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What is Public Financial Management System (PFMS) about?

The Public Financial Management System (PFMS) is an integrated platform launched by the Government of India in 2009 for real-time tracking, payment, accounting, and reporting of public funds. It connects four key layers: budget allocation, fund release, implementation, and beneficiary payment, ensuring transparency and accountability in fund management. PFMS comprises seven modules, including Direct Benefit Transfer (DBT) and Expenditure, Advance & Transfer (EAT), which streamline financial processes while

Author

zakir Ahmed malik

Language

EN