Central Plan Scheme Monitoring System: Difference between revisions

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{{Short description|Indian public financial management reforms}}

{{refimprove|date=October 2010}}

{{NPOV|date=May 2013}}

The '''Central Plan Scheme Monitoring System''' ('''CPSMS''') (now called '''Public Finance Management System''' or '''PFMS''')<ref>{{Cite web|title=PFMS|url=https://pfms.nic.in/static/NewLayoutCommonContent.aspx?RequestPagename=Static/Implementation.aspx|access-date=2020-09-28|website=pfms.nic.in}}</ref> is a [[Government of India]] public financial management reforms initiative which monitors programs in the social sector and tracks funds disbursed. Given the large number programs on which the money is spent, the CPSMS is an initiative by the Indian Central Government to ensure that the money is spent according to its intended purpose, and provide an accounting of same.

==History==

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=== 2009-10 ===

By the 2009-1810 financial year the CPSMS had made significant strides since its initial roll out. The dedicated web portal of CPSMS was operational and had registered more than 8.00 lakhs hits. All the Plan Schemes of Civil Ministries have been mapped and about 75,000 Sanctions were issued. All releases from the Government of India under Plan Schemes were now made through CPSMS, and all agencies receiving these releases were registered on the CPSMS Portal. More than 800,000 agencies have been registered. Ministry, Scheme, State-wise, District, NGO, Individual data of releases from GOI are available centrally on CPSMS in real time. The CPSMS data is fully reconciled with the accounting data of Controller General of Accounts.

Central Plan Scheme Monitoring System has successfully integrated with the [[Core Banking Solution]] (CBS) of 150 banks all over India. It includes the public sector banks and major private sector banks.

CPSMS won the Microsoft Developer Innovation & Excellence Award in 2009.<ref>[http://www.windowsfs.com/special-features/windows-in-financial-services-developer-awards-3 Windows in Financial Services Developer Awards 2009] {{webarchive |url=https://web.archive.org/web/20101006063909/http://www.windowsfs.com/special-features/windows-in-financial-services-developer-awards-3 |date=October 6, 2010 }}</ref><ref>[http://www.windowsfs.com/uncategorized/state-bank-of-india-wins-developer-award-for-central-plan-scheme-monitoring-system State Bank of India Wins Developer Award for Central Plan Scheme Monitoring System] {{webarchive |url=https://web.archive.org/web/20100819125403/http://www.windowsfs.com/uncategorized/state-bank-of-india-wins-developer-award-for-central-plan-scheme-monitoring-system |date=August 19, 2010 }}</ref>

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The system uses a web-enabled application<ref>[http://cpsms.nic.in CPSMS web portal]{{dead link|date=November 2016 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> developed in the office of Controller General of Accounts,<ref>[http://www.cga.nic.in Website of Controller General of Accounts]</ref> the apex accounting authority of the Government of India under [[Ministry of Finance (India)]]. In the first step, every agency receiving funds is registered on the system, including registration of all the bank accounts of the agency; this information is shared with the respective banks’ [[Core Banking System]] (CBS) for authentication.

After registration, CPSMS will enable one to [./Https://www.techriki.tech/how-to-agency-registration-on-pfms-online/ one validation or payment] authorization of each release of funds, whether expenditure, advance, or transfer. The corresponding instrument number and amount for any release would need to be entered in the system at the time of approval, before the actual transaction. Through the CPSMS-CBS interface, this information would be shared with the banks' CBS and an instrument of payment will be honored by banks only when the corresponding entry is received through the CPSMS.

== References ==