NSP 2023: PFMS Shows No Record Found, Payment Not Initiated For Beneficiary
The National Scholarship Portal (NSP) is a one-stop solution for students to avail various scholarships offered by the government. NSP 2023 is expected to bring in significant changes to the scholarship scheme, which would benefit students across the country. However, many students are facing issues with payment and record-keeping, leading to a delay in disbursing the scholarship amount. One of the common issues is when PFMS shows no record found, and payment is not initiated for beneficiaries. In this article, we will discuss why this issue occurs and what steps beneficiaries can take to resolve it.
NSP 2023 or National Scholarship Portal 2023 is a platform that provides various scholarship opportunities for students in India. The scholarship disbursement process is handled by the Public Financial Management System (PFMS). However, sometimes students may face the issue of “No Record Found” on PFMS while checking their scholarship payment status. This indicates that the payment for the beneficiary has not been initiated yet.
Application not verified by the institute:
The first reason why your payment may not have been initiated is that your application has not been verified by the institute. Before the scholarship disbursement process begins, the institutes are required to verify the applications of the students. If your application has not been verified yet, your payment will not be initiated. In this case, you should contact your institute and ask them to verify your application as soon as possible.
Incorrect bank details:
Another reason why your payment may not have been initiated is that you have provided incorrect bank details. It is important to provide accurate bank details to ensure that the payment is processed smoothly. If you have provided incorrect bank details, the payment will not be initiated. In this case, you should contact the NSP helpdesk and provide the correct bank details.
The third reason why your payment may not have been initiated is that there are insufficient funds in your bank account. If there are insufficient funds in your account, the payment will not be processed. In this case, you should ensure that your bank account has sufficient funds to receive the scholarship amount.
Sometimes, technical issues on the PFMS website could also cause the “No Record Found” error. In such cases, you should try again after some time or contact the NSP helpdesk for assistance.
In conclusion, if you are facing the issue of “No Record Found” on PFMS while checking your scholarship payment status on NSP 2023, there could be several reasons why the payment has not been initiated yet. By following the steps mentioned above and taking appropriate action, you can ensure that your scholarship payment is processed smoothly.