I know how important it is to get Scholarships when you are a student. Higher education is expensive in India and sometimes unaffordable for many of us. PFMS Scholarship 2021 is an answer and a solution for your education.
In this post, I tried to bring all the details related to PFMS Scholarship 2021 (Public Financial Management System) such as the Benefits of The PFMS Scholarship, How to check the status, eligibility criteria, the application process, Requirement, process to know your payment status, PFMS Bank List and PFMS Scholarship details.
If a candidate or student is eligible for PFMS Scholarship and completes all the required process then the scholarship funds are transferred directly to the candidate’s bank account or postal account through Direct Benefit Transfer (DBT).
Short Details of PFMS Scholarship
Name | Public Financial Management System Scholarship. |
Conducted by | Government of India. |
Eligibility / Beneficiaries | Students from Class 9th to Post Doctoral Level. |
Region | India. |
Rewards | Up to Rs. 3,72,000 (in INR). |
Objective | To Provide Scholarships to Poor Families (Students – Boys and Girls Students Both). |
What is PFMS (Public Financial Management System)?
PFMS is a Public Financial Management System. It is a web-based service mainly used to track the different scholarship schemes. PMFS was formerly known as CPSMS when it was started in the year 2008-09.
The main objective of PFMS is to track funds released under the Plan schemes of the Government of India.
PFMS is responsible for connecting the 28 States and 2 Union Territories with their respective treasury systems, as well as their corresponding legislatures. This simplifies communication regarding budget, allocation, and expenditure for Centrally Sponsored Schemes of the Government of India.
The PFMS is connected with the Core Banking System of over 300 banks, including all public sector banks as well as regional rural banks, Union Bank of India, India Post, major private sector banks, and Cooperative Banks. It has the capability to verify the account before allowing online payments to be sent to almost any beneficiary/vendor.
Public Financial Management System (PFMS) is a platform where students can track various things like:
- PFMS payment status.
- Details of all the PFMS Schemes.
- Eligibility criteria for all the schemes.
- To track their transactions.
Types of PFMS Scholarship Schemes
There are two types of PFMS Scholarship Schemes. These are:
- Central Sector Schemes: In Central Sector Schemes, the whole amount of scholarship is funded by the Central Government. The scholarship schemes that come under Central Sector Schemes are:
- PFMS Scholarship to Universities/College Students.
- National Scheme for Incentive for the Girl Child for Secondary Education.
- National Means cum Merit Scholarship.
- Centrally Sponsored Schemes: In Centrally Sponsored Schemes, the amount of scholarship is shared by the State Government and the Central government. The scholarship schemes that come under Centrally Sponsored Schemes are:
- Post-Matric Scholarship for SC Students.
- Pre-Matric Scholarship for SC Students.
- Post-Matric Scholarship for OBCs.
- Up Gradation of Merit of SC Students.
- Top Class Education Scheme for SC.
List of PFMS Scholarship and Details (Eligibility and Benefits)
- Scholarship to Universities / College Students
- Post-Matric Scholarship for SC Students
- Pre-Matric Scholarship for SC Students
- National Means cum Merit Scholarship
- National Scheme for Incentive for the girl child for secondary education
- Top Class Education Scheme for SC
- Up gradation of Merit of SC Students
- Post-Matric Scholarship for OBCs
Details of PFMS Scholarship to Universities / College Students (Eligibility and Benefits)
Scholarship for College and University Students is given to those students who have passed their 12th (Class XII senior secondary examination) and are in the top 20%. 41000 Girls and 82000 Boys are selected from each State Board. The needs to renew the scholarship every year. Students pursuing Graduation and Post-Graduation can enjoy the benefit.
You can find the detailed information of the PFMS Scholarship to Universities / College Students in the table below:
Eligibility and Benefits of Scholarship to Universities / College Students
Scheme Administration Department | The Ministry of Education |
Eligibility | 1. The candidates should be in the top 20% in the senior secondary examination (Class XII). 2. The age of the students should be 18-25 years. 3. Family / Parental Income should be less than Rs.6 lakh per year. |
Benefits | 1. Scholarship at graduation level is Rs. 1000/- for the first three years of college and university courses. 2. The Scholarship at the Post-Graduation level is Rs. 2000 per month. 3. In the fourth and fifth year, students pursuing professional courses receive Rs. 2000/- per month. 4.The scholarships will be paid for 10 months in an academic year. |
Details of PFMS National Scheme for Incentive for the Girl Child for Secondary Education
All SC/ST Girl Child Passing Class IX and all passing Class VIII from KGBV are eligible for NSIGC. National Scheme for Incentive for the Girl Child for Secondary Education is given by the Dept of Elementary Education(HRD). The duration of this scholarship is of 2 years. Govt, Local Body, and Govt Aided Schools are eligible for this benefit.
You can find the detailed information of the PFMS National Scheme for Incentive for the Girl Child for Secondary Education in the table below:
Eligibility and Benefits of National Scheme for Incentive for the Girl Child for Secondary Education (NSIGC)
Scheme Administration Department | Dept of Elementary Education (HRD). |
Eligibility | 1. All SC/ST Girl Child Passing Class IX and all passing Class VIII from KGBV are eligible for NSIGC. 2. Govt, Local Body, and Govt Aided Schools are eligible for this benefit. |
Benefits | 1. Rs. 3000 is given once as a benefit to SC / ST Girl Childs. Note: Amount paid after reaching the age of 18 and 2 years of schooling in the IX and passing the X Class examination. The benefits will be Forfeited if the condition is not fulfilled. |
Details of National Means cum Merit Scholarship
The NMMS is also given by the Dept of Elementary Education (HRD). Class VIII students (55% for General and 50% for SC / ST) can apply for this scheme. The candidates have to clear State Level Exam in Mental Ability Test (MAT) and Scholastic Aptitude Test (SAT). The duration of this scheme is for 4 years. The students can only take one scholarship and are not involved in part-time or full-time employment.
You can find the detailed information of the NMMS in the table below:
Eligibility and Benefits of National Means cum Merit Scholarship (NMMS)
Scheme Administration Department | Dept of Elementary Education (HRD). |
Eligibility | 1. The candidates have to clear State Level Exam in Mental Ability Test (MAT) and Scholastic Aptitude Test (SAT). 2. Class VIII students (55% for General and 50% for SC / ST) can apply for this scheme. 3. The students will have to score 55% in 9th and 60% in 10th (relaxation of 5% for SC / ST) if they want the benefits to continue. 4. Government, Local Body, and Govt Aided Schools are only eligible. Note: In the event of a gap of one session, the scheme will be discontinued. |
Benefits | Rs. 6,000 will be given per year or Rs, 1,500 will be given Quarterly for four years. |
Details of Post-Matric Scholarship for SC Students
Post-Matric Scholarship for SC Students (PMS-SC) is given by the Ministry of Social Justice & Empowerment Through States /UT and Head of Institution. The students who have passed their Class Xth (SC Students) are eligible for this scheme.
You can find the detailed information of the PMS-SC in the table below:
Eligibility and Benefits of Post-Matric Scholarship for SC Students (PMS-SC)
Scheme Administration Department | Ministry of Social Justice & Empowerment Through States /UT and Head of Institution |
Eligibility | 1. Only SC Students are eligible. 2. The Students should have passed 10th Class. 3. The scholarship will be given to all SC candidates for class XI and XII, Professional Courses leading to Degrees, Diplomas, and Certificates, Graduate degree, LLM, C.A./I.C.W.A./C.S./I.C.F.A.; M. Phil., Ph.D. and Post Doctoral Programmes, and Commercial Pilot License. 4. Parental Income: Rs.2.5 Lakh / Annum |
Benefits | 1. Maintenance allowances. 2. Reimbursement of non-refundable compulsory fees. 3. Charge for the study tour. 4. Thesis printing charges and typing charges for Research Scholars. 5. Students pursuing correspondence courses receive a book allowance. 6. A library service for specified courses. 7. Additional allowances are granted to students with disabilities for the full period of the course. |
Details of Pre-Matric Scholarship for SC Students
Pre-Matric Scholarship for SC Students given by the Ministry of Social Justice and Empowerment to SC students of Class IXth and Xth (Government and Private Schools both).
You can find the detailed information on the Pre-Matric Scholarship for SC Students in the table below:
Eligibility and Benefits of Pre-Matric Scholarship for SC Students
Scheme Administration Department | Ministry of Social Justice & Empowerment Through States /UT and Head of Institution. |
Eligibility | 1. SC students of Class 12th and Xth (Government and Private Schools both). 2. Family Annual Income / Parental Income should be less than Rs. 1 Lakh / Annum. |
Benefits | 1. PFMS will give financial rewards to the selected candidates so that they don’t drop out of school because of their financial condition. |
Details of Post-Matric Scholarship for OBCs
Post-Matric Scholarship for OBCs is given by the Ministry of Social Justice & Empowerment Through States /UT and Head of Institution. The students who have passed their Class Xth (OBC Students) are eligible for this scheme. Students from class XI to the postdoctoral level are eligible for this scholarship.
You can find the detailed information of the PMS-OBC in the table below:
Eligibility and Benefits of Post-Matric Scholarship for OBCs (PMS-OBC)
Scheme Administration Department | Ministry of Social Justice & Empowerment Through States /UT and Head of Institution |
Eligibility | 1. Only OBC Students are eligible. 2. The Students should have passed 10th Class. 3. The scholarship will be given to all SC candidates for class XI and XII, Professional Courses leading to Degrees, Diplomas, and Certificates, Graduate degree, LLM, C.A./I.C.W.A./C.S./I.C.F.A.; M. Phil., Ph.D. and Post Doctoral Programmes, and Commercial Pilot License. 4. Parental Income: Rs.2.5 Lakh / Annum. |
Benefits | 1. PFMS gives various financial rewards to the selected meritorious candidates. |
Details of Up Gradation of Merit of SC Students
Up Gradation of Merit of SC Students is given by Ministry of Social Justice & Empowerment Through States /UT and Head of Institution. 2050 SC/ ST students are covered under this scheme. The students studying in Class 9th to Class can take benefits of this scheme. Coaching and Hostel facilities are covered under this program for 4 years.
You can find the detailed information of the Up Gradation of Merit of SC Students in the table below:
Eligibility and Benefits of Up Gradation of Merit of SC Students
Scheme Administration Department | Ministry of Social Justice & Empowerment Through States /UT and Head of Institution |
Eligibility | 1. The entrance level is class 9th, but students can enroll in class 10th and 11th if shown excellent performance. 2. Schools are selected for inclusion in the program based on their illiterate population of SCs. The schools selected for inclusion must have the following characteristics: – An all-around development facility. – Good academic results consistently. – Kendriya Vidyalaya with hostel facility. – Hostel facility. |
Benefits | 1. A Package of Rs.25,000 per student per year. 2. Rs. 15,000 per student per year as under: – For 10 months, Board & Lodging charges are Rs. 900 per month. – Pocket money for 10 months at Rs. 300. – Rs. 3,000 for books and stationery. 3. Honorarium to Principals, Experts, and other incidentals amount to Rs. 10,000 per year per student. |
Details of Top Class Education Scheme for SC
Top Class Education Scheme for SC is given by Ministry of Social Justice & Empowerment Through States /UT and Selected school’s Head of Institution to 207 Institutions of Excellence spread all over India including IIMs, IITs, NITs and all specializations in Engineering, Medicine/Dentistry, Law, Management.
You can find the detailed information of the Top Class Education Scheme for SC in the table below:
Eligibility and Benefits of Top Class Education Scheme for SC
Scheme Administration Department | Ministry of Social Justice & Empowerment Through States /UT and Selected school’s Head of Institution |
Eligibility | 1. This Scheme is only applicable to SC Students. 2. 207 institutions of excellence spread all over the country are covered. 3. Courses offered include Engineering, Medicine/Dentistry, Law, Management, and other Specialized Streams. 4. Family / Parental Income should be Rs. 4.50 lakh / Annum. |
Benefits | 1. Full tuition fees and non-refundable charges. 2. In private institutions, the fee will be limited to Rs. 2 lakh per annum. 3. In private commercial pilot training institutions, there will be a ceiling of Rs.3.72 lakh per year. 4. Living expenses per month are Rs.2220 per student. 5. Books and stationery for Rs.3000 per year per student. 6. One recent computer with all accessories will be provided as one-time assistance of Rs. 45000 per student. Living expenses, the cost of books and stationery, and the computer costs are subject to actual. |
PFMS Scholarship Important Links
You can see the important links of all the schemes below.
Scheme Name | Links |
Scholarship to Universities / College Students | Click Here |
Post-Matric Scholarship for SC Students | Click Here |
Pre-Matric Scholarship for SC Students | Click Here |
National Means cum Merit Scholarship | Click Here |
National Scheme for Incentive for the girl child for secondary education | Click Here |
Top Class Education Scheme for SC | Click Here |
Up gradation of Merit of SC Students | Click Here |
Post-Matric Scholarship for OBCs | Click Here |
Bank List Under PFMS Scholarship
- Abu Dhabi Commercial Bank.
- Karnataka Bank.
- Allahabad Bank.
- Karur Vysya Bank.
- Allahabad Gramin UP Bank.
- Kotak Mahindra Bank.
- Andhra Bank.
- Madhya Bihar Gramin Bank.
- Andhra Pragathi Grameena Bank.
- Manipur State Co-op.Bank Ltd.
- Axis Bank.
- New India Co-operative Bank Ltd.
- Bank of Bahrain and Kuwait.
- NKGSB Co-op Bank Ltd.
- Bank of Baroda.
- Oriental Bank of Commerce.
- Bank of India.
- Punjab and Sind Bank.
- Bank of Maharashtra.
- Punjab National Bank.
- Bassein Catholic Co-op.Bank Ltd.
- RBL Bank.
- Bombay Mercantile Co-op.Bank Ltd.
- South Indian Bank.
- Canara Bank.
- Standard Chartered Bank.
- Catholic Syrian Bank Ltd.
- State Bank of India.
- Central Bank Of India
- SVC Co-operative Bank Ltd.
- Citibank Syndicate Bank.
- City Union Bank Ltd.
- Tamilnad Mercantile Bank Ltd.
- Corporation Bank.
- The Cosmos Co-operative Bank Ltd.
- DCB Bank Limited.
- The Federal Bank Ltd.
- Dena Bank.
- The Jammu and Kashmir Bank Ltd.
- Deutsche Bank.
- The Kalupur Commercial Co. op. Bank Ltd.
- Dhanlaxmi Bank Ltd.
- The Lakshmi Vilas Bank Ltd.
- HDFC Bank.
- The Saraswat Co-operative Bank Ltd.
- HSBC.
- The Thane Janata Sahakari Bank Ltd.
- ICICI Bank.
- UCO Bank.
- IDBI Bank.
- Union Bank of India.
- Indian Bank.
- United Bank of India.
- Indian Overseas Bank.
- Vijaya Bank.
- Indusind Bank Limited.
- Yes Bank Ltd.
- Jharkhand Gramin Bank.
How to Apply or Register for PFMS Scholarship 2021 Schemes [Step by Step PFMS Scholarship Registration Process]
PFMS offers a variety of Scholarships under one roof and the registration process of each scheme is almost the same. In this section, I will give you a step-by-step process for PFMS registration.
If you are eligible and complete the process then the government will direct deposit the scholarship fund into the candidate’s bank account or postal account. Registration for the PFMS is only available for a limited time. Check the eligibility criteria before applying.
#Step 1: To begin, visit the official website.
#Step 2: On the homepage, click on “PFMS Scholarship Student Registration” or the Scheme / Scholarship you are applying for.
#Step 3: Choose “Scholarship to Universities/Colleges” or the one you are applying for.
#Step 4: Select the following information:
- Year of passing 12th grade.
- Board of Education.
#Step 5: Please provide the following information:
- Your bank account number.
- The branch’s IFSC code.
#Step 6: Select the category from the drop-down menu.
#Step 7: Click “Search”.
#Step 8: The form will be displayed on the screen automatically once the system has found the name.
#Step 9: Enter the details below:
- Mobile number.
- Email ID.
#Step 10: Create a username and password.
#Step 11: Please enter the captcha code below.
#Step 12: Upload your documents.
#Step 13: Click the “Submit” button.
How to Login to PFMS Scholarship Portal?
You can follow the steps to login in PFMS Scholarship Portal:
#Step 1: Visit the official website and click login in the upper right corner.
#Step 2: Once you Clicked on login. A new page will open.
#Step 3: Enter Your Username and Password.
#Step 4: Click on the “Log In Button”.
How to Know Payment Status of Your PFMS Scholarship?
The students can Know the Payment Status of their PFMS Scholarship through this Public Financial Management System portal. You can follow the steps given below to know your payment status:
#Step 1: To begin, visit the official PFMS website.
#Step 2: Click on Know Your Payment Status. See the image below.
#Step 3: Now Enter the Details Like Bank Name, Account Number and Enter the Word Verification.
#Step 4: Click on Search Button.
How to Track NSP Payments?
The candidates can Track Track NSP Payments their PFMS Scholarship through this Public Financial Management System portal. You can follow the steps given below to know your payment status:
#Step 1: To begin, visit the official PFMS website.
#Step 2: Click on Track NSP Payments. See the image below.
#Step 3: Now Enter the Details Like Bank Name, Account Number, or NSP Application ID and Enter the Word Verification.
#Step 4: Click on Search Button.
PFMS Contact Details, Helpline Number, and Toll-Free Number
You can find the PFMS Contact Details of various authority below:
PFMS Project Cell ORGANISATION CHART State Level ICAS Nodal Officers HELP DESK Toll-Free No
- 1800 118 111
Address (Mailing Address)
O/o Controller General of Accounts
Ministry of Finance, Department of Expenditure
Public Financial Management System – PFMS
3rd & 4th Floor, Shivaji Stadium Annexe
Connaught Place, Shaheed Bhagat Singh Marg
New Delhi – 110001
Phone/Fax: (011) 23343860
Email: helpdesk-pfms[at]gov[dot]in
PFMS HELP DESK for Pr.AOs / PAOs / DDOs / PDs
This Help Desk is intended for the Pr.AO, PAOs, DDOs, and PDs only. Queries regarding DBT and other activities should be sent to the PFMS Central Help Desk.
PFMS Scheme Wise Contact List
If you have any issue or want to know more details on any specific PFMS Scheme then you can follow the below steps to get Scheme Wise Contact List.
#Steps 1: Visit the official PFMS website and Click Help Desk.
#Step 2: Enter Scheme Name, Select Scheme Group Type from the Drop Down, Select Scheme Type from Drop Down.
# Step 3: Click Search Button. Once you click on the search button. The details will be shown.
How to Re-New PFMS Scholarship? Steps for PFMS Renewal Application
The candidates who have already applied before and want to renew their application can follow the PFMS Renewal Application step by step process given below:
- Visit the official PFMS website.
- Click the Login option in the upper right corner.
- Enter your username and password and click the login button.
- Choose the renewal application form.
- Check the application details and update the information.
- Upload the required documents with the new information.
- Please submit the application form.
How to Get Login Details? If Agency Is Already Registered
#Step 1: Visit the official PFMS website. Click Get Login Details If Agency Is Already Registered.
#Step 2: Please enter the email address, unique code (agency code), and the bank account number specified at the time of agency registration, and the Captcha code.
#Step 3: Click on the Submit button. After confirmation of this data, you will receive your login id and system-generated password by email.
How to Manage Registered Agency?
#Step 1: Visit the official PFMS website. Click Manage Registered Agency.
#Step 2: Enter the required details like agency name, State, District, Unique Code, and NGO Darpan ID.
#Step 3: Click on Search to see the details on the screen or click on export to excel if you want to export the data.
How to See Bank Branch Details?
Step 1: Visit the official PFMS website. On the left-hand side, you can see a Bank Icon. Hover over the mouse and Click Bank Branch.
#Step 2: Enter Bank Name or Post Name, Branch Address or PIN Code, BSR Code, and IFSC Code and Click on Search Button.
How to See Bank Merger IFSC Mapping Details?
#Step 1: Visit the official PFMS website. On the left-hand side, you can see a Bank Icon. Hover over the mouse and Click Bank Merger IFSC Mapping.
#Step 2: Enter Merger Bank Name, Select the Lead Bank Name from the Drop Down and Enter the Captcha Code.
#Step 3: Click on the Search Button. The Details will appear like Old Bank Name, Old Branch Name, Old IFSC Code, New Bank Name, New Branch Name, and New IFSC Code.
How to Track GSTN (Step by Step Procedure)
#Step 1: Visit the official PFMS website. On the left-hand side, you can see a Brief Case Icon. Hover over the mouse and Click GSTN Tracker.
#Step 2: Select the Option you want to track:
- GST Registered.
- GST Under Process.
- GST Successfully Processed.
#Step 3: Enter GSTIN or Account Number, Enter Captcha Code and Click View Report Button. The report will be displayed on your screen.
What are the Precautions to take While Filling PFMS Scholarship Application Form?
- Before applying for the scheme, make sure you’re eligible.
- Do not forget to fill out all the mandatory information in the proper form.
- Fill in the registration details carefully.
- Upload the documents in a specified dimension.
- The bank account should be linked with the Aadhar card.
- Please take a printout of your application for future reference.
Frequently Asked Questions (FAQ)
What is the PFMS Transaction For FY 2020-2021?
Public Financial Management System makes a huge transaction every day. The PFMS Transaction For Financial Year 2020-2021 is 1,35,60,42,520 (Transaction Count) and Amount is 32,61,934 (in Crores).
How Can I Check my PFMS Balance?
You can see the post to Check my PFMS Balance.
How can I Check my PFMS Scholarship?
PFMS has different Scholarship schemes. See the post to get all the PFMS Scholarship details.
How can I Apply for PFMS?
Candidates can register online at the official site pfms.nic.in and then submit their Scholarship Applications. You can also see your payment status online.
What is PFMS scholarship?
The Public Financial Management System (PFMS) is used to e-pay subsidies through Direct Benefit Transfer (DBT) to both Aadhar based and non-Aadhar based bank accounts through the National Payments Corporation of India (NPCI).
What are the Eligibility Criteria of PFMS Scholarship?
PFMS Scholarship has different schemes under its umbrella. See some of the common requirements below:
# Annual Family Income Certificate.
# Passport size Photograph of the candidate.
# Bank Details.
# In some schemes, the students should be from Renowned Colleges and should give outstanding performances.
# The candidates will have to submit the fee receipt to get the benefit of scholarship programs.
# The students will have to give a caste certificate in some schemes.
# The students will have to show the class mark sheet.
Last Thought
I hope in this post, PFMS Scholarship 2021 [Check Balance | Payment Status | Eligibility] you got all the information you are looking for. Feel free to comment below if you have any questions related to PFMS Scholarship.