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Stream/Area:
-
Subject:
-
Paper ID:
IJSREMWP109
Volume:
9 |
6 |
Jun 2025
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
The SNA-SPARSH model (समयोचित प्रणाली एकीकृ त शीघ्र हस्तांतरण) is a real-time integrated fund transfer mechanism initiated by the Government of India to improve efficiency and transparency in public fund management. Operationalized through collaboration between the Department of Expenditure, Reserve Bank of India (RBI), Public Financial Management System (PFMS), and State Integrated Financial Management Systems (IFMIS), the system ensures “Just-in-Time” release of funds. The SNA-SPARSH model minimizes idle funds, reduces dependency on borrowings, and brings fund transfers under the Consolidated Fund mechanism for both Centre and States.
KEYWORDS
Publication Date
6/30/2025
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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