Government made mandatory the use of Pfms for all Central Sector Schemes(CSS).
These accounts opened in 32 designated banks will be integrated with central
government's Public Financial Management System(Pfms).
Pfms is also used for DBT payments under MGNREGA
and other notified schemes of the Government of India.
Pfms has also used for Direct Benefit Transfer(DBT)
payments under MGNREGA and other notified schemes of the Government of India.
Pfms is also used for Direct Benefit Transfer(DBT)
payments under MGNREGA and other notified schemes of the Government of India.
Uttar Pradesh and Goa have reported using Pfms up to city level and found it to be very useful.
Mandatory use of Public Finance Management System(Pfms) will help monitor the flow
of funds to beneficiaries of different government welfare schemes.
All implementing agencies are to be
brought under Public Finance Management System(Pfms)
and its effective use to monitor fund utilization has been made.
When FTOs are pending, it implies that the Pfms has not responded to them,
indicating that the government has not yet approved them.
There will be one or more central record keeping agency(CRA),
several pension fund managers(Pfms) to choose from which will offer different categories of schemes.
In case the worker's account is in a bank,
the FTO first goes to the Public Financial Management System(Pfms), an online application of the central government
through which several social security payments are now routed.
Since transfers are made through bank accounts, the FTO is first
sent to the public financial management system(Pfms), a central government online application
through which many social security payments are routed, and then to the nodal MGNREGA bank from which payments are credited.