There are several types of state government and central government scholarship schemes on this portal. The amount of scholarship given to the recipient is transferred directly from DBT (direct benefit transfer) to his bank account. DBT (direct benefit transfer) is the system through which the financials of pension schemes, scholarship schemes and other financial social welfare schemes are transferred directly to the beneficiary’s bank account. This system has reduced the middlemen. There are mainly two types of scholarship schemes on the PFMS portal, which you can take benefit of. Which is like this: –
- Central sector schemes :- The scholarships offered under these are fully funded by the central government.
- Centrally sponsored schemes : Scholarship schemes in which the amount of scholarship is shared by the Central Government and the State Government.
Functions and advantages of PFMS New Portal
- PFMS can fill in the form of a specific focal admission to the organizations and to enrollment the candidate.
- PFMS has a working interface with 90 banks direct. This includes 26 PSBs, 59 RRBs and 5 giant private sector banks.
- PFMS approves bank / post office account subtleties with the beneficiary / bank / post office. This guarantees that the cash is transferred to a correct information, minimizing the risk of erroneous installments along these lines.
- The working agency checks the details of the name, address given by the recipient and so onwards from the correct data sent by the bank/post office.
- E- install your approved financial balance directly from PFMS Gateway to the beneficiaries.
- Registration process under PFMS scholarship 2021
- To apply for the scholarship candidates have to follow the below mention registration process.
Public Finance Management System New Portal : Highlights
| Name of the Portal | Public Finance Management System (PFMS) |
| Name of the Article | PFMS New Portal |
| Launched By | Ministry of Finance |
| Who can Use | All Indian citizens can use it |
| Official Website | https://pfms.nic.in/ |
PFMS New Portal 2023 : PFMS Payment Check New Method
With this PFMS Portal New feature, now you can check some more things such as.
- Through this option, how much government benefit received through DBT i.e. Direct Benefit Transfer has been received in the bank accounts of the beneficiaries ?
- We can check last time when we get these benefits through the government. This site will show us all the dates.
- Through this PFMS New Portal, we can easily check the personal details of the beneficiaries.
