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Agency DBT functionality had been enabled for CNA in PFMS as per DoE OM dated 25/07/2022. Attention:IT security guidelines for State Govt and Agency Users while using SNA account is available under What's new section.
PFMS is facilitating Payments and Exchequer Control, Direct Benefit Transfer (DBT), Monitoring fund flow mechanism, Accounting of Receipts (Tax and Non Tax), Compilation of Accounts and Preparation of Fiscal Report, and Dissemination of Information.
Public Financial Management System (PFMS) is 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 ...
Mandate for Direct Benefit Transfer (DBT): PFMS is also the channel for payment, accounting and reporting under Direct Benefit Transfer. Every Department/Ministry of Government of India, State Government and its Implementing Agencies transfers funds electronically to beneficiary (individual or institution) through PFMS.
Jul 12, 2024 · The aim of DBT (Direct Benefit Transfer) is to transfer the benefits and subsidies of various social welfare schemes directly in the bank account of the beneficiary on time by bringing efficiency, effectiveness, transparency and also to eliminate the intermediary body.
Dec 27, 2023 · The Public Financial Management System (PFMS) has been a cornerstone in the implementation of Direct Benefit Transfer (DBT), a crucial aspect of the Digital India Initiative. With over 104.02 crore beneficiaries registered under various schemes, PFMS has facilitated the efficient transfer of funds, with an emphasis on real-time tracking and accessibility.
Mar 1, 2024 · Finance Minister Nirmala Sitharaman highlights the role of PFMS in facilitating Rs 34 lakh crore Direct Benefit Transfer, emphasizing its efficiency and transparency in delivering benefits to...
