New Delhi: Delhi govt approved a Rs 261.66-crore Integrated Financial Management System (IFMS) to bring all its financial operations to a single digital platform. It was required because officials do not have one common system to manage money.
Different departments use many separate and old computer systems to handle budgets, spending funds, salaries, pensions and payments.
Therefore, officials cannot see correct financial information in real time.“Officials have to collect data from many systems, which takes time, and sometimes the figures don’t match, causing confusion and delays. Overall, planning budgets and monitoring the misuse of funds becomes challenging.
The IFMS will help officials see updated data instantly, reduce mistakes, speed up payments and ensure better control and transparency. The system will strengthen fiscal discipline, improve decision-making and modernise Delhi govt’s financial administration,” an official said.
The project was recently cleared by the Expenditure Finance Committee (EFC), chaired by chief minister Rekha Gupta. Officials said the system is designed to address long-standing challenges faced by the finance department.According to the proposal, the IFMS will cover multiple modules, such as budget, expenditure and revenue management, accounts, debt and guarantees, grants, investments, projects, materials, contracts, assets and contingent liabilities, along with integration with the human resource management system (HRMS). It will also feature employee, pensioner and vendor portals, a mobile application, MIS and reporting tools, as well as a helpdesk and chatbot.The system will be hosted on a MeitY-empanelled private cloud. Deloitte was engaged as the consultant for conceptualisation and system design, while implementation will be carried out through an RFP-based e-tendering process.The project duration is 90 months, including 24 months for development and 66 months for operations and maintenance, which also covers a 6-month exit management phase. Expenditure will be spread over 8 years, with Rs 31.16 crore allocated in 2026–27 and Rs 52.43 crore in 2027–28 during the development phase. Annual operations and maintenance costs are estimated at Rs 32 crore, with Rs 16.22 crore earmarked for the exit phase. A provision of Rs 32 crore was already made in the 2026–27 budget, while Rs 2.3 crore was spent so far on consultancy and project management.
