The Public Financial Management System (PFMS) Was earlier known as

Last updated Aug 8, 2026

Correct Answer: Option A — Central Plan Schemes Monitoring System (CPSMS)

The Public Financial Management System (PFMS) was initially started by the Planning Commission in 2008-09 as a pilot project in four states (Madhya Pradesh, Bihar, Punjab, and Mizoram) before being expanded into the robust, real-time monitoring system used across India today.

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The Public Financial Management System (PFMS) Was earlier known as

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