Bank, SPMU organise workshop at SKUAST

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SRINAGAR: J&K Bank in collaboration with State Project Management Unit (SPMU) on Thursday organised a daylong workshop-cum-training programme for Krishi Vigyan Kendrayalyas (KVK) on Public Fund Management System (PFMS) at Sheri Kashmir University of Agricultural Sciences Kashmir (SKUAST-K).
Facilitating the SPMU officials, the training session was coordinated and technically supported by the Business Acquisition Department of the bank in association with J&K Bank Business Unit SKUAST, an official handout read.
Director General Finance (DGF) SKUAST, Mushtaq Ahmed Mir emphasised on the need of utilising such opportunities for taking the benefits of government schemes directly to the eligible consumers.
“PFMS primarily aims at ensuring that the benefits of government-sponsored schemes are directly received by the beneficiaries. I request the participants (to) use this opportunity in understanding the schemes and the benefits these offer to the general consumers. This workshop should be productive so far as implementation of schemes is concerned,” DGF SKUAST said.
The government of India in December 2013 had approved the India-wide rollout of PFMS for all states and schemes by 2017. The financial management platform PFMS aims at tracking fund flows to states and central departments on a real-time basis and facilitates direct payment to beneficiaries among others.
The platform has a database of all recipient agencies and is integrated with the state treasuries for tracking of fund flow to the lowest level of implementation for plan schemes, the handout read.
During the workshop, the participants were given a detailed information on the online management of PFMS portal by SPMU staff. An illustrative PowerPoint presentation on PFMS was also given by Operational Manager of SPMU, Navneet Singh, it added