PFMS Scholarship 2022 Eligibility Criteria - Embibe
  • Written By Aditi_M
  • Last Modified 08-06-2022
  • Written By Aditi_M
  • Last Modified 08-06-2022

PFMS Scholarship 2022 – Know Your Eligibility Status

PFMS Scholarship 2022

The PFMS Scholarship 2022 is a central government program implemented by the Ministry of Finance. It is a financial aid to help students with the expenses of higher studies. Similarly, PFMS Scholarship is a web-based online application system developed by the controller general accounts through which the scholarships are offered.  

Candidates can track the PFMS payment status on the official portal. Further, eligibility criteria differs for each scheme. This article provides a list of all the PFMS scholarship schemes and brief description. In recent times, the scope of this portal has been expanded with the digitization of accounts.   

Learn, Practice & Test on India's Largest Education Platform - Embibe

PFMS Scholarship: An Overview 

Particulars Details 
Name of the ScholarshipPublic Financial Management System (PFMS)
Launched byMinistry of Finance, Government of India
BeneficiariesAll Students 
Registration process Online 
EligibilityClass 12 Pass-out
Official Websitehttp://pfms.nic.in/

Scholarship PFMS – Benefits

  • Students who are unable to afford their fees are directly benefitted by this scholarship
  • Candidates preparing for competitive exams can avail this scheme via their institutions
  • All the schools and institutions accept PFMS scholarship under the government directive

Learn Exam Concepts on Embibe

PFMS Scholarship – Official Portal

The PFMS portal offers various scholarships schemes to candidates for College/University fees. It is issued every year by the government of India for those students who are unable to afford tuition fees. There are two types of PFMS scholarship schemes namely central sector schemes and centrally sponsored schemes.

The central sector scheme directly funded by the central government and the sponsored schemes are funded jointly the central and state governments respectively.

Features of PFMS Scholarship 2022 Portal

  • Time-saving: Students can apply for PFMS scholarship 2021 online on the portal
  • Automated Process: All the processes related to scholarship such as verification, approval and payment transfer have been automated
  • Direct Transfer: PMFS scholarship money is directly transferred to the students’ account via DBT payment
  • Easy PFMS Status Check: Once applied, students can easily check their scholarship status online on the portal
  • PFMS Scholarship Application Renewal: Students can renew their applications easily on the portal
  • Direct Contact Support: If students need support regarding the Scholarship, Application Status, or Payment they can directly contact the PFMS authorities

List of Scholarships PFMS Scheme

Here is the list of PFMS Scholarship schemes namely,

  1. PFMS scholarship for college/university students
  2. Pre-matric scholarships for SC category students
  3. Post-matric scholarships for SC category students
  4. PFMS National Means Cum Merit scheme
  5. National scheme of incentive to girl child for secondary education 
  6. Post-matric scholarship for OBC category
  7. PFMS merit scholarship upgradation scheme for SC category students
  8. PFMS top-class education scheme for SC category

PFMS Scholarship Eligibility Criteria

To be eligible for the PFMS Scholarship, candidates must meet the following criteria given below

  • The candidate must be a permanent resident of India.
  • Annual family income of the candidate must be below Rs. 6 lakh
  • Candidates must be between the age of 18 to 25 years.
  • The candidate must have passed the 10th standard board exams

PFMS Scholarship 2022 – Registration Process 

Eligible candidates can fill-in the PFMS application form by the steps below: 

1st Step: Visit the official website of the relevant scholarship portal
2nd Step: Click on the student registration option from the main page 
3rd Step: Select the scholarship scheme based on your eligibility 
4th Step: Provide details such as name, class, age, family income, education, account details, and email ID
5th Step: Upload the required documents to validate the mobile number, OTP will be sent for verification
6th Step: Enter the OTP and recheck all the details before submitting
7th Step: Take print out of the scholarship application after submission 

Learn, Practice & Test on India's Largest Education Platform - Embibe

Scholarship PFMS – Required Documents

These are the list of documents required for the PFMS scholarship:

  1. Aadhaar card
  2. Bank details
  3. Caste certificate
  4. Copy of Class/ Category/ Reservation certificate in pdf format
  5. Scanned copy of the passport size photo (less than 1 MB)
  6. Income certificate
  7. Identity proof of the candidate
  8. Fee receipt copy to be uploaded in pdf format
  9. Copy of mark sheet in pdf format
  10. Scan copy of the candidate’s sign

Practice Exam Questions

PFMS Scholarship: Post Matric SC/ST Students

  1. Qualifying Exam: Class 10th 
  2. Scheme Administration: Ministry of Social Justice & Empowerment Through States /UT and Head of Institution
  3. Family Income: Not more than INR 2.5 lakh per annum
  4. Benefits: Study tour charges, thesis printing charges, reimbursement of fees, book bank facility, book allowance for correspondence courses, additional allowance for students with disabilities for the entire duration of the course.
  5. Academic Qualification: Class 10, Class 12 to Post-doctoral level. 
  6. Application Mode: Online application through the official website. 

PFMS Scholarship: Pre-Matric SC Students

  1. Administering Authority: Ministry of Social Justice and Empowerment, Government of India
  2. Sponsored by: Centrally Sponsored 
  3. Academic Qualification: Students from Class 9 and Class 10
  4. Family Income: Not more than INR 1 lakh per annum.
  5. Application Mode: Online application through the respective portal. 

Scholarship PFMS: National Means Cum Merit Scheme

  1. Qualifying exam: Minimum 55% in Class 8th for general category and 50% for SC/ST category 
  2. Selection Process: Scholastic Aptitude Test (SAT), and Mental Ability Test (MAT)
  3. Duration of scholarship: 4 years
  4. Administration: Department of Elementary Education (HRD)
  5. Scholarship: Total amount INR 6,000 to be paid INR 1500 quarterly 
  6. Eligible Institutions: Government, Local Body, or Govt. Aided School 
  7. Payment Authority: Program Division PAO (HRD)
  8. Condition for Continuance: Candidate must score a minimum of 55% in class 9 and 60% in the class 10.  
  9. Other Conditions: Candidates must not be employed in any part-time or full-time job and must not be availing any other scholarship. 

National Scheme of Incentive to Girl Child  

  1. Educational Qualification: Class 8 
  2. Total Scholarship: Two years
  3. Administering Authority: Department of Elementary Education (HRD), Government of India
  4. Scholarship: INR 3,000 paid only once. 
  5. Payment Authority: Program Division through PAO (HRD)
  6. Application Mode: Online application through the official portal of the national scholarship
  7. Restriction: The scholarship is paid to candidates after attaining the age of 18 years after class 10 exam. 
  8. Family Income Requirement: Not applicable

PFMS Scholarship: Scholarship of Top Class Education For SC students

  1. Covered Institutes of Education: Total 207 institutes spread all over the country including NITs, IITs, IIMs
  2. Covered Courses: Law, Management, Engineering, Medicine /Dentistry, and other Specialized Streams
  3. Administering Department: Ministry of Social Justice & Empowerment Through States /UT and Selected school’s Head of Institution
  4. Benefits: Living expenses of Rs. 2220 per month, books and stationery of Rs.3000 per annum, the latest computer with full accessories limited to Rs. 45000 as one-time assistance, full tuition fee, and other non-refundable charges (There is a ceiling limit of INR 2 lac per annum in a private institution, and INR 3.72 lac per annum in private commercial pilot training institutions. 
  5. Family Income Restriction: Family income should not be more than INR 4.5 lac per annum. 

PFMS Scholarship: Upgradation of merit for the SC students

  1. Scholarship Period: Total of four years
  2. Administration Department: Ministry of Social Justice & Empowerment Through States /UT and Head of Institution
  3. Scholarship Duration: Total of four years
  4. Benefits: Package of INR 25,000 thousand per student, INR 10,000 per year for an honorarium to Principal, Experts, and other incidental charges, and a total of INR 15,000 which includes (Pocket Money of INR 300 for 10 months, Boarding & Lodging charges INR 900 pm for 10 months, and Books and Stationery of INR 3,000). 
  5. Educational Institution requirements: The schools in different towns and districts based on the illiterate population of Scheduled Caste candidates. The school should have a hostel facility, facility for all-round development, Kendriya Vidyalaya with hostel facility, and they should have a good academic result in past few years. 
Learn, Practice & Test on India's Largest Education Platform - Embibe

Post-Matric Scholarship for OBC students

  1. Administering Body: Ministry of Social Justice & Empowerment, Government of India
  2. Family income Restriction: Total income should not be more than INR 1 lac per annum. 
  3. Scholarship type: Centrally Sponsored
  4. Academic Qualification: Class 11th to post-doctoral level courses. 
  5. Application Mode: Online through official portal of state. 

FAQs on PFMS Scholarship

Question 1: What is the age limit for the PFMS scholarship for the Universities and college students?
Answer: The age limit for the PFMS scholarship for Universities and college students is 18 to 25 years of age. 

Question 2: What is the mode to apply for the PFMS scholarship?
Answer: The eligible candidates can apply for the PFMS scholarship in online mode.

Question 3: What is the amount paid under the National Scheme of Incentive to Girl Child?
Answer:
The eligible candidates get INR 3,000 under the National Scheme of Incentive to Girl Child for Secondary Education

Question 4: Who sponsors the post-matric scholarship for OBC Students?
Answer:
The Post-Matric Scholarship for OBC Students is sponsored centrally. 

Question 5: What is the minimum family income requirement for SC /ST Students?
Answer: The family income of the candidate should not exceed more than INR 2.5 lac per annum, as per the requirement for the post-matric scholarships for SC /ST students. 

Attempt Mock Tests

Stay tuned to embibe.com for the latest news and updates on PFMS Scholarship. 

Master Exam Concepts with 3D Videos