Updated By: LatestGKGS Desk
Transport Minister Nitin Gadkari Launched Web-based Software Application PFMS:Details
Transport Minister Nitin Gadkari Launched Web-based Software Application Public Financial Management System 'PFMS': Details, Features, Significance
The Union Minister for Road Transport & Highways, Nitin Gadkari launched the Bhoomi Rashi portal on 7th August 2018. He also announced the institution of Annual Awards for Excellence in National Highways Projects from 2018 onwards.
Public Financial Management System 'PFMS'
PFMS is a web-based online software application developed and implemented by the Office of Controller General of Accounts (CGA) to facilitate sound public financial management system for Government of India (GoI).
PFMS provides various stakeholders with a real-time, reliable and meaningful management information system and an effective decision support system, as part of the Digital India initiative of GoI.
Integration of PFMS with Bhoomi Rashi is one of the key functionalities to facilitate payment related to compensation for land acquisition to all the beneficiaries directly through the Bhoomi Rashi system.
With the integration of Bhoomi Rashi with PFMS, payment of Compensation by the Ministry to the beneficiaries will be just-in-time and without any parking of funds. The system is being now rolled out to all regional offices of Ministry of Road Transport and Highways and National Highways and Infrastructure Development Corporation (NHIDCL)
