I received a message from NICSMS your application for the scholarship is verified at institute level..What Should I Do?
You have nothing to do. The message which you have received means that the information you have provided to the NICSMS while application is verified by your Institute to be true. Now you just wait and you will get the notification for the dispersion of money from the scholarship authority. And with 10 days from this notification, it is expected that you will get the money in your bank account.
I hope this answer helps. All the very best for your future endeavors!