Public Financial Management System (PFMS) Flashcards
1
Q
Ministry?
A
Mo Finance
2
Q
What is the task
A
A financial management platform for all plan schemes, a database of all recipient agencies, integration with core banking solution of banks handling plan funds, integration with State Treasuries and efficient and effective tracking of fund flow to the lowest level of implementation for plan scheme of the Government.
ex-It is used for DBT for MGNREGA and other social schemes.
It also ensures transparency and efficent tracking of the funds.
3
Q
who adminsiters it and who implements it? Are they both same
A
No they are diffrent.
It is administered by Dept of Expenditure.
It is implemented by CGA
4
Q
Did UPA start it in 2009?
A
No it was launched in 2017
