Home PFMS (Public Financial Management System): Application form and Eligibility for PFMS
Government Schemes State Government Schemes

PFMS (Public Financial Management System): Application form and Eligibility for PFMS

PFMS Payment Meaning/Full Form

PFMS stands for Public Financial Management System, which is the platform designed by the government in association with NPCI to distribute various government schemes that benefit directly to the beneficiary. By this platform, the government ensures that the benefit is directly received by the actual beneficiary. This platform was designed to bring in efficiency, effectiveness, accountability, and transparency in the government system.

PFMS (Public Financial Management System): Application form and Eligibility for PFMS

PFMS Payment and DBT work hand in hand to achieve faster transactions which reduce delays in payments and accurate targetting of the beneficiary. This also eliminates the requirement of the middle man in the system as the benefit will directly be transferred to the beneficiary’s account.

All the transactions done through the PFMS generated payment platform will be auto reconciled and authenticated by the government.

PFMS uses NACH (National Automated Clearing House) platform which is designed by NPCI and is being used by all the banks to transfer funds from one account to another account.

PFMS Website Portal –

PFMS website portal is – https://www.pfms.nic.in/. Here you can know your payments and track NSP Payments as well. After login on to this portal.

PFMS bank list –

List of the Banks in PFMS Scholarships –

Catholic Syrian bank ltd.
The central bank of India
Allahabad Bank
Allahabad Gramin UP Bank
Andhra bank
Bombay mercantile co-op.bank ltd.
City union bank ltd
Corporation bank
Dcb bank limited
Dena bank
Dhanlaxmi bank ltd
Andhra Pragathi Grameena bank
Axis bank
Bank of Baroda
Bank of India
NKGSB co-op bank ltd
Oriental bank of commerce
Punjab and Sind bank
Punjab National bank
RBL bank
Indusind bank limited
Indian overseas bank
Indian bank
IDBI bank
State bank of India
Svc co-operative bank ltd.
Syndicate bank
Yes bank ltd
Vijaya bank
United bank of India
Union Bank of India
UCO bank
The Thane Janata Sahakari bank ltd
The Saraswat co-operative bank ltd
South Indian bank
Standard chartered bank
Bank of Maharashtra
Bassein catholic co-op.bank ltd.
Canara bank
Bank of India
NKGSB co-op bank ltd
Oriental bank of commerce
Punjab and Sind bank
Punjab National bank
HDFC bank
ICICI bank
New India co-operative bank ltd
Manipur state co-op.bank ltd.
Madhya Bihar Gramin bank
Kotak Mahindra bank
Karur Vysya bank
Karnataka bank
Jharkhand Gramin bank
Lakshmi Vilas bank ltd
The Kalupur commercial co. op. bank ltd.
The Jammu and Kashmir bank ltd
Federal bank ltd
The cosmos co-operative bank ltd.
Tamilnad mercantile bank ltd

READ  Pradhan Mantri Suraksha Bima Yojana (Apply online): Features, Eligibility, Benefits, Bank list, & Online registration

PFMS Generated Payment

As I mentioned above, the Government uses this platform for distributing various scheme benefits to direct beneficiaries. The PFMS Payment module was launched in India in 3 phases. These phases are as below.

StagesStates/UT with the legislatureLaunch Date
Stage 1Assam, Bihar, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Odisha, Puducherry, Rajasthan, and Uttar Pradesh31-08-2016
Stage 2Andhra Pradesh, Arunachal Pradesh, Chattisgarh, Goa, Gujarat, Himachal, Haryana, Manipur, Meghalaya, Punjab, Sikkim, Tamil Nadu, Telangana, Uttarakhand, West Bengal31-12-2016
Stage 3Delhi, Jammu & Kashmir, Karnataka, Mizoram, Nagaland, Tripura31-03-2017

If you want to know the PFMS payment status click on the below link and provide your bank name and account number details of your bank account.

Check your Payment Status

PFMS (Public Financial Management System): Application form and Eligibility for PFMS

Eligibility for PFMS Scholarship

PFMS scholarship is the government scheme wherein the government is giving a scholarship of a total of 82000 eligible candidates. The benefits will be equally divided between boys and girls as 41000 each for boys and girls.

The scholarship amount will directly be deposited into the candidate’s bank account. I will take you through the eligibility criteria and the process of applying for the scholarship by yourself.

For the PFMS scholarship, you must apply online through the portal. There is no offline form that will be accepted at any of the offices.

The eligibility criteria for PFMS scholarship for 2019 is as below.

  • The student must have passed the 12th class.
  • The student should be in the top 20% of the candidates.
  • The age of the student should be between 18 and 25 years.
READ  National Pension Scheme (NPS) 2020: Scheme Overview, Benefit & Know How to open an NPS account

For the year 2019, there are total 82000 scholarship will be given 41000 each for boys and girls. The scholarship will be given for:

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

Also, learn AboutMeeseva Online Services, Login & Registration

Documents requirement for PFMS Scholarship

  • Passport size photo of the student in jpeg, jpg format
  • Scanned signature of the student in jpeg format not more than 1 MB in size
  • Marksheet copy in PDF format
  • Fee receipt in PDF format

PFMS Scholarship Application Process

  • Login to the PFMS portal
  • For first time users, they need to register themselves by providing simple details.
  • Find the suitable link for PFMS scholarship application form
  • Check the eligibility criteria first, if you find yourself eligible then
  • fill in all the details in the form
  • Upload necessary documents as mentioned above
  • Click on the submit button once you have filled in all the details
  • It is suggested to take a print out of your application form for the future reference.