Divya Delhi:   Finance Minister Nirmala Sitharaman stated that 1,100 of 1,200 central and state government schemes use DBT infrastructure for beneficiary direct bank account transactions. Sitharaman stressed the need of the Public Financial Management System (PFMS) in strengthening direct benefit transfers. At the 49th Civil Accounts Day ceremonies, she stated PFMS has enabled the government deliver benefits directly by removing middlemen. She claimed "Everything is direct payment, so no middlemen, no unborn children getting allowances." Money enters into biometrically validated accounts for everyone who receives. Thus, 1100 of 1200 central and state plans are under. The minister further noted that the PFMS serves 60 crore people, making it the world's largest. Completely digitalizing PFMS has made financial transactions more efficient and transparent, eliminating fund distribution delays and inconsistencies. Over 250 external systems, including the Government e-Marketplace (GeM), Goods and Services Tax Network PM Kisan, and Tax Information Network, interface with PFMS, the Finance Minister said. Comprehensive integration facilitates easy financial transactions and supports cooperative federalism. The government can track fund transfers more effectively and assure accountability by integrating financial systems. PFMS works with 31 state treasuries and over 40 lakh program implementing agencies to integrate financial systems. A single financial management system across states improves central-state collaboration. Though the world's largest democracy with a federal framework, India has standardized financial reporting, Sitharaman noted. When discussing PFMS system integration, she said. We may better demonstrate cooperative federalism by recognizing all 31 state treasuries and over 40 lakh program implementing agencies that enable unified financial administration across states. Check the size. Nations with over 140 billion people. All systems in the greatest democracy with provincially elected governments are integrated and governed by our friends here. This connection standardises financial reporting, making taxpayer money transparent. The system standardizes fund allocation, use, and beneficiary information, improving financial discipline. Over 650 banks and financial institutions, including public and private sector banks, the National Payments Corporation of India (NPCI), and the Reserve Bank of India, interact with PFMS. This “network of networks” streamlines financial transactions and improves fund administration. PFMS is one of the largest financial management platforms, processing 1 crore transactions everyday. Since 2017, Treasury Single Account has saved Rs 15,000 crore in interest costs.