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{{NPOV|date=May 2013}}
The '''Central Plan Scheme Monitoring System''' ('''CPSMS''') is a
==History==▼
The Economic Survey (2007–08) emphasized the need for effective financial monitoring of the Plan Schemes. The Finance Minister in his Budget Speech (2008–09) announced<ref>[http://gscurrentaffairs.com/gk/central-plan-schemes-monitoring-system-cpsms/ Announcement of CPSMS]</ref> the establishment of a comprehensive Decision Support System and Management Information System. The 11th Plan Document also recognized the deficiencies in the existing accounting system for the Plan Schemes and its inability to support informed planning, budgeting and effective monitoring of these schemes. It also underlined the need for a consolidated financial information system for the Plan Schemes.▼
The EFC of the [[Planning Commission (India)|Planning Commission]] has approved the implementation of CPSMS in a phased manner. The Finance Minister has also accorded its approval in principle for the entire scheme. Administrative and financial approval for Part A of the Scheme, with an outlay of Rs. 24.25 crores, has also been received. <ref>[http://www.cga.nic.in/pdf/International_Confereence33.pdf Presentation at [[Planning Commission]]]</ref><ref>[http://www.cga.nic.in/pdf/Plan_Scheme_Monitoring_Project_of_GOI.pdf Development of a Management Information & Decision Support System for Plan Schemes]</ref>▼
By 2009, The system
=== 2009-10 ===
By the 2009-10 financial year the CPSMS
Central Plan Scheme Monitoring System has successfully integrated with the Core Banking Solution (CBS) of 94 banks. It includes the Public Sector Banks, major Private Sector Banks.▼
CPSMS has also won the Microsoft Developer Innovation & Excellence Award 2009 <ref>[http://www.windowsfs.com/special-features/windows-in-financial-services-developer-awards-3 Windows in Financial Services Developer Awards 2009]</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]</ref>▼
The CPSMS after successfully completing the pilots has started Pilots on E-Payments to beneficiaries under various social sector schemes leveraging its CPSMS-CBS interface. Thus it provides a platform for the schemes for making payments directly in the bank accounts of beneficiaries.▼
[[Planning Commission]], Government of India has issued, Office Memorandum, making CPSMS mandatory for Direct Benefit Transfer Scheme of Government of India. CPSMS serves as the central MIS for all DBT transactions.▼
==Why CPSMS==
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MISs based on post facto data feeding suffer from drawbacks of inefficiencies, inconsistencies, gaps and perennial reconciliations, as they are not integrated with the process flow. CPSMS attempts to address this, and the associated issues of transparency and accountability related to the SPV mode of implementation, keeping all the advantages of the mode intact.
▲==History==
▲The Economic Survey (2007–08) emphasized the need for effective financial monitoring of the Plan Schemes. The Finance Minister in his Budget Speech (2008–09) announced<ref>[http://gscurrentaffairs.com/gk/central-plan-schemes-monitoring-system-cpsms/ Announcement of CPSMS]</ref> the establishment of a comprehensive Decision Support System and Management Information System. The 11th Plan Document also recognized the deficiencies in the existing accounting system for the Plan Schemes and its inability to support informed planning, budgeting and effective monitoring of these schemes. It also underlined the need for a consolidated financial information system for the Plan Schemes.
▲The EFC of the [[Planning Commission (India)|Planning Commission]] has approved the implementation of CPSMS in a phased manner. The Finance Minister has also accorded its approval in principle for the entire scheme. Administrative and financial approval for Part A of the Scheme, with an outlay of Rs. 24.25 crores, has also been received.
==Modus Operandi==
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Post registration, CPSMS will enable one to 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.
▲The system is now available in all the central ministries and all the state, ministry and scheme reports are available to users in these ministries. The system is being implemented in the four states of [[Madhya Pradesh]], [[Bihar]], [[Mizoram]] and [[Punjab, India|Punjab]]. The CPSMS-CBS interface is now functional and is providing real time information exchange with the banks. The Planning Commission has also decided to fast-track work on the system.<ref>[http://www.business-standard.com/india/news/planning-commission-fast-tracks-scheme-to-monitor-social-projects/20/28/364279/ Planning Commission fast-tracks scheme to monitor social projects]</ref>
▲CPSMS has made significant strides since its initial roll out. The dedicated web portal of CPSMS is operational and has registered more than 8.00 lakhs hits. All the Plan Schemes of Civil Ministries have been mapped and about 75,000 Sanctions were issued in 2009-10. All releases from the Government of India under Plan Schemes are now made through CPSMS, and all agencies receiving these releases are registered on the CPSMS Portal. More than 8,00,000 agencies have been registered. Ministry, Scheme, State-wise, District, NGO, Individual data of releases from GOI is now 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 94 banks. It includes the Public Sector Banks, major Private Sector Banks.
▲CPSMS has also won the Microsoft Developer Innovation & Excellence Award 2009 <ref>[http://www.windowsfs.com/special-features/windows-in-financial-services-developer-awards-3 Windows in Financial Services Developer Awards 2009]</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]</ref>
▲The CPSMS after successfully completing the pilots has started Pilots on E-Payments to beneficiaries under various social sector schemes leveraging its CPSMS-CBS interface. Thus it provides a platform for the schemes for making payments directly in the bank accounts of beneficiaries.
▲[[Planning Commission]], Government of India has issued, Office Memorandum, making CPSMS mandatory for Direct Benefit Transfer Scheme of Government of India. CPSMS serves as the central MIS for all DBT transactions.
== References ==
{{Reflist}}
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