Swami Vivekananda Scholarship: Payment Disbursement Failure Rectify Bank Details by 30th June

The Swami Vivekananda Merit-cum-Means Scholarship is a vital financial assistance scheme offered by the Government of West Bengal to support meritorious students from economically weak backgrounds. Each year, thousands of students rely on this scholarship to continue their education. However, a considerable number of applicants have faced payment failures due to incorrect or inactive bank account details.

In a recent update from the official SVMCM Portal, the Directorate has confirmed to clear such disbursement failures. Beneficiaries are now requested to take immediate action to rectify the issues.

Swami Vivekananda Scholarship New Update:
Common Reasons for Disbursement Failure

The candidates who have experienced disbursement failure due to various reasons viz. inactive account/minor account/wrong account/temporary closed account/wrong IFS code etc, should first contact the concerned bank to update/rectify the account and then contact DI Office(Only for XI/XII applicants) or visit Directorate office, as early as possible. The last date of Rectification is 30th June.

Several candidates have not received their sanctioned scholarship amounts due to banking errors. The primary reasons include:

• Inactive bank account
• Minor account
• Wrong account number
• Temporarily closed bank account
• Incorrect IFSC code.

Check Now: SVMCM Status Check (Fresh/Renewal) Forward & Approved Swami Vivekananda Scholarship

What Should Affected Applicants Do?

According to the Directorate of Public Instruction, West Bengal, new funds will be allocated to disburse the pending payments of eligible students whose transactions had previously failed.

If your scholarship payment was unsuccessful due to any of the above reasons, follow these steps immediately:

1. Contact your bank to update KYC, Aadhar Seed Link, activate, or rectify your account details.
2. For Class XI and XII applicants, visit the respective DI Office with your corrected bank information.
3. All corrections must be completed before 30th June.

Failure to meet this deadline may result in the cancellation of your current scholarship benefits.

When Will New Applications Start?

Currently, the 2024–25 session applications are still ongoing. The application process for the 2025–26 academic year has not yet started. Based on past trends, it is expected to begin in early October 2025. Students are advised to stay updated through the official SVMCM portal.

Update: SVMCM Scholarship Approved, Sanctioned and Disbursed for College/University Students including Renewal

Frequently Asked Questions (FAQs)

1. Do I need to re-apply if my payment failed?

No. You only need to correct your bank details and report to the DI Office if you are a Class XI or XII applicant.

2. Will I still receive the scholarship amount if my account was inactive earlier?

Yes, provided you rectify the issue and report it before the 30th June deadline.

This is a crucial update for students awaiting their Swami Vivekananda Scholarship disbursement. Students are strongly advised to take swift action and ensure their bank details are accurate and active.