Introduction to Public Financial Management System

The Public Financial Management System (PFMS), formerly known as the Central Plan Schemes Monitoring System (CPSMS), is a web-based online software application for payments developed by the Controller General of Accounts (CGA), the Department of Expenditure, the Ministry of Finance, and the Government of India. The primary objective of PFMS is to facilitate a sound Public Financial Management System for the Government of India (GoI) 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 the GoI.

The digitalization of accounts is a key goal of PFMS, providing stakeholders with a meaningful management information system and decision support system. 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

PECS provides support for PFMS implementation and IT applications in the government sector. They resolve operational difficulties in the functionality of software applications and coordinate with district-level officers for the successful implementation of schemes. PECS has expertise in PFMS and SNA (State Nodal Agency) and provides finance-related solutions. For inquiries regarding PFMS and SNA, stakeholders can reach out to PECS.

What PFMS Can Do?

PFMS has several capabilities, including but not limited to:

  • PFMS can track the utilization and transfer of funds up to the end user spread across the country.
  • The MIS generated through PFMS can track the availability of funds, unspent balances, and live balances in the accounts of implementing agencies.
  • PFMS supports fund management and e-payment through secure integration with the Core Banking Solution (CBS) of banks.
  • PFMS is configured to facilitate all payments, whether Plan or Non-Plan based, through the creation of sanctions within the system.
  • PFMS establishes a common transaction-based online fund management and payment system.
  • PFMS can provide MIS for all expenditures, including both Plan and Non-Plan Schemes of the Government of India.

Integrated Financial Management System (IFMS)

The Integrated Financial Management System is an advanced fiscal and financial management information system utilizing information and communication technology to deliver essential financial data to the State government and, more specifically, the Finance department. This system enables comprehensive monitoring of both revenue generation and expenditures across various government departments, streamlining financial management and facilitating accurate reporting of financial activities.

With the successful implementation of the Online Treasury Computerisation (TreasuryNET), financial transactions encompassing both receipts and expenditures from diverse treasuries and sub-treasuries throughout the state can seamlessly integrate and be made accessible through this centralized portal.

  • The IFMS is designed to address and to act as a Financial Information, Administration and Management of the State Government.
  • The portal depicts the up-to date Compiled Payment & Receipt Data from all district treasuries and sub-treasuries in the state.
  • Finance Department and HoDs can get the DDO-wise expenditure details of various grants up to voucher level.
  • Finance Department and Tax Revenue Department can reconcile the receipt figure with the figure from the treasuries.
  • Users can get the detail information of daily revenue receipt of various revenue earning departments like Taxation, Excise, Minerals etc.
  • Details of the expenditure incurred by the Remittance Department like PWD, PHED, Soil Conservation, Forest etc. is available at a glance.
  • Exception Reports are provided for decision makers.

Benefits of our services

The services related to PFMS offer numerous benefits:

Enhanced Financial Efficiency

Streamline financial processes, reduce manual efforts, and optimize efficiency within the banking system.

Accurate Reporting and Analysis

Gain accurate and real-time insights into the bank's financial performance through robust reporting and analysis features.

Compliance and Security

Ensure compliance with regulatory requirements and safeguard sensitive financial information with secure PFMS models.

Improved Decision Making

Make data-driven decisions supported by comprehensive financial data and advanced analytics provided by the solutions.

Seamless Integration

Services seamlessly integrate with existing financial systems, minimizing disruption and ensuring a smooth transition.

Promoting Good Governance

PFMS payments promote good governance by ensuring effective allocation and utilization of government funds.

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PFMS Ensures Transformation through a Digital Method

The PFMS acts as a digital platform facilitating the transformation of public financial management in India through digital inclusion. It offers an end-to-end solution covering all aspects of the financial management cycle, including budget preparation, budget execution, accounting, and reporting.

A key feature of PFMS is its ability to digitally track the flow of funds from the central government to implementing agencies and further to beneficiaries. This ensures funds are utilized for their intended purpose, reducing the risk of fraud and mismanagement. Digital platforms, such as mobile banking and e-wallets, ease beneficiary access to funds, reducing the need for physical transactions. Real-time reports and progress tracking improve decision-making processes. Overall, PFMS ensures a comprehensive, transparent, and efficient system, ensuring effective use of public funds and their intended reach to beneficiaries.



  • DSC Enrolment
  • DBT Payment
  • EAT Payment


  • DSC Enrolment
  • Beneficiary Registration
  • DBT Payment
  • Vendor Registration
  • EAT Payment
  • Inter Bank Transfers
  • Opening Balance
  • Interest Income
  • Income from Investment
  • Advance Settlement
  • Reversal of Transaction
  • Agency Limit Allocations
  • Budget Allocation


  • User logs in to the PFMS portal


  • Account based and Aadhar based Payment Files
  • Validation of files
  • Sending ACK/NACK for files
  • Sending NEFT/TTUM txt files to CBS
  • Receiving Success/Failure of files from CBS
  • Sending DN/RN files
  • Generation of Account statement
  • Integration with NPCI for Aadhar based payments

MIS Reports Generated?

  • Component wise Expenditure Report
  • Component wise District wise Expenditure Report
  • Agency Account Number wise Expenditure Report
  • District wise Expenditure Report
  • Block wise Expenditure Report
  • Village wise Expenditure Report
  • Agency Limit Allocation Report

Technology Stack

  • Microsoft Dot Net Core
  • MS Sql/ Oracle
  • Agency Account Number wise Expenditure Report
  • Windows Server with IIS 10.0
  • SFTP Server

Security Features

  • Authentication and Authorization with Asp .Net Identity Core
  • Implementation of JWT
  • Implementation of XSS/CSRF/CORS
  • Data Encryption throughout the application for sensitive information
  • Data Sanitization to avoid any malicious injection like script injection or SQL injection
  • Proper Session and Cookie Management
  • Error/Exception handling using custom pages
  • Enforcement of SSL and HSTS
  • File Upload Validation
  • CAPTCHA implementation

Frequently Asked Questions

The PFMS is a financial management system for schemes implemented by the Government of India, and it can also be utilized for state schemes. PFMS operates on a transaction-based framework, offering real-time tracking and monitoring of fund utilization after disbursement from the Consolidated Fund of India.

PFMS provides various stakeholders with a real-time, reliable, and meaningful management information system, serving as an effective decision support system. This initiative is in line with the Digital India initiative of the Government of India.

The 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.
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