PFM Implementations

Public Finance Management (PFM) Exemplars In Punjab & Odisha

The iFIX platform has demonstrated its transformative potential through multiple reference applications designed to address critical challenges in public finance management (PFM). These applications, or exemplars, enhance fiscal management capabilities by providing real-time visibility and resolving inefficiencies in project-related financial processes.

In Punjab - the mGramSeva exemplar streamlines the information exchange across multiple agencies, fostering improved coordination and efficiency.

Odisha - faced significant challenges in implementing schemes, particularly delayed payments to Community-Based Organizations (CBOs) and wage seekers. The delays primarily stemmed from labour-intensive, paper-based compliance, billing, and verification processes. MUKTASoft, an iFIX-based exemplar, aims to digitize and streamline the end-to-end process, enhancing efficiency, transparency, and timely payments.

These exemplars showcase the versatility and impact of the iFIX platform in transforming public finance management for improved governance and service delivery.