7.2 Booking of Expenses and Flow of Money

NRLM uses Project Financial Management System (PFMS) for project management. PFMS is a Government of India public financial management reforms initiative that monitors programmes in the social sector and tracks the status of funds disbursed.

NRLM has issued a new guideline, which suggests changes in the budget lines in PFMS to align them with budget heads of SVEP.

The guideline also mentions the nature of expenditure to be booked against each budget line and states the route of fund transfer i.e. to the project implementing agencies or community based organizations.

Route of fund transfer could be SRLM to PIA or SRLM directly, SRLM to Nodal CLF’s Account, State to PIA and PIA to Nodal CLF, or Kudumbashree NRO to Nodal CLF’s Account (only from Kudumbashree NRO)

The letter regarding the details of expenditure to be booked under budget heads is attached in the Annexure 7.1.