What is PFMS Scholarship? Check Your Eligibility, Benefits, Apply, Track

Table of Contents

1.What is PFMS?

2.What are PFMS Scholarship Schemes?

3.Central Sector Schemes

4.Centrally Sponsored Schemes

5.National Scheme of Incentive to a Girl Child for Secondary Education

6.Scholarship for College and University Students

7.PFMS National Means Cum Merit Scheme

8.Pre-Matric Scholarship for SC/ ST Students

9.Post Matric Scholarship for SC/ ST Students

10.Post-Matric Scholarship for Students Belonging to OBCs

11.Scholarship of Top Class Education for SC Students

12.Upgradation of Merit of SC Students

13.How to Register on PFMS Portal?

14.How to Login into PFMS?

15.How to Know Your PFMS Payment Status?

 

PFMS Scholarship is one of the schemes that Central and State Governments provide to eligible students to make education accessible to all. Education is a fundamental right of a citizen of India. Students need not bother about the skyrocketing education fees. The Central government and state governments give out lakhs of scholarships to needy and deserving students every year. Financial challenges need not deprive a worthy student of his rightful education.

What is PFMS?

PFMS is the short form for Public Financial Management System. It is an online platform where you can manage all your PFMS scholarship schemes, subsidies, and much more. But for this article, we will limit our discussion to the scholarship schemes. Eight PFMS scholarship schemes are running currently. Using the PFMS portal, you can check the eligibility and benefits of all the schemes. Then apply for the one you are eligible for. Finally, track payments that are made directly into your bank account, all from one online PFMS portal!

 

What are PFMS Scholarship Schemes?

As already told, PFMS offers a total of eight scholarship schemes. And these eight schemes are divided into two categories: Central Sector Schemes and Centrally Sponsored Schemes. Central Sector Schemes are schemes that the central government funds completely. At the same time, we have Centrally Sponsored Schemes. These schemes, as the name says, are 'sponsored' by the central Government. We mean that the central Government partially funds these schemes, and the state governments fund the balance amount. There are various ratios in which the distribution between state and central Government is decided like, 50:50, 60:40, 70:30, 75:25, or 90:10.

Below is the list of both the types of PFMS scholarship schemes:

Central Sector Schemes

1. PFMS Scholarships for colleges and universities.
2. National incentive PFMS scheme for secondary education of a girl child
3. PFMS national means cum merit scholarship

Centrally Sponsored Schemes

1. PFMS pre-matric scholarship for SC category students
2. PFMS post-matric scholarship for SC category students
3. PFMS post-matric scholarship for OBC category
4. PFMS merit scholarship up-gradation scheme of SC category
5. Top-class education PFMS scheme for SC category

Now, let us see the eligibility and benefits of each of the scholarship.

National Scheme of Incentive to a Girl Child for Secondary Education

This scheme is abbreviated as NSIGC and provides aid to an only female child. The Department of Elementary Education runs the scheme. It kicks in when the girl child completes the IX standard and, in a particular case, the VIII standard.

Eligibility

1. The girl should belong to SC/ST category.
2. The girl applying for the scholarship should have completed the IX class. Girls passing their VIII class from the KGBV scheme (Kasturba Gandhi Balika Vidyalaya scheme) are also eligible.
3. Another requirement is that the girl candidate should be studying in a government school, a local body or a govt-aided school.

What do You get?

1. The girl child gets a single payment of ₹3,000.
2. And the girl will receive this payment once she reaches the age of 18. She also needs to do two straight years in school after taking admission to IX class. And lastly, she needs to pass the X class.

 

Scholarship for College and University Students

Next up is the PFMS scholarship for college and university students. It is for students doing graduation, post-graduation, or any professional course. This scholarship helps them meet ends while pursuing their education and makes their journey easier. The best part is the vast number of scholarships available. Forty-one thousand girls and forty-one thousand boys every year benefit from this scheme. Yes, the Government offers a total of 82,000 new scholarships each year.

Eligibility

1. The student should have cleared the 12th class while scoring marks within the top 20%.
2. The student should also be in the age group of 18-25 years.
3. And lastly, the annual family income should be less than six lacs.

What do You get?

1. The graduation students receive ₹1,000 every year till three years.
2. Post-graduation students get ₹2,000 every month.
3. And students pursuing professional courses receive ₹2,000 per month but only for the 4th and 5th year.

Note: You must renew the scholarship every year.

PFMS National Means-Cum-Merit Scheme

PFMS is another Central Sector Scheme and helps students sustain themselves financially. Run by the Department Of Elementary Education, it tries to assist students in meeting their expenses.

Eligibility

1. The candidate should have passed its VIII class with 50% marks for SC/ST and 55% for General.
2. The selection process involves Mental Ability Test (MAT) and Scholastic Ability Test (SAT) state-level test.
3. The student should be studying in a local body, government school, or government-aided school.

What do You get?

1. The scholarship lasts four years in a row.
2. And the amount received is ₹6,000 annually and ₹1,500 quarterly.
3. But the selected student must secure 55% in the 9th class and 60% in the 10th class to keep continuing the scholarship.
4. Lastly, if the student gets this scholarship, he can avail of no other scholarship than this. Also, he cannot take a part-time or full-time job during these four years.

Pre-Matric Scholarship for SC/ST Students

Ministry of Social Justice And Empowerment offers this centrally sponsored scholarship. Second, it gives hope to students with a family income of less than $1,00,000 per annum. And lastly, as the name says, it helps students studying in IX and X class.

Eligibility

1. The student must be of the SC category.
2. He or she must be studying in IX or X class.
3. Family income must be less than ₹1,00,000.
4. The candidate should be studying in a Government School, or Government recognized private school.

What do You get?

1. The reward given depends on the financial condition of the student.
2. You need to apply for this scheme through your state portal.

Post-Matric Scholarship for SC/ST Students

AGAIN, this PFMS scholarship is a centrally sponsored scheme that helps students with a maximum family income of ₹2.5 lacs per annum. In addition, it helps them bear the cost of their studies in a variety of ways. And yes, not to forget, the Ministry of Social Justice and Empowerment administers this scheme through UT/ States and Head of Institution.

Eligibility

1. The applicant should have cleared class X.
2. The candidate should be pursuing class XI and XII, any professional course, graduate degree, LLM, Commercial Pilot License, CA/ICWA/CS/ICFA, M.Phil., Ph. D, and Post Doctoral Programmes.
3. The total income of their parents must be less than ₹2.5 lacs per annum.

What do You get?

1. First and foremost, the Government reimburses compulsory non-refundable fee.
2. They also reimburse study tour charges.
3. Next is the reimbursement for thesis typing and printing charges for the research scholars.
4. For those pursuing correspondence courses, they offer book allowance as well.
5. Furthermore, there is a book bank facility for students pursuing specific specified courses.
6. Then there is a maintenance allowance too.
7. And lastly, the Government also provides additional allowances for disabled students for the entire course duration.

PS: Since this is a centrally sponsored scheme, you have to apply through your state portals.

Post-Matric Scholarship for Students Belonging to OBCs

This PFMS scholarship, as the name says, helps OBC students. It is for OBC students that have parental income less than ₹1,00,000 per annum. Ministry of Social Justice & Empowerment through States/UT and Head of Institution administers this PFMS scholarship scheme, also like the previous scheme. And being a Centrally Sponsored Scheme, you have to apply through state portals for the scheme.

Eligibility

1. This one is obvious. The student applying for this scholarship must be from the OBC category.
2. Next, the candidate should study for class XI, XII, or professional studies, graduate degree, LLM, Commercial Pilot License, CA/ICWA/CS/ICFA, M. Phil., Ph. D. and Post Doctoral Programmes.
3. Lastly, the maximum parental income should be 1 Lakh per annum.

What do You get?

1. The financial benefit depends on many factors and is variable.

Scholarship of Top Class Education for SC Students

This PFMS scholarship helps students live their dream of getting top-notch education from premier institutions. It is a door to the kingdom of their dreams. The Ministry Of Social Justice & Empowerment administers this PFMS scholarship scheme through States/ UT and Head Of Institution. However, it is a centrally sponsored scheme; thus, you need to apply it from National Scholarship Portal.

Eligibility

1. You must be pursuing engineering, medicine/dental, Management, Law, or any other specialized course.
2. Your parent's income should be less than ₹4,50,000 per annum.

What do You get?

1. This scheme is a life saviour and covers the full tuition fee and other non-refundable charges. However, there is a cap of ₹2,00,000 per annum per student for private institutions and ₹3,72,000 per annum per student for private commercial pilot training institutions.
2. Furthermore, the students also get ₹2,200 per month per student as living expenses.
3. They also get ₹3,000 per annum per student for books and stationery.
4. And lastly, ₹45,000 once for the latest computer with complete accessories.

Indeed this can be one of the best scholarships for you.

Upgradation of Merit of SC Students

This one is the last scheme of our list of PFMS Scholarship Scheme. This scholarship for Upgradation Of Merit Of SC Students helps arrange coaching for students from IX to XII class. This scholarship lasts for four years, starting in IX. After that, however, students with excellent performance can be enrolled in class X and XI also.

Eligibility

1. The selected students must belong to SC/ST category.
2. The selected schools should have facilities for all-round development of the students, have hostel facilities, and consistently good academic results in the past years. The school can also be a Kendriya Vidhyalaya with a hostel facility.

What do You get?

1. The selected student gets paid in various ways. The first of them is an amount of ₹25,000 paid per student per year.
2. Next, there is an allowance of ₹15,000 per student per year. The distribution of this allowance happens in various parts. First off, this allowance counts ₹900 per month for lodging & boarding charges. Then pocket money of ₹300 per month for ten months and lastly, ₹3,000 for books and stationery.
3. Furthermore, the scholarship also allows ₹10,000 per annum per student for honorarium to Experts, Principal, and other miscellaneous charges.

How to Register on PFMS Portal?

Registering on the PFMS portal is easy. Below are the steps to register:

1.Click on the "PFMS Scholarship Student Registration" from the home page and select your scholarship scheme.

2.Now, fill in all the details about your education and bank account.

3. After that, choose a category from the drop-down menu and click Search.

4.Then enter your permanent mobile number and email ID. Finally, fill in the captcha, upload documents and click Submit.

PS: Do remember to check your eligibility for the scheme before registering for it. Click here to find the eligibility of all the PFMS Scholarship listwise.

 

How to Login into PFMS?

1.Click on the PFMS Login: Click Here

2.Enter your username and password.

3.Then click on the Login button, you will reach your account.

 

How to Know Your PFMS Payment Status?

The best part about PFMS is that it sends the due payment of the scholarship directly into your bank account or Post Office. Yes, there is no middle man, and that leads to more transparency. And you can even track your payment status. Let's see how? With PFMS, it is effortless to know your PFMS payment status.

Steps to check your PFMS Status:

1.Visit the official site and select Know Your Payments for your scholarship payment status.

2.On clicking the tab, the portal will direct you to a new page.

3.On this new page, fill out all the details, including captcha and click Search. You get to know the status of your payments now.

You can also use the PFMS portal to check your NSP payment status. And the procedure for this is also simple. Just click on the Track NSP Payments option on the home page and fill out the form that appears. Lastly, fill in the captcha and submit the form. And your payment status will be in from of you.

 

In a nutshell, PFMS as a portal is fulfilling many dreams. Dreams of good education and a bright future. So, do check out the eligibility of various PFMS scholarship schemes and pick out what fits you best. Then, once you know the scholarship that suits you, apply it by following the above steps and tracking your payments. You can also talk to PFMS support for any help. And if you have any questions, please drop them below. We are always ready for help, and we reply ASAP.