PFMS Scholarship 2023-24: Apply Online & Payment Status

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The PFMS Scholarship has just been introduced, offering financial aid to students from marginalized groups like SC, OBC, and more. This means students can continue their studies without any interruptions. There are 8 different scholarships available, so students can choose the one that fits their background.

Today through this article we will provide you with all types of information about PFMS Scholarship 2023-24 like Purpose, Eligibility Criteria, Benefits, Features and Important Documents etc. Apart from this, we will share with you the process of applying online for this scholarship. To get complete information about this scholarship initiative, read this article till the end.

PFMS Scholarship 2023-24

Hey there! If you’re dealing with money problems as a student, the PFMS Scholarship might be able to help you out. They’ve introduced 8 major scholarships to assist students in paying for their education fees. This opportunity is specifically for students from the SC and OBC categories. So if you fall under these categories, don’t hesitate to apply for this scholarship to ease your financial worries and support your education goals!

Many students struggle to pay for their education due to financial hardships. The PFMS Scholarship was created to provide financial assistance to students in need. This program aims to support those from underprivileged backgrounds by helping them cover their admission fees. Visit the official website to learn more about this scholarship.

Highlights Of PMFS Scholarship Scheme 

The highlights of this scholarship are as follows: –

Objectives of PFMS Scholarship Scheme 

The primary objective of launching the PFMS Scholarship is to provide a portal with links to the central and state government scholarships so that the students will be able to apply to the various scholarship schemes launched by the state in which they are living. This will provide an opportunity for the students of SC and EBC to get scholarship assistance provided by the government.

Another objective of launching the PFMS Scholarship Scheme is to facilitate the movement of funds or money spent or disbursed by the government for providing scholarships to students belonging to the Economically Backward Classes and disadvantaged section communities. This portal or system will bring transparency and accountability to the work of displaying funds allocated for the relevant scholarship initiative.

List Of Covered Scholarships Under PFMS Scholarship

The list of covered scholarship in this system are as follows:- 

• PFMS Scholarship to Universities/College Students
• PFMS Post Matric Scholarship (SC)
• PFMS Scholarship Pre-Matric Scholarship (SC)
• PFMS Student Scholarship National Means cum Merit Scholarship 
• PFMS Scholarship National Scheme for Incentive for the girl child for secondary education
• Top Class Education Scholarship (SC)
• Scholarship for Up-gradation of Merit (SC)
• Post-Matric Scholarship (OBC)

Subsidiary Scholarship Initiatives

The details of each subsidiary scholarship initiative are as follows:-

Group Wise Classification Of Courses 

The details of covered courses under each group are as follows:-

Group Wise Scholarship Amount

The details of the scholarship amount provided to each group are as follows:- 

Issuing Authority

The issuing authority of each scholarship are as follows:-

PFMS Scholarship Last Date

As the last date to apply online for this scholarship has been launched, now the students can apply online before the last date. The last date for online form submission will be 15th December 2024 by which the students can apply online. After getting online registration on time, the students will get rid of server-hanging issues.

Eligible Beneficiaries

The following beneficiaries will be considered eligible:-

• SC
• OBC

Student Types

The lists of student types are as follows:-

• Scholars
• Hostelers

Eligible Classes

The lists of eligible classes are as follows:-

• Class 9^th 
• Class 10^th 
• Class 11^th 
• Class 12^th 

Eligible Degrees

The lists of eligible degrees are as follows:-

• UG Degree
• PG Degree
• PhD Degree

Age Limit

The beneficiary who is going to apply for this scholarship program will need to make sure that the age limit possessed by them is as per the age limit or group that has been specified by the selection body which means the applicant must be falling under the age group of 18 to 25 years.

List Of Empanelled Banks 

The list of the empanelled banks is as follows:- 

Transferral Through DBT Mode 

For the reduction of corruption favours and issues, the Central Government has directed all the concerned officials as well as authorities to transfer the scholarship amount to only those account numbers who have linked their account number with the aadhar number. For this, the government has adopted the mode of DBT (Direct Benefit Transfer).

Centrally Sponsored Schemes 

The Public Financial Management System promotes the Centrally Sponsored Schemes which are implemented by the State Government but are largely sponsored by the Central Government holding a defined shareholding. These schemes will motivate the state government to plan and implement various scholarships for the welfare of OBC or EBC students.

Central Sector Schemes 

The Central Sector Schemes are the schemes that don’t include the active participation of the State Government to launch and plan the scholarship plans. These scholarships are 100% funded by the Central Government and by the Central Government Agencies. Schemes and plans are formulated on the subjects mentioned on the union list. 

PFMS Transaction Status 

The transactions status of PFMS are as follows:- 

Role Of CGA 

Here the Controller General of Accounts plays a vital role in advising the Central Government on establishing and coordinating a technically sound Management Accounting System. The role of the CGA is to provide accurate details which bring transparency to the use and disbursal of public funds allocated for scholarships through an integrated government financial system. 

Application Enrollment Last Dates

The last dates for each scholarship to apply online are as follows:-

Some Other Offered Benefits

The list of some other benefits offered to the students is as follows:-

• Financial Assistance
  • Provision of financial support to deserving and meritorious students.
  • Alleviates the financial burden on students.
  • Allows students to focus on education without worrying about expenses.
• Enhanced Education Opportunities
  • Provides access to quality education.
  • Allows students to pursue courses or programs of their choice.
  • Removes financial constraints and widens the scope of education.
• Merit Recognition
  • Recognizes and rewards students’ merit.
  • Encourages academic excellence and motivation.
  • Boosts self-esteem and confidence.
• Social Empowerment
  • Ensures equal opportunities for students from diverse backgrounds.
  • Bridges the education gap.
  • Promotes inclusivity and empowers individuals.
• Career Advancement
  • Supports career growth through financial aid.
  • Enables pursuit of higher education or professional courses.
  • Enhances employability and opens doors to better job opportunities.

Benefits Of PFMS Scholarship 2023-24

The benefits of this scholarship are as follows:- 

• Students will be able to track the status of funds allocation and funds disbursement after visiting the PFMS Scholarship Portal.
• A list of 8 scholarships will be offered to the students for applying.
• There are thousands of schemes that will be provided on this portal for bringing transparency and answerability to the accounting system. 
• Various government and private banks have been empanelled by the Central Government for the disbursement of funds required for the implementation of schemes. 
• This system executes the disbursal of scholarship amounts through the mode of Direct Benefit Transfer. 
• For effective management, the government has directed all the concerned authorities or officials to transfer the amount directly to the beneficiary’s bank accounts. 
• Students having SC/ST quota can get numerous assistance provided by the government in the form of scholarships. 
• There will be super and effective management of funds allocated and disbursed with the help of the PFMS Scholarship Scheme. 
• Scholarships will also be provided to the applicant based on his/her performance. 
• The scholarship amount will be transferred to the aadhaar-based bank account numbers. 

Features Of PFMS Scholarship Scheme 2023-24

The features of this scholarship are as follows:- 

• The Controller and General of India have launched the PFMS Scholarship. 
• There are around 8 kinds of subsidiary scholarship initiatives.
• The student must belong to the SC and OBC caste categories.
• This provides a single platform for the e-payment of subsidies under the DBT. 
• The main responsibility of this portal is to provide or bring transparency and accountability to the use and disbursal of public funds. 
• With this portal, students can access various scholarships online with their studies. 
• Students will be empowered to continue their studies without thinking about their financial problems. 
• Students opting for the scholarship will need to secure 70% to 80% marks in the previous year’s examination. 
• PFMS Scholarship Scheme ensures that the payment has been transferred to a valid account number. 
• One can dial 1800-843-1122 to check their bank account balance. 

PFMS Scholarship Eligibility Criteria 

The applicants will need to possess the mentioned-below eligibility criteria for getting online registration under this scholarship:- 

• The applicant must be a citizen of India. 
• The annual income of the applicant’s family must be below Rs. 6,00,000/-.
• The applicant must fall under the age group of 18 to 25 years. 
• The student must have passed his/her 10th class. 

Important Documents 

Some of the important documents to apply online under the PFMS Scholarship are as follows:- 

• Aadhar Card
• Residence/Domicile Certificate
• DOB Certificate
• Caste Certificate
• Educational Certificates
• Course or College Fee Receipt
• Bank Account Details
• Annual Income Certificate
• Latest Passport Size Photograph
• Working Email ID Address
• Active Mobile Number

Process To Apply Online Under PFMS Scholarship 2023-24

The applicants will need to click on the mentioned links to get online registration:-

Procedure To Do Login 

The applicants will need to follow the mentioned below steps for getting login on to the portal:- 

• First of all, you will need to visit and open the Official Website of PFMS Portal. 

• Now you will be able to see the homepage. 
• On the homepage, look at the right-hand side of your screen.
• Click on the Login button.

• A login form will be displayed. 
• Fill in the details. 
• Then at last click on the Log In button. 

Retrieving Forgotten Password 

The applicants will need to follow the mentioned below steps for retrieving the forgotten password on the portal:- 

• First, visit the official website. 
• Then you will land on the homepage. 
• On the homepage, look at the right-hand side of your screen.
• Click on the Login button.

• Click on the link to Forgot Password?

• A new page will be displayed showing the Forgot Password Form. 
• Fill in the relevant details on the required columns such as:-
  • Login ID
  • Email 
  • Captcha Code
• Then click on the Continue button.
• After that, follow the step-by-step forms displayed on your screen.
• Then you will be able to retrieve your Forgotten Password. 

Tracking Payment Status 

The applicants will need to follow the mentioned below steps for tracking payment status on the portal:- 

• To track payment status, you will need to visit the official website.
• Then you will land on the homepage.
• Click on the link to Know Your Payments.

• A new page will be displayed showing the relevant form. 
• Fill out this form correctly. 
• And then click on the Search Button.
• Relevant details will be displayed on your screen. 

Tracking NSP Payments 

The applicants will need to follow the mentioned below steps for tracking NSP payment status on the portal:- 

• Open the official website of the PFMS Portal. 
• On the homepage, click on the link to Track NSP Payment.

• A new page will be displayed showing the Track NSP Payment form. 
• Fill it with the relevant details such as:-
  • Bank name
  • Account number
  • NSP Application ID 
  • Captcha Code
• Then click on the search button.
• The relevant details will be displayed on your screen. 

Procedure To Manage Registered Agency 

The applicants will need to do follow the mentioned below steps for managing the registered agency on the portal:- 

• As the first step, you will need to visit the official website.
• Now you will get land on the homepage.
• Click on the link to Manage Registered Agency.

• A new page will be displayed.
• Fill the form with the relevant details such as:-
  • Scheme 
  • Agency Status 
  • State 
  • Agency Name 
  • Account No. 
  • Agency Type 
  • District
  • Unique Code 
  • NGO Department ID 
• Then click on the Search button.
• The relevant details will be displayed on your screen. 

Getting Contact Details 

The applicants will need to do follow the mentioned below steps for get contact details on the portal:- 

• To get contact details, the applicant will need to open the official website of the PFMS Portal. 
• Then you will land on the homepage where you will need to click on the link to the Help Desk.

• A new page will be displayed on your screen.
• On this new page, click on the link to Help Desk For Pr.AOs, PAOs, DDOs & PDs.

• The PDF file of this link will be displayed.
• Contact details will be shown on this PDF.
• Now you can view these details. 

Contact Information 

In case any queries and questions come to your mind regarding the PFMS Scholarship, then you may contact these helpline numbers and Email ID:- 

• Office 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
• Helpline No.s =  1800 118 111, 01123343860
• Email ID:= helpdesk-pfms@gov.in