The University Grants Commission (UGC) is disbursing the scholarship amounts through a banking portal integrated with the public financial management system for direct benefit transfer payments, panel chairman Jagadesh Kumar said on Monday.
Scholarship and Bursary Management Portal (SFMP) for disbursement of amounts has been developed by Canara Bank, he said.
“Recently, UGC (University Grants Commission) has introduced new enhancements to the portal such as initiation of link by scholar, initiation of monthly payment confirmation by scholar, module tracking, complaints module and academic user onboarding,” said Kumar.
“Payments to awardees are automatically generated on the portal for all awardees linked by university, institution or college based on monthly confirmation of candidates by the concerned university, institution or college on the designated scholarship.canarabank web portal .in,” he said.
The UGC chief said that the commission has decided to conduct a training session or workshop for the nodal officers working on the portal through virtual mode from November 14 to 18.
“All the institutions are requested to depute the concerned nodal officers (manufacturer/controller) working in SFMP to compulsorily attend the workshop. The link of the virtual meet will be announced soon,” said Kumar.