PFMS Scholarship 2024:- Discover your payment status through PFMS login: Unveiling the PFMS Scholarship 2024 status and Registration process, step-by-step guidance. Ascertain your payment status via Aadhaar number at pfms.nic.in.
PFMS Scholarship
The Public Financial Management System (PFMS) serves as a scholarship initiative aiding students from economically disadvantaged backgrounds. This program covers student fees, ensuring equal opportunities for all. The PFMS Scholarship targets students from backward classes, scheduled castes, tribes, and other marginalized groups nationwide. Initiated by the Public Financial Management System, this program provides students access to scholarship details and services via the official website http://pfms.nic.in.
PFMS Scholarship Overview 2024
| Scholarship Name | Public financial management system (PFMS) |
| Launched by | PFMS |
| AIM | Providing Scholarships to students |
| Beneficiaries | Educational Students |
| Category | Trending |
| Official Web portal | https://pfms.nic.in |
Objective of PFMS Scholarship
The primary objective behind implementing this program is to support underprivileged students with academic potential, enabling them to pursue education in reputable colleges and universities without financial constraints. Through the PFMS Scholarship, students will receive tuition-free education, alleviating financial burdens. Additionally, this initiative will contribute to the nation by fostering a larger population of educated citizens, thereby mitigating poverty and reducing levels of illiteracy.
PFMS Know Your Payment
To check the payment status, students can visit the official Public Financial Management System website and follow these steps:
- Visit the Official Website: Go to the homepage and click on the “Know Your Payment” option.
- Enter Details: Provide all the necessary information for verification and click the search button.
Contact A Wise Scheme Search
For scheme-wise contacts, follow these steps:
- Official Website: Visit https://pfms.nic.in/.
- Scheme-wise Contact List: Select the option and choose the scheme name or type.
- Search: Enter relevant details and click on the search option to retrieve information.
Tracking NPS Status under the PFMS
To track NPS status, follow these steps:
- Visit the Link: Go to https://pfms.nic.in/NewDefaultHome.aspx.
- Select Track NPS Status: Choose this option on the homepage.
- Enter Details: Provide your bank account number or NPS application ID and the verification code displayed.
- Search: Click on the search button to view all details.
PFMS Scholarship
The PFMS offers various scholarships aimed at providing quality education to less fortunate students, including:
- PFMS Scholarship for university/college students.
- PFMS post-matric scholarship for SC students.
- Pre-matric scholarship for SC students.
- National Means Cum Merit Scholarship.
- PFMS Scholarship 2022 National Scheme for Incentive (Girl Child for Secondary Education).
- Top-Class Education Scheme under PFMS.nic.in Scholarship.
- Post-matric scholarship for OBCs under pfms.nic.in.
Benefits of PFMS Scholarship 2024
The PFMS Scholarship program operates with a comprehensive platform, collaborating directly with 90 banks nationwide, including 26 PSBs, 59 RRBs, and five private sector banks. Key benefits include:
- Providing educational opportunities to students across India, enhancing the education sector.
- Alleviating poverty by educating less fortunate students, enabling better job prospects and support for their families.
- Transparent funds transfer, minimizing corruption as funds are directly deposited into beneficiary bank accounts.
Eligibility Criteria for PFMS Scholarship 2024
Students must meet specific criteria set by the Indian government, including:
- Indian citizenship.
- Annual income below Rs. 6 lakhs.
- Age between 18 and 25 years with a minimum of passing the 10th class.
PFMS Bank List 2024
The PFMS Scholarship program encompasses various banks for fund disbursement. Below is a list of participating banks.
| S.no | Bank Name |
| 1 | ABU DHABI COMMERCIAL BANK |
| 2 | ALLAHABAD BANK |
| 3 | ALLAHABAD UP GRAMIN BANK |
| 4 | ANDHRA BANK |
| 5 | ANDHRA PRAGATHI GRAMEENA BANK |
| 6 | AXIS BANK |
| 7 | BANK OF BAHRAIN AND KUWAIT |
| 8 | BANK OF BARODA |
| 9 | BANK OF INDIA |
| 10 | BANK OF MAHARASHTRA |
| 11 | BASSEIN CATHOLIC CO-OP.BANK LTD. |
| 12 | BOMBAY MERCANTILE CO-OP.BANK LTD. |
| 13 | CANARA BANK |
| 14 | CENTRAL BANK OF INDIA |
| 15 | CITIBANK |
| 16 | CITY UNION BANK LTD |
| 17 | CORPORATION BANK |
| 18 | CSB BANK LIMITED |
| 19 | DCB BANK LIMITED |
| 20 | DENA BANK |
| 21 | DEUTSCHE BANK |
| 22 | DHANLAXMI BANK LTD |
| 23 | HARYANA GRAMIN BANK |
| 24 | HDFC BANK LTD |
| 25 | HSBC |
| 26 | ICICI BANK LTD |
| 27 | IDBI BANK LTD |
| 28 | INDIAN BANK |
| 29 | INDIAN OVERSEAS BANK |
| 30 | INDUSIND BANK LIMITED |
| 31 | JHARKHAND GRAMIN BANK |
| 32 | KARNATAKA BANK |
| 33 | KARUR VYSYA BANK |
| 34 | KOTAK MAHINDRA BANK |
| 35 | MADHYA BIHAR GRAMIN BANK |
| 36 | MAHARASHTRA GRAMIN BANK |
| 37 | MANIPUR STATE CO-OP.BANK LTD. |
| 38 | NEW INDIA CO-OPERATIVE BANK LTD |
| 39 | NKGSB CO-OP BANK LTD |
| 40 | ORIENTAL BANK OF COMMERCE |
| 41 | PUNJAB AND SIND BANK |
| 42 | PUNJAB NATIONAL BANK |
| 43 | RBL BANK |
| 44 | SARVA U.P. GRAMIN BANK |
| 45 | SOUTH INDIAN BANK |
| 46 | STANDARD CHARTERED BANK |
| 47 | STATE BANK OF INDIA |
| 48 | SVC CO-OPERATIVE BANK LTD. |
| 49 | SYNDICATE BANK |
| 50 | TAMILNAD MERCANTILE BANK LTD |
| 51 | THE COSMOS CO-OPERATIVE BANK LTD. |
| 52 | THE FEDERAL BANK LTD |
| 53 | THE JAMMU AND KASHMIR BANK LTD |
| 54 | THE KALUPUR COMMERCIAL CO. OP. BANK LTD. |
| 55 | THE LAKSHMI VILAS BANK LTD |
| 56 | THE SARASWAT CO-OPERATIVE BANK LTD |
| 57 | THE THANE JANATA SAHAKARI BANK LTD |
| 58 | UCO BANK |
| 59 | UNION BANK OF INDIA |
| 60 | UNITED BANK OF INDIA |
| 61 | VIJAYA BANK |
| 62 | YES BANK LTD |
PFMS DBT Payment
The Indian government employs Direct Benefit Transfer (DBT) for schemes across regions, facilitating direct fund transfer to beneficiary accounts without intermediaries.
Required Documents for PFMS Scholarship
Students applying for the scholarship must provide necessary proof documents, including:
- Identification document such as Aadhaar card.
- Educational documents.
- 12th class certificate.
- Passport size photographs.
- Fee receipts.
PFMS Scholarship 2024 Registration
Follow these steps to register for the PFMS Scholarship:
- Navigate to Official Website: Visit https://pfms.nic.in/NewDefaultHome.aspx.
- Select Scholarship Student Registration: Choose the relevant scheme.
- Enter Details: Provide necessary information such as the year of passing 12th class, bank account number, IFSC code, etc.
- Verify and Submit: Confirm details, create a user ID and password, upload documents, and submit the application.
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PFMS Login Process
To log in to the official PFMS portal, follow these simple steps:
- Click on the provided official link.
- On the homepage, choose the applicable year from the drop-down menu.
- Enter your username and password.
- Click the Login button to proceed.
PFMS Scholarship Renewal 2024 Process
To renew PFMS Scholarship for 2024:
- Log in: Visit the official PFMS Login website, log in using credentials.
- Renewal Application Form: Select the renewal application form option.
- Update Details: Provide updated information and upload required documents.
- Submission: Submit the application and keep a printout for reference.
Conclusion
In conclusion, the PFMS platform offers a comprehensive suite of services aimed at facilitating transparent and efficient financial management in various sectors, including education through scholarships. The PFMS Login portal provides easy access for users to avail themselves of scholarship benefits, track payment statuses, and interact with scheme administrators. The PFMS Scholarship program stands as a beacon of hope for underprivileged students, providing them with equal opportunities for quality education. By enabling students to check their payment status and facilitating seamless interactions, PFMS plays a pivotal role in promoting educational inclusivity and empowerment. Through its user-friendly interface and transparent processes, PFMS continues to make significant strides in fostering a brighter and more equitable future for all.
FAQ’s
What is PFMS payment?
PFMS, the Public Financial Management System, serves as the platform for managing various schemes of the Government of India, and it can also accommodate state-level schemes. Operating on a transaction-based system, PFMS ensures real-time tracking and utilization of funds disbursed from the Consolidated Fund of India.
What is PFMS scholarship amount?
Scholarship Duration, Administrative Department, and Funding Amount: The scholarship rates are set at Rs. 1000/- per month for the first three years of undergraduate studies and Rs. 2000/- per month for postgraduate studies. Additionally, students enrolled in professional courses will receive Rs. 2000/- per month during the 4th and 5th years of their program.
How many days will take PFMS payment?
PFMS transactions typically require 1 to 2 working days for the funds to be credited to the beneficiary's account.
How can I check my PFMS amount?
To access your PFMS account balance, follow these steps: 1. Go to the National Scholarship Portal (NSP). 2. Choose the NSP Track Payment option. 3. Input your bank details, including the account number, bank name, and IFSC code. 4. Click on the Track Payment button. 5. You'll receive a notification with your PFMS account balance.
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