Question

    Public Financial Management System is an online software

    program designed and introduced by____________.
    A CAG Correct Answer Incorrect Answer
    B CGA Correct Answer Incorrect Answer
    C CBDT Correct Answer Incorrect Answer
    D GST Council Correct Answer Incorrect Answer
    E GST Network Correct Answer Incorrect Answer

    Solution

    Public Financial Management System is an online software program designed and introduced by the organization of CGA (Controller General of Accounts). It belongs to the Finance Minister, expenditure department of the Indian government. It provides an online subsidy payment network to both Non Aadhar based bank accounts and Aadhar based bank accounts under DBT (Direct Benefit Transfer) through the NPCI (National Payments Corporation of India). Many banks initiated DBT payments via the PFMS for the recipient qualifying under the policies.

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