PFMS Full Form In English
PFMS stands for Public Financial Management System. It is a digital platform developed by the Government of India to track and manage funds released under various schemes and programs. PFMS ensures transparency, efficiency, and timely delivery of funds to beneficiaries, reducing delays and leakages in the financial system. It is widely used by government departments, ministries, and financial institutions for real-time monitoring of fund flow and expenditure.
PFMS Full Form In English
PFMS का फुल फॉर्म पब्लिक फाइनेंशियल मैनेजमेंट सिस्टम है। यह भारत सरकार द्वारा विकसित एक डिजिटल प्लेटफ़ॉर्म है, जो विभिन्न योजनाओं और कार्यक्रमों के तहत जारी किए गए फंड्स को ट्रैक और मैनेज करता है। PFMS पारदर्शिता, दक्षता और लाभार्थियों को समय पर फंड पहुंचाने में मदद करता है, जिससे वित्तीय प्रणाली में देरी और फंड के गलत उपयोग को कम किया जा सके। इसे सरकारी विभागों, मंत्रालयों और वित्तीय संस्थानों द्वारा फंड फ्लो और व्यय की वास्तविक समय में निगरानी के लिए उपयोग किया जाता है।
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Frequently Asked Questions
What is PFMS used for?
PFMS is used to track and manage government funds released under various schemes and programs, ensuring timely and transparent delivery to beneficiaries.
Who can access PFMS?
Government departments, ministries, and financial institutions use PFMS for monitoring fund allocation, transfers, and expenditures.
Is PFMS beneficial for citizens?
Yes, it ensures that funds reach the intended beneficiaries on time and reduces leakages in the financial system.
Can PFMS be used for state-level schemes?
Yes, PFMS supports both central and state government programs, allowing real-time monitoring of fund flow.
How does PFMS improve transparency?
It provides a digital record of fund disbursements and expenditures, making it easier to track and audit financial transactions.
Conclusion
PFMS plays a crucial role in managing government finances efficiently. By digitizing fund transfers and tracking expenditure, it ensures transparency and accountability. The system benefits both government authorities and citizens by reducing delays and improving the delivery of financial assistance.
