Press Information Bureau

Government of India

Ministry of Home Affairs

15-March-2017 15:04 IST

The Ministry of Home Affairs had requested RBI Banks to integrate FCRA accounts with Public Financial Management System (PFMS). This will enable the Ministry to monitor the receipt and utilization of foreign contribution credited in such Bank accounts.

This was stated by the Minister of State for Home Affairs, Shri Kiren Rijiju in written reply to a question by Shri Husain Dalwai in the Rajya Sabha today.

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KSD/NK/PK/RS-1487

FCRA account linkage and PFMS integration enables government monitoring of foreign contribution receipts and utilization. The Ministry of Home Affairs requested banks to integrate FCRA accounts with the Public Financial Management System (PFMS) to enable monitoring of the receipt and utilization of foreign contributions credited to such bank accounts, creating a centralized mechanism for administrative oversight and tracking of foreign fund inflows and their utilization.