The Mahatma Gandhi National Rural Employment Guarantee Scheme would convey a float of Rs 50,000 crore-60,000 crore.
NEW DELHI: The regime expects to relieve every bit much every bit Rs 10,000 crore on involvement payments, equal to the total required to fund Ayushman Bharat, or Modicare, through a novel mechanism.
The ‘just-in-time release’ of funds through a finance management platform has cutting the total of coin floating inwards the system, which has resulted inwards involvement savings, a senior finance ministry building official said.
“The whole persuasion is to minimise float inwards the system... Funds are similar a shot released entirely when implementing agencies involve them,” the official said.
The Mahatma Gandhi National Rural Employment Guarantee Scheme would convey a float of Rs 50,000 crore-60,000 crore. That’s similar a shot been brought to naught afterwards it was brought on to the Public Financial Management System (PFMS) platform.
The PFMS, administered past times the Department of Expenditure as well as implemented past times the Controller General of Accounts, is an end-to-end solution for processing payments, tracking, monitoring, accounting, reconciliation as well as reporting. It provides a unified platform for tracking releases as well as monitoring their last-mile utilisation.
The official said out of close twenty lakh regime agencies, 1 lakh convey come upward on to the platform. The Department of Posts could similar a shot migrate to the PFMS spell the Controller General of Accounts volition live making a presentation to the ministry building of defense strength this calendar week on how the organization could locomote for it. These departments convey their ain cash administration systems.
PFMS - Plan Scheme Monitoring System
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