Integrated Finance Management System

Description

J&K Government approves the computerization of treasuries project MMP under NeGP in J&K vide Cabinet Decision No 195/23/2011 dated 19/10/2011 and Government Order No 249-F of 2011 Dated: 20/10/2011. Ministry of Finance, GoI and Project Evaluation Committee (PEC) NIC, HQ New Delhi has already approved the IFMS project. Project having life span is 5 years Integrated Financial Management System (IFMS) is a real-time Decision Support System. IFMS has followings main modules which are taken up for computerization. TreasuryNet – Computerization and linking of all the treasuries in J&K with central server. The treasury accounting system covers the pre-payment and post payment processes carried out in the treasuries and cater the needs of finance department. The accounts are mainly bifurcated as Payment and Receipt accounts. The system describes the workflow of the bill/bills submitted by the DDO on behalf of the state government for the expenditure incurred on various government schemes, in the treasury system and then the posting of the expenditure towards the bills. It also takes care of the receipt received by the state government by various sources i.e. sales tax., apart from the main accounting system, treasuries also have to interact with external agencies like banks, Accountant General, Fund department etc. The external system interfaces are also covered in this project. BEAMS - Budget Estimation, Allocation, Monitoring System A Government Budget is the key instrument for the execution of government economic policies. It is a statement of expected expenditure on various heads of accounts and the sources of financing the expenditure during a financial year. Budget Estimation, Allocation & Monitoring System (BEAMS) is an online computerized system to distribute the budget and to authorize expenditure. As soon as the budget is released, the departments can allocate funds to their field officers through this system. All the expenditure is thereafter not only checked for budget availability before the bills can be submitted, but also the monthly cash flows are controlled against pre-determined targets. This system permits the re-appropriation of funds within the prescribed limits and allows withdrawal/surrender of budget grants. The system provides limited facility to modify cash flows. The expenditure monitoring system now gives proposed expenditure data to the Government on a real time basis. GRAS – Government Receipt Accounting System, Virtual Treasury including e-Challan module, Purpose of GRAS is to know the accurate and factual position of State Receipts at any given point of time. This module shall facilitate the use of modern electronic payments system for the online receipt of Tax and Non Tax Revenue. In order to enable online payment, the module facilitates to fill Challan (e-Challan) on its website and make online payment using the participating Banks’ Internet Banking Facility.

Contact Details

Abhay Kumar
NB-12, Minin Block, Civil Sectt., NIC J&K State Unit. sio-jk[at]nic[dot]in
1912547720