Public Financial Management System (PFMS)  is an ambitious project of Government of India being implemented by Controller General of Accounts, Ministry of Finance. PFMS has proved as a robust digital platform towards Prime Minister’s vision of DIGITAL INDIA.

On 28^th March, 2018, an amount of ₹ 71,633.45 crores has been digitally transacted/routed through PFMS Portal for98, 19,026 transactions. This is a historic record of number of digital transactions processedin a single day.

Type of Transactions	Number of Transactions	Value (crores of Rupees)
DBT payments by Implementing Agencies	35,22,912	2,493.58
Other digital payments by Implementing Agencies	2,96,265	2,472.61
MNREGA DBT payments	59,04,143	340.82
Bharatkosh e-receipts	874	962.87
DBT Payments by PAOs	37,282	31.06
Other digital payments by PAOs	57,408	13,040.05
Transfers to State Governments	142	52,292.46

PFMS provides platform for efficient management of funds through tracking of fundsand real time reporting of expenditure and receipts through Treasury and Bank Interface. The line ministries/ departments utilize this platform to monitor the utilization of funds provided to the implementing agencies and states governments.PFMS is also used for Direct Benefit Transfer (DBT) payments under MGNREGA and other notified schemes of the Government of India.

PFMS has organically grown on the basis of performance and user acceptance. Its user base today includes Union Ministries/Departments, Implementing Agencies and State Governments. The ability of the platform to respond to ever expending user requirements is reflective of its robustness and utility.

Public Financial Management System enables centralized digital fund tracking and Direct Benefit Transfer, improving real-time reporting and fund monitoring. Public Financial Management System (PFMS) is a centralized digital platform enabling tracking of funds, real-time reporting of expenditure and receipts via a Treasury and Bank Interface, and electronic routing of payments for implementing agencies, PAOs and state governments, including support for Direct Benefit Transfer programs and consolidated oversight of fund utilisation.