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The Public Financial Management System (PFMS) has evolved as a robust web-based online system designed, developed, owned and implemented by the O/o CGA. The system provides modules for end-to-end digital payments, collection of receipts, accounting, reconciliation, and Financial reporting. PFMS has gradually improved administration and management programme, reduction of float in the system, direct payment to beneficiaries and greater transparency and accountability in the use of public funds. 5 days ago · 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. Public Financial Management System (PFMS) is a platform for e-payment of subsidy under Direct Benefit Transfer (DBT) to both Aadhar based & Non- Aadhar based bank accounts through NPCI. Nov 20, 2025 · PFMS, which stands for Public Financial Management System, is a web-based application developed to manage and monitor government-funded schemes and track the flow of funds in real time. Feb 29, 2024 · PFMS has gradually improved administration and management programme, reduction of float in the system, direct payment to beneficiaries and greater transparency and accountability in the use of public funds. 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.