status check, PFMS bank balance check, and PFMS bank list.

Please read our article for all the latest information and queries on the PFMS scholarship.

What are the key benefits of the PFMS Scholarship Initiative?

PFMS Scholarship has been a revolution for all needy students in India. This program has some great benefits, which greatly help the students.

Here we are giving detail of exciting benefits which will make up your mind to apply for the PFMS scholarship.

Now, financially weak students do not need to worry about their educational expenses. They can bear their education expenses with the help of PFMS.nic.in scholarships.
Students preparing for competitive exams might benefit from this program through their colleges.
As a government-based scholarship program, all educational institutes will facilitate and accept the scholarships from PFMS.
The PFMS.nic.in scholarship, the initiative has a positive impact on the students. They study harder to avail the scholarship for their benefit.
Students from the ST/SC, OBC, and economically challenged groups are also helped by the PFMS Scholarship for students by assisting and ensuring support.
Students do not have to pay as it is not a self-finance scheme. Anyone can apply on pure merit.
The implementing agency verifies the recipient’s name, address, and other details against the verified data provided by the bank or post office.
PFMS.nic.in scholarships, 2023 approves the specifics of a recipient’s bank or post office account. Making sure that money is routed to an approved account lessens the chance that payments may be mistakenly credited to the wrong accounts.
PFMS serves as a standard focal point for registering recipients and organizations.
Almost 90 banks have received functioning interference directly from PFMS. It includes 26 public sector banks, 59 rural and regional banks, and 5 private sector banks.
PFMS gateway is available to the executing organization for direct e-instalment payments to beneficiaries to their approved financial balances.
The Ministry of Finance regulates the PFMS scholarship venture, assuring the program’s credibility and transparency.
Reputable colleges and universities will provide financial aid for higher education students who qualify for the scholarships.

General information about PFMS Scholarship Initiative

Name	Public Financial Management System Scholarship (PFMS)
Launched by	Public Financial Management System (Ministry of Finance CMS)
Beneficiaries	Financially weak but able students of India
Objective	Providing scholarships for deserving students
Official Website	https://pfms.nic.in/

Complete list of scholarships under PFMS project

The following scholarships are being given to the students under the PFMS initiative.

PFMS Scholarship Grant to Universities/College Students.
PFMS Money Grant for Post-Matric Scholarship for SC Students.
PFMS Scholarship project for Pre-Matric Scholarship for SC Students.
The PFMS Scholarship National Means cum Merit Scholarship.
PFMS.nic.in National Scheme for Incentive for the girl child for secondary education.
PFMS initiative for Top Class Education Scheme for SC.
PFMS Scholarship program for Upgradation of Merit of SC Students.
PFMS.nic.in Post-Matric Scholarship for OBCs.

Essential details for PFMS Scholarship 2023 Initiative

PFMS Scholarship Grant to Universities/College Students

Particulars	Necessary Details
Scholarship Provider	Ministry of Education, Government of India
Number of Scholarships Available	It will provide around 82,000 scholarships to the students, including 41,000 girls and 41,000 boys.
Amount of Scholarship	– Rs 1,000 per month will be provided for Graduation students for the first three years of college and university courses. – Rs 2,000 per month will be given for Post Graduation. – Students studying professional courses would get Rs 2,000 per month in 4th and 5th year. – The scholarships will be paid for 10 months in every academic year.
Academic Qualification required	Class 12 (Must be in the Top 20% of students)
Students Age Group	Should be between 18 to 25 years
Parents Income	Annual income should be less than Rs 6 lakh
Mode of Application	Online https://mhrd.gov.in/scholarships

PFMS Money Grant for Post-Matric Scholarship for SC Students

Particulars	Necessary Details
Scholarship Provider	Centrally Sponsored
Beneficiary	Schedule Cast Student
Objective	To provide scholarships to Schedule Cast Student
Process of Selection	– All eligible SC Students for the senior secondary certificate (class XI and XII); Professional Courses leading to Degree, Diploma, Certificate; Graduate degree; LLM; Commercial Pilot License. – C.A./I.C.W.A./C.S./I.C.F.A.; M. Phil., PhD and Post Doctoral Programmes.
Amount of Scholarship	– The scholarship amount covers these education expenses for the complete duration of the course. – Maintenance allowance. – Reimbursement of compulsory non-refundable fees. – Study tour charges. – Thesis typing/printing charges for Research Scholars. – Book allowance for students pursuing correspondence courses. – Book bank facility for specified courses additional allowance for students with disabilities.
Academic Qualification required	Class X
Parents Income	The annual income of Parents should be at most Rs. 2.5 lakh.
Mode of Application	Will be applied Online through the respective state portal https://socialjustice.nic.in/schemespro.php

PFMS Scholarship Project for Pre-Matric Scholarship for SC Students

Particulars	Necessary Details
Scholarship Provider	Funded by the Ministry of Social Justice and Empowerment, Government of India.
Type of Scholarship	Centrally Financed
Number of Scholarships Available	All qualified applicants will receive the scholarship. The number of scholarships still needs to be fixed.
Category	SC/ST
Amount of Scholarship	Variable rewards.
Academic Qualification required	Students from Class 9th to Class 10th.
Parents Income	Annual income should be less than Rs 1 lakh.
Mode of Application	Will be applied Online through the respective state portal.

The PFMS Scholarship National Means cum Merit Scholarship

Particulars	Necessary Details
Scholarship Provider	Funded by the Elementary Education (HRD), Government of India
Type of Scholarship	Central Sector Funding
Number of scholarships Available	All students on merit will be able to receive the scholarship. The number of scholarships still needs to be fixed.
Amount of Scholarship	Rs 6,000 annually
Frequency of payment	Rs. 1,500 quarterly
Scholarship period	Applicable for four years
Processing Authority	State through districts
Payment Authority	Program Division through PAO (HRD)
Academic Qualification required	Class 8 passed students with 55% marks (for General students) and 50% marks (for SC/ST candidates) can apply.
Restriction	Only having one scholarship at a given time and not doing any full-time/part-time job.
Parents Income	N/A
Condition for continuance	55% in 9th and 60% in Tenth (relax 5% for SC/ST)
Eligible Institutions	Govt/Local Body/Govt Aided Schools
Discontinuance	Discontinuance in case of a gap of one session occurs.
Mode of Application	Will be applied Online national Scholarship portals
Selection Process	Candidates who have done well at State-level exams and also cleared MAT (Mental Ability Test) and SAT (Scholastic Aptitude Test).

PFMS.nic.in National Scheme for Incentive for the girl child for secondary education

Particulars	Necessary Details
Scholarship Provider	Funded by the Department of Elementary Education (HRD), Government of India
Type of Scholarship	Central Sector Scholarships
Qualifying Level	Clearing Class VIII exams
Process of Selection	All Girl Child from SC/ST Passing Class IX//All passing Class VIII from KGBV
Number of Scholarships Available	All students on merit will be able to receive the scholarship. The number of scholarships needs to be specified.
Scholarship period	2 Years
Scheme Administrated by	Department of Elementary Education(HRD)
Amount	Rs. 3,000 once
Frequency of Payment	Rs. 3,000 once
Processing Authority	State through districts
Payment Authority	Payments to be disbursed by PAO (HRD)
Parents Income	NA
Restriction	Amount paid after attaining the age of 18 Years and 2 years of continuance in School after getting admission in IX, Passing X Class Examination.
Mode of Application	Will be applied Online at national Scholarship portals
Eligible Institutions	Govt/Local Body/Govt Aided Schools
Discontinuation	Forfeiture condition not fulfilled.

PFMS initiative for Top Class Education Scheme for SC

Particulars	Necessary Details
Scholarship Provider	Ministry of Social Justice & Empowerment Through States /UT and Selected School’s Head of Institution
Number of Scholarships Available	The number of scholarships needs to be specified.
Process of Selection	207 institutions of excellence spread all over the country, incl. all IIMs, IITs, and NITs; Courses of study covered are Engineering, Medicine/Dentistry, Law, Management and other Specialized Streams.
Category	SC
Amount of Scholarship	– Full tuition fee and other non-refundable charges (there will be a ceiling of Rs. 2.00 lakh per annum per student towards fees in the private institutions and Rs.3.72 lakh per annum per student in private commercial pilot training institutions). – Living expenses @ of Rs.2220 per month per student. – Books and stationery @ Rs.3000 per annum per student and the latest computer with full accessories limited to Rs. 45000 per student as one-time assistance. Living expenses, books and stationery, and computer costs are subject to actual.
Academic Qualification required	Applicants must be a student of Engineering, Medicine/Dentistry, Law, Management and other specialized courses.
Parents Income	Annual income must not exceed Rs 4.50 lakh.
Mode of Application	Will be applied Online at National Scholarship portals.

PFMS Scholarship program for Up gradation of Merit of SC Students

Particulars	Necessary Details
Scholarship Provider	Funded by the Ministry of Social Justice & Empowerment Through States /UT and Head of Institution
Number of Scholarships Available	The number of scholarships needs to be specified.
Category	SC
Amount of Scholarship	– Package of Rs.25,000 thousand per student per year. – Rs. 15,000 per student per year as under. 1- Boarding & Lodging charges @ Rs. 900 pm for 10 months. 2- Pocket Money @ Rs. 300 for 10 months Books and Stationery Rs. 3,000. 3- Rs. 10,000 per year per student for honorarium to Principal, Experts, and other incidental charges.
Academic Qualification required	Applicants must be a student of Engineering, Medicine/Dentistry, Law, Management, and other specialized courses.
Eligible Institutions	Schools in different districts/towns based on their illiterate population of SCs. The schools selected under the scheme should have the following; a. Facility for all-around development b. Hostel facility c. Good academic results in the past few years consistently. d. Kendriya Vidyalaya with hostel facility.
Parents’ Income	Annual income must not exceed Rs 4.50 lakh
Mode of Application	Will be applied Online at the National Scholarship portal https://socialjustice.nic.in/upgrade.php

PFMS.nic.in Post-Matric Scholarship for OBCs

Particulars	Necessary Details
Scholarship Provider	Ministry of Social Justice & Empowerment, Government of India.
Type of Scholarship	Centrally Sponsored Scholarships
Selection Process	– All eligible OBC Students for the senior secondary certificate (class XI and XII); Professional Courses leading to Degree, Diploma, Certificate; Graduate degree; LLM; Commercial Pilot License. – C.A./I.C.W.A./C.S./I.C.F.A.;M. Phil., PhD and Post Doctoral Programmes.
Number of Scholarships Available	The number of scholarships needs to be specified.
Category	OBC
Amount of Scholarship	Variable amounts
Academic Qualification required	Students studying in Class 11 to postdoctoral level
Parents Income	Annual income must not exceed Rs 1 lakh
Mode of Application	Online through respective state portals https://socialjustice.nic.in/schemespro.php

What are the Eligibility Criteria for PFMS Scholarship?

Before applying for the scholarship, check if you meet the eligibility criteria for the PFMS scholarship program. You must meet the requirements to ensure your application is accepted.

The applicant must be a permanent resident of India
The annual income of the beneficiary’s family must be below Rs. 600000/-
Age criteria for applicants vary between 18 and 25 years
Applicant must have cleared the minimum examination of Secondary Education, that is, enrollment

What are the Documents Required for the PFMS scholarship?

The applicant must need the following documents to apply for the public finance management system scholarship 2023. To prevent delays, the candidate must prepare the document before applying for the program.

Here is the list of documents required at the time of the online application

Educational certificate
Mark sheet of matriculation
Domicile certificate
Certificate of caste
Passport size photograph
Aadhar Card details
Receipt of fee
Mobile number
Bank account details
Certificate of family income

PFMS Bank List

Following Indian Banks are integrated into PFMS. Students can receive their scholarship payments from these banks.

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.
The 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

Direct Benefit Transfer (DBT) with PFMS

Scholarship amounts are disbursed through the Direct Benefit Transfer mechanism. The payments are now much more accurately, transparently, and effectively transferred to the scholarship winner’s students with the help of Direct Benefit Transfer. There are fewer delays, and the amount is correctly credited into the beneficiary accounts, avoiding the wrong transfers and duplicated payments.

This method has also helped in curbing the corrupt practices of intermediaries.

How to register in the PFMS Students Scholarship scheme?

You can apply for the scholarship program by going through an easy registration process:-

First, you need to visit the official website of PFMS

Click on the “PFMS Scholarship Student Registration” on the homepage.

Now, you have to choose your desired scholarship scheme.
Also, you need to select the following details-
- Year of passing
- Education Board
Put up your accurate Bank details-
- Bank account number (Verify your credentials carefully)
- IFSC code of the bank’s branch. (Verify your credentials carefully)
From the drop-down menu, select your category
Click on “Search.”
The system will search for the name and automatically fill up the form displayed on the screen.
Enter the following details-
- Mobile number (Active Mobile number is needed for future contact)
- Email ID. (Active email id is required for future correspondence)
Create your user ID and password (Password must comply with Password Policy)
Now there will be a captcha code given below. Fill it up.
Upload the documents.
Click on “Submit”, and your registration form will be submitted.

Precautions While Filling Application Form

Make sure to check eligibility before applying for the scheme to avoid any mishap
Fill up all the mandatory details in the correct form
Fill out the registration form details with utmost care
Upload the documents in the provided format and according to the recommended size format
Your bank account needs to be linked with your Aadhar card
Remember to take a printout of the application form for future reference

How to log in on the PFMS portal?

Click on the login option on the homepage of PFMS.nic.in
A new page will appear on your screen. Now just put in your username and password.
Click the login button and successfully log in to your portal.

How can you check PFMS Scholarship Status 2023 on PFMS.nic.in?

Here we provide the easy way to PFMS scholarship 2023 status check

Log onto PFMS Portal at PFMS.nic.in.
Click On the Scholarship button.
You need to enter your Scheme Code and Registered Mobile Number.
On the preceding page, you have to enter your Bank Account.
Here you can see your PFMS Scholarship Status 2023.

How to use PFMS to know your payment method & PFMS bank balance check?

You can use PFMS to know your payment and perform PFMS bank balance checks

With a simple procedure mentioned below.

Visit the official website of PFMS. On the homepage, you will get Know Your Payment Options.
Give your details, i.e., bank and account number, and re-confirm the account number
Fill in the captcha in word verification (Letters are subject to case sensitivity)
Click on search
In this way, you will be able to know your payment details and PFMS bank balance check

How can you track NSP payments at PFMS?

On the homepage of the PFMS official website, click on track NSP payment.
A new form will appear. Just put up your bank, account number, and NSP application ID
Fill in the captcha in word verification (Letters are subject to case sensitivity)
After that, you have to click on the search
Your NSP payment details will be shown up on your screen

PFMS Transactions for the Financial Year 2023-2024

PFMS integrated system is responsible for millions of amounts of transactions daily. The latest figures on the PFMS dashboard are the latest statistics.

Count: 49,38,92,986

Amount (Crores): 12,90,093

How can you check scheme wise contact list at PFMS?

You can contact the office if you need help with any particular information or query:

Select the “scheme-wise contact list“ option on the official website home page. All schemes list will be displayed on your screen.

You can search for your scheme name in the list.
Otherwise, you can write the scheme name, select the scheme group type, and choose the scheme type from the drop-in tab.
Click the search option, and the contact person information appears.

How can a student apply for PFMS Scholarship Renewal?

Candidates who have obtained the PFMS scholarship can renew their scholarship in the next academic year, provided they have maintained the required academic performance throughout the year.

Pre-requisite for filling out the online application form

IMPORTANT: It is recommended to go through these points. Note and comply with all the information below and keep all documents for the online submission process accordingly.

Upload the Scanned copy of the student’s recent photograph. File size should be at most 1MB. The photograph’s valid format is a jpeg, jpg, png, bmp, tiff, tif or gif. Any other format will not be acceptable for uploading.
A scanned signature of the student is required, and the file size should be at most 1MB.
A scanned copy of the Mark Sheet is needed in PDF format. PDF File size should be at most 1MB.
Scanned copy of Fee Receipt in PDF format. File size should be at most 1MB.
Communication address and Permanent address (if different from communication address).
Pin codes of the Communication and Permanent address (Pin code is mandatory while filling the form).
Bank account number to which the scholarship amount is being credited.
11 digits IFSC Code of this bank branch or MICR Code.
To receive your renewal scholarship in a different bank account, you must have the Bank Account Number+ IFSC Code / MICR Code of a new bank account.
PAN number of the parent/guardian, if available.
Aadhaar number, if available (Aadhaar is an optional field and a 12-digit number).
Mobile Number. This number must be functional and with you at the time of registration as One Time Password (OTP) for creating a Login-id, and a Password will be sent to this mobile number. Any mobile number can be used initially; however, the mobile number can be updated by the student at any time.
Your email ID should be functional.
Choose your Login-ID and Password. The Login ID can be a Minimum of 4 Characters, and it can also be alphanumeric. The password has to be 6 characters and a maximum of 15 characters.
Password should contain alphanumeric and at least one special character like (@#$%^&*).
Name of Education Board from which you passed the 10+2 examination and year of passing. It should be ensured that the institution you are studying in is registered on PFMS. The link of already registered agencies is through the same home page of https://PFMS.nic.in.

Steps for Renewal PFMS Scholarship 2023

All students applying for renewal must make sure that they keep visiting the PFMS scholarship portal regularly to be aware of the renewal schedules. The renewal dates are crucial for all applicants. It is advised to attend the PFMS renewal application date. They have to follow simple steps for renewal at the PFMS portal. These steps are critical. Please make sure to go through them very carefully.

Check out these steps of the 2023 PFMS Scholarship Renewal.

Step – 1: Students who have already gotten a scholarship in the previous year need to visit the official website, PFMS.nic.in.
Step – 2: There will be a connection to the PFMS Scholarship renewal on the homepage. Candidates need to pick the scheme which they are planning for renewal.
Step – 3: Candidates will have to pick the renewal year.
Step – 4: Applicant needs to fill in the bank IFSC Code and account amount. Click the search key.
Step – 5: The form will be automatically filled if the applicant is already registered by PFMS nic.in sc scholarship.
Step – 6: Provide the correct and active mobile number. You will receive OTP via SMS on your mobile phone. Provide the OTP for further process.
Step – 7: The candidate must verify and provide the Email ID.
Step – 8: Upload the requested documents.
Step – 9: Now click on the submit button. Your renewal form will be submitted.
Make sure to take the printout or snapshot for your record.

How to Get Login Details If Agency Is Already Registered at PFMS?

On the homepage of the PFMS official website, you are required to click on Get Login Details If Agency Is Already Registered.

A new page will be opened in front of you.
Enter your login ID, email address, unique agency code, and Bank Account number, along with the captcha for verification.
In the end, click on submit.
Following these steps, you can quickly get login details if the agency is already registered.

How to manage a registered agent at PFMS?

On the homepage of the PFMS PFMS.nic.in, you are required to click on Manage Agency

A new form will be opened where you must enter the required details.
Fill up the scheme or choose from the agency drop-in. Give the agency status, agency type, state, district, name, unique code, bank account number, and NGO darpan ID.
After that, you are required to click on the search.
Required details will be on your computer screen.

How to View Bank Branch Details at PFMS?

Visit the homepage of the PFMS Official Website
You are required to click on the menu bar
Now click on the option of Bank Branch

A blank form will appear on the following page
Now you have to provide your bank name, branch address, BSR code, and IFSC code on this new page
After that, you have to click on the search
Required information will be on your computer screen

Bank Merger IFSC Mapping

Click on Bank Merger IFSC Mapping on the homepage of the PFMS weblink.

A new form will appear on the screen
You have to select your merger Bank name from the drop-in and lead Bank name on this new page
Enter the captcha code for verification
Click on the search
You will get your requested details.

How to Download PFMS Scholarship Orders and Circulars?

Visit the official website homepage of the PFMS scholarship
Click on the menu bar on the homepage
After that, you have to click on orders and circulars

On the next page, all orders and scholars will show up
You can click on any of your required order/circular
The order/circular will be open in PDF format
You can click on the download option to download it

How can an applicant Track GSTN at PFMS?

Click on the menu bar on the front page of PFMS
Now you need to click on the option GSTN Tracker

Your browser will take you to the next page with a blank form
Select your search category from three options, which are given below:-
- First GST registered
- Second GST under process
- Third GST successfully processed
Fill up your GSTIN number or account number, choose the date filter, RFD05 (optional), and captcha code
Click on the view report to get the desired information

What is the Procedure for submitting feedback for PFMS Scholarship Check?

You can provide your feedback regarding PFMS with the following easy steps.

On the home page of the official website, you will find the feedback option on the left-hand side

Please give it a click, and the feedback form will appear on your screen
Provide these details in the feedback form
- Name
- Email Id
- Subject
- Comment
- Captcha code displaying on the screen
After clicking the submit button, your feedback will be submitted.

How to View Scheme Formulation, Appraisal And Approval?

Click on the Scheme Formulation, Appraisal And Approval section on the homepage of the PFMS weblink.

You can view scheme formulation, appraisal, and approval on this new page.

How To Open PFMS Scheme Listing?

Find the scheme Listing on the main page of the PFMS official website.

On the page, you have to enter the following information:-
- Scheme name or code
- Grant name or code
- Scheme type
- Financial year
After clicking search, the Scheme listing will appear on your screen.

What is the Procedure for opening SCMU Dashboard?

Click on the menu bar on the PFMS homepage. Then go to SPMU Dashboard.

Select your state.
A new page will open with these links State advisory group, Head Office, Orders and Circulars, SPMU Office and Staff, DDO, Status of Implementation, Office Locations, Pay and Accounts Officer, Officer State Government, HOD and training.
You can click and take your desired information.

What is the Procedure for viewing NMMS Payment Details?

Click on the menu bar on the homepage
Now go to NMMS Payments.

A new page appears on the screen where you can view NMMS payment details.

From where can we download Publications?

Click on the Publications section on the homepage of the PFMS website.
All publications will appear on the next page. You can click the link of your choice.
A PDF file will appear before you, which you can download conveniently.

Helpdesk Contacts

If you have any query or issue related to the PFMS scheme, you can contact us on our toll-free number 1800 118 111 or 01123343860 or email us at helpdesk-PFMS[at]gov[dot]in.

Click the below links for contact details.

PFMS HQ Telephone List
State-wise list of Sr.AO/AO/AAO posted in SPMU
SPMU Dashboard
Scheme-wise Contact List