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PFMS FULL FORM

The full form of PFMS is “Public Financial Management System.”

PFMS is a government-run online platform in India that facilitates the transfer of funds from the central government to various state governments, public sector undertakings, and other agencies. It is a centralized system that enables online tracking and monitoring of financial transactions between the central and state governments, as well as between the central government and other agencies.

PFMS was introduced by the Government of India in 2011 as a part of its e-governance initiatives. It aims to improve the efficiency, transparency, and accountability of financial transactions between the government and other agencies. PFMS is used for a wide range of purposes, including the disbursement of wages and pensions, the transfer of funds for various schemes and projects, and the tracking of expenditure on various programs and initiatives.

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