The Flagship backbone for Fund Disbursement in Scheme and Subsidy Payments, the Public Financial Management System (PFMS) is utilized by Ministry of Finance (GOI) for enabling fund flow from government to agencies, states, districts digitally, as well as to citizens (beneficiaries ) using the DBT mode.

The platform is managed by the Ministry of Finance in technical collaboration with (NIC)..

  • 1200+ schemes, 4 million agencies and 60 Billion USD payments
  • Single Unified Platform integrating 94 banks and 1 billion citizen/beneficiaries
  • End to End Solution having Just-in-Time(JIT) payments approach
  • Secure platform for Scheme managers
  • Payment processing, tracking, monitoring, accounting, reconciliation and reporting
  • Fund disbursement and utilization by last mile
  • Implemented by the Office of the Controller General of Accounts (CGA) Ministry of Finance in technical collaboration with NIC
  • Fund disbursement and utilization by last mile
  • Implemented by the Office of the Controller General of Accounts (CGA) Ministry of Finance in technical collaboration with NIC
  • Beneficiary Identification, Authorize Payment Batch , Digitally Signing the Batch
  • 18 Lakh Registered IAs(PSUs, NGOs, Trusts, Individuals)
  • Mandatory to use EAT module
  • PFMS needs the details of all the branches of a bank participating in the Scheme Payment Disbursal Modules. CBKonnect application will weekly generate a file which will be having incremental data of the branches for a respective Bank.
  • To avoid the frauds/misuse of funds by the Agency Accounts, PMFS monitors the transactions done by the respective Agency Accounts on Daily and History basis. CBKonnect application generate the transactions data for Agency Accounts in the required format by PFMS and share it on SFTP on the required location.
  • PFMS also monitors the FCRA Accounts for their regular transactions. Hence CBKonnect application generate the FCRA transactions data for FCRA Accounts in the required format by PFMS and share it on SFTP on the required location.
  • Bank Branch based Payments
  • Agency has to go to Branch and initiate the payment
  • Maker and Checker Workflow for Payment Authorization
  • Near real time payments based on DSC based authorization.
  • Registered against an Agency Account by PFMS ,Same has to enrolled by banks
  • Once this digital signature is validated, the payment is initiated by CBK without any manual intervention by bank user.
  • PFMS sends the Payment Request file to bank with the details of Agency (Debit) and Beneficiary (Credit) Accounts.
  • CBK reads this file, validate and sends the respective positive / negative acknowledgement to PFMS.
  • Once the payment is authorized by the bank, CBK initiates the payment and sends payment initiation response back to PFMS. The payment can be of types – NEFT, IFT, RTGS, APBS and ACH Credit Outward. CBKonnect application is capable to integrate with multiple bank channels like ISO, MQ, Web Service, Web API, Plain text file, NPCI Standard H2H files, etc.
  • CBKonnect send the initiation response. Once the final response of the respective transaction is received, CBK send Success / Reject response of the respective transaction to PFMS.
  • Account Validation for Agency and Beneficiary
  • PFMS will send the account validation request file on SFTO. The CBKonnect application will download file, validates the account(s) with CBS Channel provided, create the response and send to PMFS in required format