PFMS, Registration, Eligibility, Login, Merit List

PFMS Full-Form Public Financial Management System initially started as an idea scheme named CPSMS of the design Commission in 2008-09 as a pilot in four States of Madhya Pradesh, Bihar, Punjab and Mizoram for four Flagship schemes e.g. MGNREGS, NRHM, SSA and PMGSY. After the initial phase of building a network across Ministries / Departments, it’s been decided to undertake National rollout of CPSMS to link the financial networks of Central, State Governments and therefore the agencies of State Governments. The scheme was included within the 12th Plan initiative of designing Commission and Ministry of Finance.

In December 2013 the Union Cabinet approved the national roll-out for all States and schemes for a period of 4 years till 2017 as follows:

Modules to implement the Mandate:

Modules developed /under development for stakeholders as per the Union Cabinet above mandate are as under:

I. Fund Flow Monitoring

Agency registration
Expenditure management and fund utilisation through PFMS EAT module
Accounting Module for registered agencies
Treasury Interface
PFMS-PRI fund flow and utilization interface
The mechanism for State Governments towards fund tracking for State schemes
Monitoring of Externally Aided Projects (EAP)

II. Direct Benefit Transfer DBT modules:

(a) PAO to beneficiaries (b) Agency to beneficiaries (c) State treasuries to beneficiaries

III. Interfaces for Banking:

(a) CBS (b) India Post (c) RBI (d) NABARD & Cooperative Banks

Direct Benefit Transfer (DBT):

The DBT scheme announced by the govt of India for implementation w.e.f 01.01.2013. It decided that payments (Aadhaar enabled or via NEFT) to ultimate beneficiaries are going to process through (CPSMS). The erstwhile committee issued detailed guidelines on 12.4.2013 (OM No 4) regarding use of CPSMS by Ministries /Department/Implementing Agencies for DBT.

Further, the utilization of PFMS has been made mandatory for payment, accounting and reporting under Direct Benefit Transfer, with effect from 1st April 2015. No payments under the Direct Benefit Transfer schemes (except PAHAL) too processed unless the electronic payment files for such payments received through the system developed by the CGA from 1st April 2015.

As a result, every Department/Ministry will transfer funds electronically to every beneficiary (individual or institution) through PFMS. Further, implementing agencies will transfer the cash components to beneficiaries through PFMS. within the case where funds transferred to State Government/Treasury, each Ministry will coordinate and make sure that the cash component of every scheme transferred through PFMS. In both the above cases, all Departments/ministries will use the PFMS system of CGA for processing payments which already linked with NEFT and APB of NPCI for settlement of funds and may process both sorts of payments on one platform.

Non Tax Receipt Portal (NTRP):

The objective of the Non-Tax Receipts Portal (NTRP) is to supply a one-stop window to citizens/corporates/ other users for creating online deposits of Non-Tax receipts thanks to Government of India (GoI).
NTRP uses the modality of Payment Gateway Aggregator (PGA). A depositor can, therefore, make a web deposit using MasterCard, open-end credit or through Net Banking of any of the banks integrated with the PGA. At present, SBI ePay is the PGA for NTRP.
NTRP is integrated with the accredited banks of various Ministries. Therefore any deposit made through it might even be captured within the accounts of the respective Pay and Accounts Office (PAO).
This portal shall serve all those GoI departments/ministries who don’t have an existing solution for online collection of their receipts.
The NTRP Portal has been formally launched by Hon. minister of finance on 15 Feb’ 2016. thus far the NTRP portal is getting used by 5 Ministries. In FY 2015-16 Rs. 3,176 crore non-tax revenue was collected through NTRP involving 1690 transactions.

How am I able to check my PFMS balance?

Available balance within the system against the checking account selected is going to be displayed by the system. At the beginning of the Expenditure Filing by PIA, the available balance is going to be Zero.
Enter the Opening Balance Amount.
Select Opening Balance Date (This should be the date of the start of EAT Module on PFMS).

What is meant by PFMS during a bank account?

Public Financial Management System (PFMS) may be a platform for e-payment of subsidy under Direct Benefit Transfer (DBT) to both Aadhar based & Non- Aadhar based bank accounts through NPCI.

How am I able to link my PFMS to my bank account?

Attend Agencies>Manage Other Agencies. Click on the Agency Name hyperlink for adding a replacement checking account for an existing scheme.
Click on Add button in additional Account Column against the scheme that the account is to add. Enter/Select Bank name within the Bank Name box.

What is PFM scholarship?

PFMS Scholarship 2020: the general public Financial Management System (PFMS) may be a Government of India project that appears after social sector programs. In four countries, namely Madhya Pradesh, Bihar, Mizoram, and Punjab, this scheme was first introduced.

How am I able to check my PFMS refund from IGST?

To update checking account details, just in case of failed checking account validation, log within the GST Portal. Navigate to Services > Refunds > Track Application Status > Enter ARN > UPDATE checking account button in Bank Validation Status column.

How to check UP Scholarship Status 2020?

Visit the official portal of scholarship.up.nic.in.
Hit the “Status” tab on the website’s homepage.
Enter the license number and date of birth correctly.
Click on the search button and application status are going to display on the screen.

What do mean by PFMS?

Public Financial Management System

PFMS means the general public Financial Management System (formerly Central Plan Scheme Monitoring System) which employed by government agencies to form payments directly into the recipient’s checking account.

How do I check my DBT payment?

The Bank will send SMS alerts once you get DBT within the account otherwise you transact on your account. Alternatively, you’ll also check your account balance using ATM, micro atm/ Bank Mitra, internet banking or calling the bank for details of your transactions.

What is PFMS DBT payment?

Public Financial Management System (PFMS) may be a platform for e-payment of subsidy under Direct Benefit Transfer (DBT) to both Aadhar based & Non- Aadhar based bank accounts through NPCI. PNB has implemented DBT payments through PFMS for the beneficiaries covered under the scheme.

Who are eligible for PFMS?

Eligibility Criteria for PFMS Registration 2020:

The student must have qualified Class 12th and therefore the student should be in top 20% candidates to use for PFMS Merit Scholarship. The age of the scholar should be between 18 and 25. The annual income of the oldsters shouldn’t be quite Rs 6 Lakh once a year.

What is PFMS disbursement?

PFMS – The short sort of the general public Finance Management System understood as PFMS. It centralized portal for fund disbursement for central scholarship and other welfare schemes. The PFMS does also disburse funds for the schemes where the contribution from central government is involved.

What are PFMS and its purpose?

Public Financial Management System (PFMS) established as a web-based online transaction system for fund management and e-payment to implementing agencies and beneficiaries. The first objective is to link with the financial networks of Central and therefore the State Governments and the agencies of State Governments.

What is PFMS DBT pm Kisan?

The Direct Benefit Transfer (DBT) under the Scheme PM-KISAN done through the System of Public Finance Management System (PFMS), a web-based payment and MIS IT application of the govt of India administered by the Controller General of Accounts (CGA), Ministry of Finance, Government of India.

How To Submit Online PFMS Scholarship form 2020?

Visit the web site to use for PFMS Scholarship @ pfms.nic.in.
Click on ‘PFMS scholarship 2020 Student Registration’
Select the category of the “Scholarship fro Universities/ College Students.”
Select the year of getting into 12th class.

What is PFMS credit in SBI?

How am I able to check my PFMS payslip?

Firstly, look for the PFMS official portal using pfms.nic.in within the URL bar.
One page loaded, click Login at the proper side of the page.
Select the fiscal year.
Enter your Login ID here which his PAN number.
Enter the Password which you had changed then click on the Login button.
Select Pay Related option then View Pay Slip.

Useful Links:

NSP, Mobile Number Tracker, A2Z Full Form List, Mobile Locator, Free Career Guide.