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Thursday, April 1, 2021



Introduction to Public Financial Management System

Public Financial Management System (PFMS) is a web-based online software application developed and implemented by the Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance, Government of India. The PFMS was launched during 2009 with the aim of tracking funds released under all schemes of the Government of India, and real-time reporting of spending at all levels of program implementation. Subsequently, the scope was expanded to cover direct payments to beneficiaries under all schemes. Gradually, it is envisaged that digitization of accounts will be achieved through PFMS and starting with the payment of salary and accounts offices, O / o CGA has brought more financial activities of the Government of India under the purview of PFMS. Further increased the price. Outputs / deliverables for various modes / functions of PFMS include (but are not limited to):

Payment and Government Control

Accounts of receipts (tax and non-tax)

Compilation of accounts and preparation of fiscal report

Integration with financial management systems of states

The primary function of PFMS today is to facilitate public financial management system for the Government of India by establishing an efficient fund flow system as well as 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 of the Government of India.

PFMS has established interfaces with treasury systems and assemblies of all 28 states with 2 union territories. It facilitates the exchange of data regarding budget, allocation and expenditure against central transfer of funds to centrally sponsored schemes of the Government of India.

As the backbone of the Government of India payment system, PFMS is integrated with the core banking system in the country, and therefore, almost every beneficiary / vendor has the unique ability to validate the account before proceeding to online payment. Currently, PFMS has interfaces with the core banking system (CBS) of over 300 banks, including all public sector banks, all regional rural banks, major private sector banks, Reserve Bank of India, India Post and cooperative banks. . Over time, integration has to become universal, that is, to establish interfaces with all banks operating in India. An interface with the National Payments Corporation of India (NPCI) has also been developed which facilitates verification for Aadhaar-linked payments.

In this background, O / O CGA intends to replace the current PFMS system in PFMS 2.0 with a dedicated focus on improving process and user experience, adding more functionality to core functional areas and across platforms to cater to all Drive end to end the digital experience. Stakeholders need better performance for tomorrow's peak and non-peak loads. The following major technical areas are envisaged to address:

પાસવર્ડ રીસેટ કઈ રીતે કરવો અહીંથી વિડીયો જોવો 

Hyper-stability and scalability and hybrid cloud

Database sharing database

A comprehensive datawarehouse and data cleansing

AI, ML, Deep Learning and Predictability Framework

Fraud Analytics

High latency, low bandwidth area operation with offline filing tools and app virtualization

Mobility platform, bot and blockchain

Single Sign On (SSO) between applications

An open API framework for integration

Comprehensive PKI infrastructure and digital signature solution. Hardware Security Module (HSM) integration for the management of cryptographic keys and data privacy and security

Comprehensive content management framework to enable paperless offices (to store PDF, XML, JPG type content) with the ability to store content in "digitized content".

Drills out extensive DR and BCP strategy and parts of the process

Comprehensive data classification and privacy framework

Comprehensive Cyber ​​Security Framework

Comprehensive test framework (unit, black box, white box, load and display)

PFMS 2.0 is considered an effective, attractive, productive and efficient platform developed through technology

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