Srinagar, Oct 23 (PTI) Jammu and Kashmir has become the first union territory in the country to operationalise public financial management system (PFMS) at the district level, an official spokesman said here on Friday.

The Union Territory of Jammu and Kashmir has become the first UT in the country to operationalise PFMS at the district level with the e-inauguration of eight district offices here on Friday by Additional Controller General of Accounts Subodh Kumar Mathur, the spokesperson said.

Also Read | Sahebpur Kamal Vidhan Sabha Seat in Bihar Assembly Elections 2020: Candidates, MLA, Schedule And Result Date.

The launch of these offices in Jammu and Kashmir will result in improved programme administration and management, direct payment to beneficiaries and greater transparency and accountability in use of public funds, he said.

The spokesperson said nodal officer for Jammu and Kashmir, Shakeel Maqbool, highlighted the significance of PFMS in further improving accounts administration and congratulated PFMS, State Directorate J-K team for taking initiative of operationalising district project management units (DPMU) despite the challenges in the wake of the COVID pandemic.

Also Read | Matihani Vidhan Sabha Seat in Bihar Assembly Elections 2020: Candidates, MLA, Schedule And Result Date.

The PFMS state directorate J-K was established in 2016 like in the rest of the states and the UTs for operationalising PFMS and now it has emerged as the first UT in the country in terms of expanding the PFMS to districts which is a significant achievement for all the stakeholders, he said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)