PFMS has gradually improved administration and management programme, reduction of float in the system, direct payment to beneficiaries and greater transparency and accountability in the use of public funds.
PFMS 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). PFMS was initially started during 2009 as a Central Sector Scheme of Planning Commission with the objective of tracking funds released under all Plan ...
PFMS is a Government of India public financial management reforms initiative which monitors programs in the social sector and tracks funds disbursed.
The primary function of PFMS today is to facilitate sound Public Financial Management System for Government of India by establishing an efficient fund flow system as well as a payment cum accounting network. 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 ...
Central Plan Scheme Monitoring System The Central Plan Scheme Monitoring System (CPSMS) (now called Public Finance Management System or PFMS) [1] is a Government of India public financial management reforms initiative which monitors programs in the social sector and tracks funds disbursed.
2.3 Either Track Payment status by Beneficiary Code / Application Id You can either fill in the Beneficiary code or the Application id based on availability. (a) Beneficiary Code :- Beneficiary Code is the PFMS Beneficiary Id From DBT MIS Portal which is received once the PFMS account validation is completed.
Explore the Public Financial Management System (PFMS) for efficient government payment and accounting. Integrates fund management with e-payment solutions.