Public Financial Management System
All You Need to Know About PPB Public Financial Management System
Public Financial Management System - FEATURES
PFMS ensures transparency, accountability, and effective fund management for government schemes. It facilitates direct transfer of benefits to beneficiaries, ensuring timely disbursement and efficient utilization of public funds.
Key Features
- Integration with DBT : Seamless transfer of subsidies and benefits directly to beneficiaries' bank accounts.
- Real-Time Fund Monitoring : Tracks fund flow and expenditures, ensuring transparency in government schemes.
- User-Friendly Interface : Improved design for easy navigation by government officials and stakeholders.
- Mobile App : Access and manage financial data on the go.
- Training Programs : Regular training for government officials on using the platform.
- Expanded Coverage : More schemes and sectors integrated for better financial management.
Benefits
- Timely Fund Transfers :Direct transfers ensure quick delivery of benefits to eligible beneficiaries.
- Increased Transparency :Real-time monitoring reduces corruption and ensures accountability.
- Efficient Fund Utilization :Proper tracking prevents misuse of funds.
ELIGIBILITY CRITERIA
- Beneficiaries of Government Schemes : Individuals receiving benefits like subsidies, pensions, and scholarships.
- Government Agencies : More schemes and sectors integrated for better financial management.
REQUIRED DOCUMENTS
- Aadhaar Card or ID Proof : For identity verification.
- Bank Account Details : For fund transfers.
- Additional Documents (if applicable) : For specific schemes, such as income or caste certificates.
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