PFMS

PFMS

Blog Article

The Public Financial Management System (PFMS) is a government initiative aimed at enhancing financial transparency and accountability. It streamlines fund flow management, ensuring efficient utilization of resources in government schemes. PFMS integrates seamlessly with banking systems to enable real-time tracking of fund disbursement and utilization. Key features like Direct Benefit Transfers (DBT) empower beneficiaries with direct payments, minimizing delays and reducing leakage. This robust platform supports various stakeholders, including ministries, departments, and implementing agencies, to optimize public fund management. PFMS is a pivotal tool for fostering trust, efficiency, and transparency in India’s financial governance.