What are the Services Provided in PFMS Login Portal https://pfms.nic.in/home.aspx?
In the age of digitalization, world governments are embracing modern technology to streamline service delivery. India, too, has not been left behind. The Indian government leads the way in championing technology usage to bolster services.
There seems to be no slowing down with this expedition, with most state governments in the country following suit. The PFMS web portal is a statement of the country’s commitment to modernizing financial management.
In a nutshell, the Public Financial Management System (PFMS) is a web-based financial management application that’s already gaining traction in the country. The PFMS portal was developed and implemented by the Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance, Government of India.
It is easy to wonder what makes the PFMS portal stand out, especially if you’ve yet to use it. Well, it is a centralized transaction system and platform that offers end-to-end financial management services to all stakeholders in the country.
Among the networks of stakeholders leveraging the PFMS login portal include DDOs, Program Implementing Agencies, External Systems, DBT Schemes, CDDOs, and State Treasuries, to name a few.
The good thing about the PFMS portal is that it helps create a common electronic platform allowing for comprehensive fund tracking from the Central Government to different program implementation bodies in the country. That explains why it will always remain a force to be reckoned with in matters of financial management.
Services list of PFMS Login at pfms.nic.in/home.aspx
Either way, it always pays off to have an insight into the services you can avail of on the PFMS portal. After all, you want to use it to your advantage without strain. Here are some of the services made available through the PFMS portal in India:
- Employee Management: Employee information system, pension module, GPF module, NPS, and generation.
- e-Payments: e-Bill Module, CNA, SNA, DBT, TSA, and EAT.
- Monitoring and Evaluation Systems: Expenditure and Budget dashboards for senior management.
- MIS Reports: SNA and DBT dashboards.
- Budgeting and Accounting: Budget module, UBIS integration completed, and monthly accounts compilation.
The essence of doing this is to facilitate the exchange of data on budget, allocation, and expenditure against the central transfer of funds for Centrally Sponsored Schemes of the Government of India.
We hope this guide can help ensure you avail the services of the PFMS portal in India without strain.