No, you will not get any scholarship amount if you fail in your college that is if you get a year down.
Cases in which you will receive a scholarship if you get some issues with your subjects.
Case 1: Will I get scholarship if I am allowed to sit in next semester having backlogs in my previous semesters?
Yes, definitely you will get a scholarship if you have backlogs i.e (A.T.K.T) but you should not have a year down.
Case 2: I failed and have to repeat my 2nd year, will I get scholarship?
No, you will not get the scholarship and your PMSSS scholarship may get canceled in this case ,
Hope this helped .