Central Plan Scheme Monitoring System: Difference between revisions

Revision as of 09:42, 18 November 2016

Revision as of 18:54, 8 December 2016

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==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] {{waybackwebarchive |url=https://web.archive.org/web/20100929220209/http://gscurrentaffairs.com/gk/central-plan-schemes-monitoring-system-cpsms/ |date=20100929220209September 29, 2010 }}</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] {{waybackwebarchive |url=https://web.archive.org/web/20110721165712/http://www.cga.nic.in/pdf/International_Confereence33.pdf |date=20110721165712July 21, 2011 }}</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] {{waybackwebarchive |url=https://web.archive.org/web/20110721170333/http://www.cga.nic.in/pdf/Plan_Scheme_Monitoring_Project_of_GOI.pdf |date=20110721170333July 21, 2011 }}</ref>

By 2009, The system was available in all the central ministries and all the state, ministry and scheme reports were available to users in these ministries. The system was being implemented in the four states of [[Madhya Pradesh]], [[Bihar]], [[Mizoram]] and [[Punjab, India|Punjab]]. The CPSMS-CBS interface was functional and was providing real time information exchange with the banks. The Planning Commission 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>

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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] {{waybackwebarchive |url=https://web.archive.org/web/20101006063909/http://www.windowsfs.com/special-features/windows-in-financial-services-developer-awards-3 |date=20101006063909October 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] {{waybackwebarchive |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=20100819125403August 19, 2010 }}</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.