National Institute of Financial Management: Ministry of Finance

advtanmoy 17/04/2020 2 minutes read

Renamed as Arun Jetley National Institute of Financial Management under Finance Ministry, Govt of India

The National Institute of Financial Management (NIFM) was set up in 1993 as a training institution for officers recruited by the Union Public Service Commission (UPSC) through the annual Civil Service Examinations and allocated to the various services responsible for managing senior and top management posts dealing with accounts and finance in the Government of India. The Finance Minister is the President of the Society. This has ensured a very close linkage with Government. For administrative purposes, there is a Governing Board chaired by the Secretary (Expenditure). The Director appointed by the Appointments Committee of the Union Cabinet is responsible for the administration and academic programmes of the Institute.

The Institute runs five long-term programmes approved by AICTE -Professional Training Course of one year for newly recruited probationers of Accounting services called Diploma in Public Financial Management; a one year Diploma Course in Government Financial Management; a two-year Post Graduate Diploma in Management (Financial Management) programme for officers of the Central Government, the State Governments, Public Sector Undertakings and other organizations under Government duly recognized as MBA equivalent by AIU and NBA accredited; and a one-year Post Graduate Diploma in Management (Financial Markets) to produce competent researchers, teachers and Consultants. In addition, NIFM also conducts a one year Weekend Post Graduate Executive Programme in Financial Markets; and various short term programmefor Central Government.