To harness the complete capabilities of
PFMS throughout the country, Government of India through Controller General of Accounts
(CGA) is inviting tenders for placement of 120 IT Manpower for development and implementation
of various modules of web enabled software and application portal of PFMs.
The Controller General of Accounts,
Ministry of Finance was given the mandate to move the funds payment to the
respective implementing agencies and beneficiaries from paper-based to digital
based.
The outcome of the mandate was CPSMS, which
at a later date transformed to PFMS.
PFMS is a web-based online transaction
system for fund management and e-payment to implementing agencies and
beneficiaries.
The primary objective of PFMS is to
establish an efficient fund flow system and expenditure network.
PFMS also provides various stakeholders
with a reliable and meaningful management information system and an effective
decision support system.
The following numbers show the success of
PFMS across the country.
Total number of schemes: CS – 679; CASP – 104
Total Implementing Agencies: 17.88 lakhs
Interface with Banks: PSBs (26), RRBs (50),
PrSBs(10),Coop (2) RBI, India Post
FY 2015-16 3.02 lakh sanctions: Rs4.09 lakh crore
Payments processed per day 2015-16: >7 lakh
2016-17: >15 lakh
Average log-in on website – 20,000 per day
Payments are made though following routes:
§ ABPS & NACH of NPCI for DBT payments
§ NEFT for PAO payments
§ RBI route for IGAA/IAAA
PFMS primarily supports Central Government Schemes;
however it extends its expertise to State Governments too.
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