About the PFMS Scholarship

About the PFMS Scholarship 

The PFMS scholarship is financial assistance provided to impoverished students who are unable to pay their tuition. The full name of the PFMS system is Public Financial Management System. It's a website that offers low-income students financial assistance in the form of a scholarship. The Public Financial Management System (PFMS) is a government-run programme that distributes monies to qualifying recipients. There are certain fundamental qualifying requirements that an applicant must meet in order to be considered for this PFMS scholarship programme. In this post, we will discuss the PFMS scholarship programme, including the application process, paperwork requirements, and qualifying criteria. We've also included information on how to find out when your scholarship will be paid.

What are the Benefits of  PFMS Scholarships

1. Renowned institutions and universities provide financial aid to students pursuing higher education.
2.  it assists a student who belongs to the ST/SC, OBC, or economically disadvantaged group in obtaining support.
3. The scholarship money will allow the student to continue their study without any obstacles.

Through the Direct Benefit Transfer (DBT) mechanism, the scholarship payments are deposited immediately to the candidate's bank account or post-office account.

Are my Eligible  to apply for PFMS Scholarships

These requirements and papers are required for candidates to apply for this plan. Those who do not meet these requirements are not eligible for a scholarship. 

• The candidate must be an Indian permanent resident.
• The beneficiary's family's annual income must be less than Rs. 600000/-.
• The applicant's age must be between 18 and 25 years old.
• The applicant must have passed the matriculation examination, which is the lowest level of secondary education.
• Documentation is required.

Documents Required to apply for PFMS Scholarships

Documentation is required.

The following papers are necessary to apply for the public financial management system. Candidates must create the paperwork before to applying for the programme in order to avoid any delays. The following documents are required for the public finance management system:

a certificate of education

Make a mark on the matriculation sheet.

Certificate of residence

a caste certificate

Passport size photograph

Details of the Aadhar Card

Receipt of payment

Phone number

Details of your bank account

Family income certificate

List of Banks Participating in PFMS Scholarships

1. Abu Dhabi Commercial Bank 
2. Allahabad Bank 
3. Allahabad Gramin UP 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. Catholic Syrian bank ltd.
15. Central bank of India
16. Citibank
17. City union bank ltd
18. Corporation bank
19. Dcb bank limited
20. Dena bank
21. Deutsche bank
22. Dhanlaxmi bank ltd
23. HDFC bank 
24. HSBC
25. ICICI bank 
26. IDBI bank 
27. Indian bank
28. Indian overseas bank
29. Indusind bank limited
30. Jharkhand Gramin bank
31. Karnataka bank
32. Karur vysya bank
33. Kotak Mahindra bank
34. Madhya Bihar Gramin bank
35. Manipur state co-op.bank ltd.
36. New India co-operative bank ltd
37. NKGSB co-op bank ltd
38. Oriental bank of commerce
39. Punjab and Sind bank
40. Punjab National bank
41. RBL bank
42. South Indian bank
43. Standard chartered bank
44. State bank of India
45. Svc co-operative bank ltd.
46. Syndicate bank
47. Tamil Nadu mercantile bank ltd
48. The cosmos co-operative bank ltd.
49. The federal bank ltd
50. The Jammu and Kashmir bank ltd
51. The kalupur commercial co. op. bank ltd.
52. The Lakshmi Vilas bank ltd
53. The Saraswat co-operative bank ltd
54. The Thane Janata Sahakari bank ltd
55. UCO bank
56. Union Bank of India
57. United bank of India
58. Vijaya bank
59. Yes bank ltd

List of PFMS Scholarship Schemes

Given below are the details of different PFMS scholarship schemes:

1. PFMS scholarship for students in colleges/universities
2. Pre-matric scholarship for SC category students
3. Post-matric scholarship for SC category students
4. PFMS national means cum merit scholarship
5. National scheme of incentive to girl students for secondary education
6. Post-matric scholarship for OBC category
7. PFMS merit scholarship up-gradation scheme of SC category students
8. PFMS top class education scheme for SC category