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Sudeshna Paul
Updated on 02nd July, 2024 , 2 min read
PFMS Scholarship Scheme Details
The Public Financial Management System, abbreviated as the PFMS is an online portal set up by the Ministry of Finance, India. This portal (pfms.nic.in) is maintained by the Controller General of Accounts which issues scholarships to students from the socioeconomically disadvantaged groups in society.
This is an initiative by the Government of India to financially assist and encourage the primary recipients of the PFMS scholarship in order to fund their studies. Under this scheme, there are multiple scholarship programs that a student can apply for to pursue diploma programs, graduation, post-graduation, or schooling. After the implementation of the PFMS Scholarship Programs by the government, education facilities have improved in the country.
PFMS Scholarship Highlight
Particulars | Details |
| Name of Portal | PFMS Scholarship |
| PFMS Full Form | Public Financial Management System |
| Authoritative Direction | Controller General of Accounts, Ministry of Finance |
| Portal Managed By | Government of India |
| Category | Scholarship Schemes |
Benefits of the PFMS Scholarship
The PFMS scholarship portal has a Direct Benefits Transfer facility for deserving students. This means all students enrolled in the PFMS Portal scholarship program will receive their scholarship money directly into their bank accounts. The Direct Benefits Transfer or the DBT has made scholarship transactions efficient and transparent.
Particulars | Details |
| Name of the Program | Direct Benefits Transfer Program (DBT) |
| Category | Government |
| Official Website | dbtmis.planningcommission.nic.in |
| Features of DBT | Efficiency, Accountability, Transparency |
| Primary benefits of DBT | Students get the scholarship amount directly into their bank account |
List of PFMS Scholarships
The Ministry of Finance, Government of India has published various scholarship programs under the PFMS scheme. This includes both pre- (classes 1-10) and post-matriculation (Class 10 and above) scholarships, among many more. The PFMS is an exclusive online portal that offers a number of education grants to students.
Here is a detailed list of PFMS Scholarship Programs for 2024–2025:
- Pre-Matric Scholarship for SC Students
- Post-Matric Scholarship for SC Students
- Scholarship for Universities/College Students
- National Scheme for Incentive for the girl child for secondary education
- National Means cum Merit Scholarship
- Gradation of Merit of SC Students
- Top Class Education Scheme for SC
- Post-Matric Scholarship for OBCs
Documents Required for PFMS Scholarship Registration
Students who are applying for the PFMS Scholarship must have the following documents to register:
- Aadhar Card
- Date of Birth Proof
- Address Proof
- 10th Marksheet
- 12th Marksheet
- Past Educational Marksheet and Certificate
- School or College Identity Proof
- Family Income Proof
- Passport Size Photo
If there is any discrepancy found in the documents or any document is not verified, the beneficiaries will not be eligible for benefits under the applied scholarship plan.
PFMS Scholarship Eligibility Criteria
- The students should be permanent residents of India.
- NRI student candidates are not allowed to apply for the scholarship.
- Students should have all the necessary documents.
- For the Pre-Matric Scholarship, students should have educational marksheets from a recognized board.
- For the Post Matric Scholarship students must have a 10th-grade certificate from a recognized board.
- Students must have a 12th-grade mark sheet to apply for college/university scholarships.
- The annual family income of the parents should not be more than Rs. 3,00,000.
PFMS Scholarship Important Dates 2024
Particulars | Details |
| Registration Start Date 2024 | March 2024 |
| Registration Deadline 2024 | May 2024 |
| Scholarship Renewal 2024 | April 2024 |
PFMS Scholarship Application Process
Step 1: Log in to the PFMS official portal
Step 2: Select the ‘Scholarship Button’ to look for the list of scholarships
Step 3: Choose the direct link of any scholarship scheme a candidate is applying for
Step 4: On the new page, click on the ‘new registration’ option to register for the scholarship
Step 5: Fill in the required information and complete the OTP verification
Step 6: The page will be automatically directed to fill in further details
Step 7: Carefully fill in your bank details and other necessary information
Step 8: Click on ‘submit’ to complete the registration process
Detailed Scholarship Amount
Scholarship Name | Scholarship Amount |
| Scholarships to College/ University Students | INR 1000 - INR 2000 per month |
| Pre- Matriculation Scholarships | Complete Study Allowance |
| Post- Matriculation Scholarships | Complete Study Allowance |
| Incentive for the Girl Child for Secondary Education | INR 3000 once |
| National Means cum Merit Scheme | INR 6000 annually |
| Under Graduation of SC Students | INR 15,000 - INR 25,000 |
| Scholarship for Meritorious SC Students | Complete Study Allowance up to INR 2 lakh |
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Frequently Asked Questions
What is a PFMS scholarship?
The PFMS Scholarship is an initiative by the Ministry of Finance, Government of India, which allocates scholarships to students from the economically weaker sections. This is done through a DBT system via their official portal.
What is the full form of PFMS?
PFMS stands for Public Fund Management System. It is directed by the Controller General of Accounts of the Government of India, who is responsible for allocating scholarships to students.
How to check scholarship payment on PFMS?
Students can visit the official website and click on 'Track NSP Payment' to check the scholarship status. The student must keep the application ID, bank account number, and bank name handy while logging in to the portal.
How much money is credited from PFMS?
The scholarship amount is credited to the mentioned bank account through DBT. The amount varies depending on the scholarship program a student has applied for.
What is benefit of PFMS?
The PFMS was intended to facilitate educational provisions in the country for economically weaker student candidates. This centrally sponsored scholarship scheme benefits the students to fund their studies.
How can I apply for PFMS scholarship?
A student needs to visit the official portal of PFMS, register, and submit all the necessary documents to be eligible for the scholarship.