Transactions via PFMS portal at Rs 71,633 crore

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NEW DELHI: The Finance Ministry on Thursday said a “historic” Rs 71,633 crore was processed and routed through the PFMS portal on March 28.
The Public Financial Management System (PFMS), administered by the Department of Expenditure, is an end-to- end solution for processing payments, tracking, monitoring, accounting, reconciliation and reporting.
It provides scheme managers a unified platform for tracking releases and monitoring their last mile utilisation.