Use of Checker Maker to do grant expenses only through PFMS
Check SMC And Education Grant @ pfms.nic.in.education news, latest news related to education, educator, education news in English get on this website. you can use you're mobile (smartphone) for educational phone use. download acrobat reader in your Android Smartphone and open All pdf Files on your mobile.These educational sites using for teachers, students, schooling, competitive exam preparation, teacher websites, philosophy of education.
SMC Grant Kharch PFMS Marafat Karva Babat Paripatra -Check SMC And Education Grant @ pfms.nic.in
This website is complete For Edu news, news related to education, educational news, higher ed jobs, education new, career education, the educators, learn education, education, educational websites, student education.what is an educator and what is an education all answer you can get on this site. 

Introduction to Public Financial Management System
The Public Financial Management System (PFMS) is a web-based online software application developed and implemented by the Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance, Government of India. PFMS started during 2009 with the objective of tracking funds released under all Plan schemes of Government of India, and real time reporting of expenditure at all levels of Programme implementation. Subsequently, the scope was enlarged to cover direct payment to beneficiaries under all Schemes. Gradually, it has been envisaged that digitization of accounts shall be achieved through PFMS and beginning with Pay & Accounts Offices payments, the O/o CGA did further value addition by bringing in more financial activities of the Government of India in the ambit of PFMS. The outputs / deliverables for the various modes / functions of PFMS include (but are not limited to):
  • Payment & Exchequer Control
  • Accounting of Receipts (Tax & Non-Tax)
  • Compilation of Accounts and Preparation of Fiscal Reports
  • Integration with Financial Management Systems of States
The primary function of PFMS today is to facilitate sound Public Financial Management System for Government of India by establishing an efficient fund flow system as well as a payment cum accounting network. PFMS provides various stakeholders with a real time, reliable and meaningful management information system and an effective decision support system, as part of the Digital India initiative of Government of India.

PFMS has established interface with the treasury systems of all the 28 States and the 2 Union Territories with Legislatures. This facilitates exchange of data regarding budget, allocation and expenditure against the central transfer of funds for Centrally Sponsored Schemes of the Government of India.

As the backbone of the payment system of the Government of India, PFMS is integrated with the Core Banking system in the Country, and hence, has the unique capability to first validate the account before pushing online payments to almost every beneficiary/vendor. At present, PFMS has interface with the Core Banking System (CBS) of over 300 Banks, including all Public Sector Banks, all Regional Rural Banks, major private sector banks, Reserve Bank of India, India post and Cooperative Banks. With time, the integration has to become universal, i.e. interface is to be established with all the Banks operating in India. Interface with the National Payments Corporation of India (NPCI) has also been developed that facilitates validation for Aadhaar-linked payments.

PFMS is also the channel for payment, accounting and reporting under Direct Benefit Transfer. As such, every Department/Ministry of Government of India transfers funds electronically to beneficiary (individual or institution) through PFMS. Further, State Governments and the Implementing Agencies transfer the cash components to beneficiaries through PFMS. To facilitate the above, PFMS has interface with over fifty Beneficiary management applications/systems of different Ministries and Departments, such as PM-KISAN, NSAP, MNREGASoft, MCTS, AwasSoft and Kanyashree.

IMPORTANT LINKS:
CLICK HERE TO DOWNLOAD

Check SMC And Education Grant @ pfms.nic.in

PFMS was developed using an architecture which was envisaged in 2009, and as more functionalities have been added over the last few years, along with the ever increasing depth and width of its operations, PFMS faces challenges of scalability and performance.