Alternate PFMS Fund Flow

The Just-in-Time release of Centrally Sponsored Schemes (CSS) funds is a mechanism designed to efficiently release funds to beneficiaries. The SNA-SPARSH model integrates State IFMS, PFMS, and e-Kuber of RBI to achieve the following:

Efficient fund release: Funds are transferred directly from the treasury to the beneficiary's bank account, ensuring accuracy and transparency.

Efficient payment processing: Real-time fund realization is enabled through payment files processed by the Cyber Treasury against the SLS.

About SNA-SPARSH

"Just-in-Time” release of Centrally Sponsored Schemes (CSS) funds through the e-Kuber platform of the Reserve Bank of India (RBI).

The General Financial Rule 232(v) mandates the release of funds to State Governments and monitoring their utilization through PFMS. To enhance the monitoring of fund availability and usage under CSS and to minimize float, the Department of Expenditure issued guidelines on 23rd March, 2021 (OM No. l(13)PFMS/FCD/2020). These guidelines outline a revised procedure for the flow of funds under CSS.

Furthermore, as per rule 230(7) of GFR 2017, which emphasizes the principles of "just-in-time release" for payments, an alternative fund flow mechanism has been introduced. This mechanism, named SNA-SPARSH (Real-time System of Integrated Quick Transfers), aims to bring greater efficiency to cash management at both the Centre and State levels. It integrates PFMS, State IFMIS, and the e-Kuber platform of RBI in a phased manner.

Financial Year: 2024-2025

Total Bills Processed

79

Total Amount Processed

30083159

NON-DBT Transaction

Total Bills Processed

79

Total Amount Processed

30083159

DBT Transaction

Total Bills Processed

0

Total Amount Processed

0

Agencies & Payees

Number of Agencies

738

Number of Payees

Alternate PFMS Fund Flow

About SNA-SPARSH

Finance Department

Directorate of Accounts and Treasuries

PFMS SPMU

Cyber Treasury Officer

Financial Year: 2024-2025

79

30083159

NON-DBT Transaction

79

30083159

DBT Transaction

0

0

Agencies & Payees

738

269