The financial system of any country or state affects its economy and growth. They are all interrelated with each other. The financial system is apart from where the growth is channelized in every part of the economy. Therefore, the proper management of the financial system is necessary and has great importance.
In the world of digitalization, technology has played its part. This advancement in technology and digitalization can be seen in various sectors like business, education, and even agriculture too. There is no way that the financial system will leave behind.
To ease the finance-related management system, the government of Himachal Pradesh has developed a digital “Integrated Financial Management System” an online portal called “Himkosh”.
Himkosh is an official website of the Himachal Pradesh government, which has been issued by the Treasuries, Accounts, and Lotteries, Finance Department. Himkosh is an Integrated Financial Management System that reports for the government and provides an interface with internal and external stakeholders of the finance department. It was created to provide help in different services related to treasuries, accounts, and lotteries.
The Himkosh portal is developed and works under the finance department and government of Himachal Pradesh. It is designed by National Informatics Centre, Shimla.
Himkosh portal provides many services like E Salary, Pension, Challan, GPF Statement, CPF, E-Service book, etc. As this portal is only effective for the state of Himachal Pradesh therefore only the people of the state can use it. That’s why it is very important for the people of the state.
The project has been sanctioned under the Mission Mode Project (Treasuries) which is a National e-Governance Plan of the Government of India. NIC developed and implemented various IT initiatives especially over the last twenty years which has significantly facilitated the Financial Management of the state.
Himkosh consists of several subsystems include Accounting, Cash Management, Budgeting, Debt Management which plan, process, and report on various public financial resources. Apart from these, the Government of Himachal Pradesh has concentrated to enhance IFMS with non-core subsystems like National Pension Scheme (NPS), e Salary, e Vitran, e Pension which covered a total of 86 HODs, 4600 DDOs, 1.12 lakh pensioners, 1.98 lakh employees, 0.50 lakh NPS employees and a total of
102 Treasuries which consists of 16 Treasuries, 85 Sub Treasuries, 1 Cyber Treasury, and 52 Integrated Pay and Accounts Offices in the year 2014, and now the numbers have been increased and will continue to do so.
All the government and non-governmental works are nowadays becoming online which is also a need of today’s time. There are many reasons for launching Himkosh, such as people are no longer need to be in line to avail government schemes or any type of government services. Therefore, it makes it easier for people to avail themselves services it also saves time and employees get ease too.
