PFMS: Public financial management system scholarship 2020

by B2B Desk 2020-08-10 08:57:57

PFMS scholarship has by the concerned authorities to provide funding to all students who are unable to pay their fees due to poverty. Through the implementation of this scholarship, various incentives will be offered to students who belong to different backward categories, namely Scheduled Caste, Scheduled Tribe and other backward classes, as well as people who belong to economically backward societies.

Details Of The PFMS Scholarship

Name	Public Financial Management System Scholarship
Launched by	Public Financial Management System
Beneficiaries	Students
Objective	Providing scholarships
Official Website	http://pfms.nic.in/

Benefits Of The PFMS Scholarships

The main benefit of the PFMS Scholarship 2020 is that the scholarships are distributed to all students hoping to pursue higher education in renowned colleges and universities. The opportunity will be very beneficial to all poor students from an economically backward society. Students will be able to continue their education without worrying about finances and poverty.

List Of Scholarships Under PFMS

The following scholarships are present at the PFMS scholarship 2020:-

PFMS Scholarship 2019 to Universities/College Students
PFMS 2019 Post Matric Scholarship for SC Students
The PFMS Scholarship 2019 Pre-Matric Scholarship for SC Students
PFMS Student Scholarship National Means cum Merit Scholarship
PFMS Scholarship 2019 National Scheme for Incentive for the girl child for secondary education
pfms.nic.in scholarship 2019 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 be eligible for the scholarship the student must follow the following eligibility criteria given below:-

The applicant must be a citizen of India
Annual family income must be below Rs. 6 lacs
The applicant must be in between the age of 18 to 25 years
The applicant must have at least passed class 10th

PFMS Bank List

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.
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

Documents Required

The following documents are required if you are applying under the scholarship:-

Aadhar card for identification purposes
Educational certificate
Class 12th passing certificate
Passport size photographs
Fee receipt

DBT Through PFMS

The central government announced the Direct Benefit Transfer (DBT) under chosen schemes available in chosen regions of the nation over w.e.f. 1.1.2013. Through this initiative, the amount of the beneficiary will be transferred directly to the bank account of the people who have registered for the grant. This will help everyone to benefit directly from the encouragement so that the mediator is excluded from the procedure.

Benefits Of PFMS Scholarship

There are many benefits of the PFMS portal which has been designed to give scholarship benefits to the residents:-

The PFMS can be fill in as a typical focal entry to register organizations and beneficiaries.
PFMS has a working interface with 90 banks directly. This includes 26 PSB, 59 RRB, and 5 enormous Private Sector Banks.
PFMS approves the Bank/Post Office Account subtleties with the recipient's bank/post office. These cash guarantees are transferred to an approved registry to reduce the risk of misled installments.
The implementing agency verifies the exact details of the name, address, etc. by the recipient of the approved data provided by the bank/post office.
The implementing institution can make electronic payments to beneficiaries only to their approved financial balances directly from the PFMS portal.

Registration Process under PFMS Scholarship 2020

To apply for the scholarship the candidates need to follow the registration process given below:-

First, visit the official website given here
Click on the “PFMS Scholarship Student Registration” option present at the homepage.
Select the scheme “Scholarship to Universities/College Students”.
Select the following details-

Year of passing class 12th along
Education Board

Enter the following details-

Bank account number
IFSC code of the bank’s branch.

Click on the drop-down menu, select the category
Click on “Search”.
The system will search the name and automatically fill-up the form displayed on the screen.
Enter the following details-