PFMS

PFMS

Blog Article

The Public Financial Management System (PFMS) is a revolutionary tool for financial transparency in India. Managed by the Ministry of Finance, PFMS tracks fund disbursement and utilization in real time. It ensures accountability and efficient fund flow across government schemes, making governance more effective. With features like Direct Benefit Transfers (DBT) and seamless integration with banking systems, PFMS simplifies financial management for both institutions and beneficiaries. By streamlining processes and minimizing delays, PFMS plays a crucial role in fostering transparency and trust in public finances.