Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman launched the Single Nodal Agency (SNA) Dashboard of PFMS (Public Financial Management System) as a part of the Azadi ka Amrit Mahotsav (AKAM) celebrations by Ministry of Finance.
The Ministry of Finance is observing the ‘Iconic Week’ celebrations from 6th June to 12th June 2022 to celebrate AKAM. The Training Modules of the Department of Expenditure were also launched as part of the Mission Karmayogi.
She said that implementation of SNA has been a milestone in public finance by effectively leveraging technology in the last 75 years. Smt. Sitharaman congratulated the team of CGA as it brought in transparency in federal system of accounting and it deserves recognition.
Smt. Sitharaman appreciated the just-in-time release of funds now being made through CSS to the states, and urged the officials to write about the success of SNA in local languages and thereby making governance interesting for common people.
The finance minister also mentioned about Mission Karmayogi tasked with capacity building commission to come up with training modules in order to empower, train and skill the civil servants. Smt. Sitharaman appreciated the states of Arunachal Pradesh, Bihar and Odisha as they were the first to come forward for training under the Mission.
The Finance Secretary said that the complete visibility of money reaching the end beneficiary is the primary achievement of SNA. Dr. Somanathan also added that float of funds could be reduced and thus, interest costs are saved, and these steps are helpful in containing the fiscal deficit in challenging times like now.
He underlined that another feature of SNA is that it has a centralised core and a decentralised periphery giving freedom to the States and agencies in implementation of schemes.
Speaking about the training modules of the Department of Expenditure for capacity building of civil servants, Dr. Somanathan highlighted that these modules have been designed using the most modern teaching methods in the world.
