Public Financial Management System -...
Transcript of Public Financial Management System -...
Public Financial Management
System
Chief Controller of Accounts
Ministry of Rural Development and DoLR ,
MoPR and MoDWS
Characteristics
Manual
Multiple Channels
Undue Delay in Payments
Non-Transparent
Dependency on Manual Records
Delayed Inputs (MIS) from Implementing
Agencies impacting Quality and Speed of DSS
Conventional Method: Transfer of Funds and MIS Flow
Unique FMIS
GOI Plan Funds
State Treasury
(36)
Sub Treasuries
State/UT SPV (36)
District SPV
(677)
Block
(6500)
Panchayat Local Self
Govt (250,000)
Village
(600,000)
PFMS
CBS
Interface
E-
payment/Ex
p. filing
CASP CS
Except Delhi,
WB and
Nagaland
Just in Time Release
• PFMS to provide a robust system for ensuring Just in Time releases in respect of Central Sector (CS) and Central Assistance to State Plan (CASP) schemes.
• Complete monitoring of utilization of funds under these two categories upto the end beneficiaries including information on end use of funds.
PFMS: Span of PFMS (Users of PFMS)
IFD Program
Division
Drawing and
Disbursing
officer
Pay and Account Officer/Pr AO
Ce
ntr
al
Go
vern
me
nt
Reserve Bank
of India
State SPV
District SPV
Block SPV
Panchayat
Village
Consolidated
Fund of State
Consolidated Fund of India
Central
Govt.
Scheme
State Govt.
Scheme Sta
te G
ove
rnm
en
t
tre
asu
ry
State
Government
SP
V R
ou
te
(Im
ple
me
nti
ng
ag
en
cie
s) L
oca
l G
ove
rnm
en
t
Pv
t. S
ect
or
Co
mp
an
ies/
NG
Os/
etc
Beneficiary
PFMS: Transaction Perspective (Real time Transaction System)
PFMS Transaction
System
Program division
(Sanction) DDO- Bill
Preparation
PAO - Payments
State Government (Department
s/Treasury etc.)
Implementing Agency
(E-Payments and other
transactions)
Banks External Systems (Nrega soft/Awas soft/MCTS etc.)
MIS Users
For Analytical Approach
UIDAI
Citizen
Post Offices
PFMS is a Centralized
Transaction System &
Platform, providing end to
end Financial management
services to all stakeholders.
PFMS: Functional Perspective
(Platform for Financial Services for Schemes)
Scheme Management System
Accounts Management System
Scheme Budget Management System
Event Management system
Entitlement Management System
Payment Processing System
Direct Benefit Transfer (DBT)
Bank Reconciliation System
Beneficiary Management System
Se
rvic
es
av
ail
ab
le o
n P
FM
S P
latf
orm
External Systems
(Existing
Scheme/State
Specific Systems)
PFMS
Users
(State
Governments/De
partments/Local
Bodies/NGOs/SP
Vs etc.) U
ser
Inte
rfa
ces
Se
rvic
es
Inte
gra
tio
n P
latf
orm
Fund Management System-
Receipts/Expenditure/Advance
User and Master Management system
Business Intelligence and Decision Support System
Agency Registration & Management
PFMS: System Integration Perspective
(Network of Networks)
PFMS
CBS System of
Banks
Post Office
Systems
Treasury
Systems of
States
Beneficiary Management Systems
(MCTS/DBT App/Scholarship
Systems)
Domain
Applications- E-
Lekha/COMPACT
etc
Commercial
Accounting
Package
Established Scheme
Management System
(NREGASoft/OCEANS etc.
PFMS Integration Platform : It
provides for integrating any system
for availing services offered by PFMS
PFMS: Bank Interface Perspective (Integrated Payment Hub & other banking services)
PFMS
Core
Banking
System
and Post
Office
Account Validation/Aadhaar Seeding
Aadhaar Lookup
Cheque Book Mgmt.
Bank Acct. Transaction
Payment (APB & NEFT)
Bank Branch Information
Cheque Validation
Be
ne
fici
ari
es,
Ve
nd
ors
, Im
ple
me
nti
ng
ag
en
cie
s
etc
.
PFMS
Users
External
Systems
Transaction reconciliation
Some facts
• Yesterdays Transactions
–Count: 14,70,422
–Amount (Crores): 2,944
• FY 2017-18 Transactions
–Count: 35,87,85,387
–Amount (Crores): 8,64,885
Implementation Plan
– Registration of all IAs (First level and all levels below)
– Customisation of Scheme
– Uploading of Sanctioned budget of each scheme on PFMS
– Identify implementation hierarchy of each Scheme
– Integration of systems Interface of specific Schemes
– Deployment of Trainers (Resource Persons)
– Training of Trainers
SOP for a Scheme to on-board on PFMS
Step 1 Creation of Scheme and Account head mapping.
Step 2 Defining Hierarchy on PFMS portal based on Program Division inputs.
Step 3 Defining Components / List of Activities on PFMS portal in which PD wants
utilization.
Step 4 Registration/ Mapping of Agencies in the given hierarchy and its approval by
PD/ Funding Agency.
Step 5 Use of EAT and DBT modules by registered Agencies for all kind of payments.
Step 6 Reports of Agency registration, Bank Balances and Component wise
Expenditure on PFMS in Implementing Agencies, PD, FA, CGA and other MIS
type Users Login.