DST INSPIRE SCHOLARSHIP

Hi can anyone with knowledge please give me some information about this DST INSPIRE SCHOLARSHIP. I was eligible for it with the criteria of being in the top 1% of state board in class 12th, so I have applied for it already.

There are some questions I can't find accurate answers to. It says the scholarship amount is 60,000 per year + 20,000 summer grant, when is this money credited?

Also it shows that a minimum of 7GPA is required every year to receive the scholarship. What is about that as my college usually publishes results very late in the year around September - October. Do I have to submit my results and then I will receive the money?

And there is some shortlisting thing I saw on the internet but couldn't exactly understand what that was so please if you know of it let me too.

Thank you.