Finance Minister launches e-Bill system on 46th Civil Accounts Day

What is the News?

The Union Minister for Finance has launched the e-Bill system for Central Government Ministries on the 46th Civil Accounts Day.

What is the e-Bill System?

Aim: To make the entire process of submission and backend processing of bills completely paperless and transparent for Central Government Ministries.

Developed by: Public Financial Management System (PFMS) Division in the office of the Controller General of Accounts in the Department of Expenditure, Ministry of Finance. 

Objectives of the System: 

– Provide convenience to all vendors/suppliers of the government to submit their bills/claims at any time, from anywhere.

– Eliminate physical interface between suppliers and government officers.

– Enhance efficiency in processing bills/claims.

– Reduce discretion in the processing of bills through the “First-In-First-Out”(FIFO) method.

What is the significance of the launch of the e-Bill System?

Currently, the suppliers of various goods and services to the Government have to submit physical copies of their bills to the respective Ministries. Similarly, government employees also need to submit hard copies of their claims.

Due to this, the suppliers need to visit the offices to deliver bills. Moreover, they are unable to track the status of the processing of their bills. 

But under this e-Bill system, vendors/suppliers can upload their bills online along with supporting documents at any time through digital signature. For those not having a digital signature, the facility of e-sign using the Aadhaar has also been provided. 

Source: This post is based on the article “Finance Minister launches e-Bill system on 46th Civil Accounts Day” published in PIB on 3rd March 2022.