Page 99 - 75 Digital Solutions from NIC

https://pfms.nic.in

Public Financial

Management System

(PFMS)

Directly Transferring Salient Features
Benefits to the Citizen
by Bringing Efficiency,

Effectiveness, Effective Decision Support
System
Transparency and
Accountability Fund Management &

e-Payment
PFMS has evolved as the impetus to implementation of
cornerstone of Central Direct Benefit Transfer (DBT)
Government Financial System. Schemes. Tracking of Funds
It has transformed program
implementation, money transfer • Master Data & Codes Agency Registration
and tracking of funds. Management

Expense Management &
It caters to most functions of • Bugdet, Allocation & LOC Fund Utilization
an Online Integrated Financial Mangement
Management System viz. Budget
Management, Payment and • Fund Management Expenditure Advance
Receipt Functions, Government Transfer Module
Banking Arrangement (agency • User Management
banks and RBI), Accounting and Non Tax Receipt Portal
Reconciliation of transactions. • Implementing Agencies &
By enabling transfer of payments Beneficiary Repository Reduction in Float
directly to bank accounts of
beneficiaries, it has provided • Expenditure Advance Transfer

2.86 Million 830 Million 534 11308+ 4.24 Million

Implementing Agencies Beneficiaries Registered Banks Integrated Schemes Average Payments per day

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