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Central Scholarships to Be Credited into Student’s Account Directly

Jan 16, 2015 15:24 IST

    In a pursuit to safeguard the interest of students and prohibit discrimination, UGC has launched Direct Benefit Transfer (DBT) program asking all educational bodies in the country to credit the central scholarships directly into the bank account of the student. In this regard, UGC has asked institutes to register with Public Financial Management System (PFMS).

    The PFMS is a common central portal for registering implementing agencies and beneficiaries of various scholarship schemes. Uploaded applications in this portal will be validated by the institutes online without any notable delay. Emphasizing further in this matter, UGC has also asked universities to highlight various scholarships and fund aided programs in the main website so that students can get timely information.

    In the same time, Minority Affairs Minister Najma Heptullah has issued written notice to all the Chief Ministers for implementing DBT scheme in post-matric and merit-cum-means scholarships for minorities. These scholarships have a funding share of 75:25 between the Centre and the States.

    The authority has also proposed to extend the DBT mode of payment for other types of scholarship scheme as well. The proposal includes DBT payment to beneficiaries under pre-matric scholarship for minority students.

    Important Points

    • UGC to launch Direct Benefit Transfer(DBT) Scheme for transferring money directly into the student’s account
    • Educational institutes asked to join PFMS, central portal for implementing agencies and beneficiaries of various scholarship schemes
    • DBT Scheme to be included for other scholarship as well

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