National Institute of Financial Management, Faridabad
The National Institute of Financial Management (NIFM) was set up in 1993 on the basis of a proposal made by Ministry of Finance, which was approved by the Union Cabinet. The Union Cabinet envisaged that NIFM would begin 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 manning senior and top management posts dealing with accounts and finance in the Government of India.
The Program titled “Post Graduate Diploma in (Financial) Management is a two-year full time Program for senior executives from the Government, public and the private corporate sector. The Program is duly recognized by the All India Council of Technical Education (AICTE) and has also been recognized equivalent to master program in Management by Association of Indian Universities (AIU). The program designed under the overall guidance of a high level Academic Advisory Committee, features the contents of similar programs run by the best ‘B-schools’ of national and international repute within India and abroad. The program sensitizes the participants to the contemporary concerns facing the country, the Government and the Corporate Sector. This program has factored in the inputs that would capture the latest approach of the Government to enter into various ventures with private partners. This has thrown open new vistas of challenge for the private corporate sector and requires the private corporate sector to understand and appreciate the business environment on different footings. Accordingly, the understanding of fiscal and financial functioning of the Government would be of great significance for the executives of corporate sector in meeting the challenges of corporate financial management. The program addresses the key issues in Public Financial Management. The program design has been cast with apt care to capture relevant issues that impact governance and the corresponding delivery by the public authorities. As the Governments, at various levels, are becoming increasingly concerned for timely and quality delivery the requisite managerial skills and capacity development are posing serious challenge. The Program is therefore, designed to facilitate capacity development in the Government as well as in the corporate sector to meet the emerging economic and social aspirations.