UGC to disburse fellowship, scholarship amounts through DBT: Panel chairperson
Fellowship, scholarship amounts will be disbursed through a bank portal integrated with public financial management system for DBT payments
Press Trust of India | November 7, 2022 | 09:36 PM IST
NEW DELHI: The University Grants Commission is disbursing fellowship and scholarship amounts through a bank portal integrated with the public financial management system for direct benefit transfer payments, the panel's chairperson Jagadesh Kumar said on Monday.
The Scholarship and Fellowship Management Portal (SFMP) for disbursement of amounts has been developed by Canara Bank, he said. "Recently, the UGC (University Grants Commission) has introduced new enhancements in the portal such as linking initiation by the scholar, monthly payment confirmation initiation by scholar, tracking module, grievance module and onboarding of academic user," Kumar said.
Also Read | UGC revises guidelines for deemed universities; key features
"Payments to awardees are generated automatically on the portal for all awardees linked by university, institution, college based on monthly confirmation of candidates by the university, institution or college concerned on the designated web portal- scholarship.canarabank.in," he said. The UGC chief said the commission has decided to hold a training session or workshop for nodal officers working on the portal through the virtual mode from November 14 to 18.
"All the institutions are requested to depute the nodal officers concerned (maker/checker) working on SFMP to attend the workshop mandatorily. The link of the virtual meet will be announced soon," Kumar said.
Follow us for the latest education news on colleges and universities, admission, courses, exams, research, education policies, study abroad and more..
To get in touch, write to us at news@careers360.com.
Next Story
]Featured News
]- Lok Sabha Election 2024: Over 50 students, teachers arrested over past 5 years
- Diversity and inclusion ‘all on paper’, writes a transgender activist on experience at work
- ‘This is terrible’: West Bengal teachers who fought recruitment scam dismayed by cancellation
- More women joining engineering with scholarships, affirmative action in admission, placements
- BTech in Marathi: How PCCOE Pune is showing the way
- ‘We hope to admit students from outside Kerala’: CET Trivandrum principal
- IIIT Bangalore plans to launch BTech programmes, says director
- COMEDK UGET ‘model exam’ for engineering colleges: Executive Secretary
- Top IT companies have cut thousands of jobs in past months, reports on headcounts show
- Project to attract foreign students to IITs still a work-in-progress