Public Financial Management System (PFMS) Overviewed by Arushi Sabharwal (JKAS)

1. PFMS : Public Financial
Management System
P R ES E N T E D BY : ARUSHI SABHARWAL(JKAS)
TEHSILDAR H.Q.A TO DEPUTY COMMISSIONER
UDHAMPUR (J&K)
Friday, October 6, 2023
PFMS: INTRODUCTION BY ARUSHI SABHARWAL(JKAS)
TEHSILDAR H.Q.A TO DEPUTY COMMISSIONER UDHAMPUR (J&K)
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2. Contents
1. What Is PFMS?
2. Objectives and Features
3. Provisions in GFR
4. Functioning
5.Benefits to State Government.
6.Various Schemes Covered
7.Statistics
8. Way Forward
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3. •The Public Financial Management System (PFMS), earlier known as Central Plan Schemes
Monitoring System (CPSMS), is a web-based online software application developed and
implemented by the Office of Controller General of Accounts (CGA), Ministry of Finance.
•PFMS was initially started during 2009 as a Central Sector Scheme of Planning Commission with
the objective of tracking funds released under all Plan schemes of the Government of India, and
real time reporting of expenditure at all levels of Programme implementation.
•Subsequently in the year 2013, the scope was enlarged to cover direct payment to beneficiaries
under both Plan and non-Plan Schemes.
• In 2017, the Government scrapped the distinction between plan and non-plan expenditure.
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4. •The primary objective of PFMS is to facilitate a sound Public Financial Management System for
the Government of India (GoI) by establishing an efficient fund flow system as well as a payment
cum accounting network.
•At present, the ambit of PFMS coverage includes Central Sector and Centrally Sponsored
Schemes as well as other expenditures including the Finance Commission Grants.
•PFMS provides various stakeholders with a real time, reliable and meaningful management
information system and an effective decision support system, as part of the Digital India
initiative of GoI.
•PFMS is integrated with the core banking system in the country.
•Initially restricted to 4 schemes MGNREGA, NRHM, SSA and PMGSY
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14. Way Forward
Synergize with AI, ML, ANN, Big data.
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15. Thankyou
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