I recently got to know what PFMS credit means myself after I heard from my friend. It is the abbreviation of Public Financial Management System for schemes of government of India. In short it can be defined as a transaction based system that aims to provide real time use of funds that gets released from the consolidated fund of India.
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What is meant by PFMS credit?Many people pose the question what is PFMS credit so do understand that it is a channel meant for paying, accounting and reporting under the Direct Benefit Transfer and the money that gets done via this system is called PFMS credit.
Who is eligible to get PFMS money?To get the PFMS money you have have
Secured 20% position in Class XII exam
Candidate must be between 18 years to 25 years
The family income should be within Rs 6 lakhs
Some of the benefits of PFMS are:
Enhances transparency and accountability in public expenditure
Acts as a decision support system for all levels of programme managers
Disseminating relevant information for citizens
Students pursuing graduation get about Rs 1,000 and students pursuing post graduation degree get about Rs 2000 per month.
This is all I got to learn on
PFMS credit means
Read More:How can I check my PFMS balance?
How to make payment through PFMS?
What is PFMS in bank?
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Authors Of The Question
What is PFMS Credit?
Baisakhi
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2 Year
2022-11-22T21:10:37+00:00 2022-11-22T21:10:39+00:00Comment
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