The Rajasthan government is set to overhaul its financial governance architecture through the upgraded Integrated Financial Management System (IFMS) 3.0, with a sharpened focus on cybersecurity, Artificial Intelligence (AI)-driven solutions and end-to-end transparency, Chief Secretary V. Srinivas announced on Wednesday. The state is working to make the treasury system 'more robust, reliable, and fully traceable' while delivering user-friendly digital services and regular capacity-building for officials, he said.

What IFMS 3.0 brings to the table

Reviewing the rollout through a state-level webinar, Srinivas directed officials to ensure time-bound implementation, calling technology-driven financial governance the key to transparency, accountability and efficient public service delivery. The upgraded platform is designed to modernise scheme implementation, payment processing, financial monitoring and accounts management across departments.

The Chief Secretary also pushed for greater inter-departmental coordination, simplification of procedures and sharing of best practices across districts. He instructed that the officer from the Rajasthan Accounts Service (RAcS) serving as Additional Director and Ex-Officio Project Director for IFMS 3.0 work to make the platform more user-friendly while integrating AI-based features and other emerging technologies.

Cybersecurity at the core

Srinivas underscored that data security is paramount in a digital financial ecosystem. He directed departments to establish robust cybersecurity protocols, conduct regular security audits and intensify awareness around cyber threats, adding that every department must function with vigilance and accountability to safeguard the integrity and reliability of financial data.

Training and phased integration

The Chief Secretary called for regular training and capacity-building for Drawing and Disbursing Officers (DDOs), district-level officers and other stakeholders. Principal Secretary (Finance) Vaibhav Galriya described IFMS 3.0 as a major initiative to modernise and enhance transparency in the state's financial framework, noting that departments and schemes are being onboarded in a phased manner and that SNA-SPARSH (Real time System of Integrated Quick Transfers) is being implemented effectively.

A model other states are watching

Galriya said several states are reportedly studying Rajasthan's financial management model as a benchmark for digital governance reforms. During the webinar, Manish Shukla, Additional Director (IFMS), presented a detailed walkthrough of IFMS 3.0 modules, treasury management, revenue management systems, helpdesk mechanisms, SNA-SPARSH and cybersecurity protocols.

Who attended

Senior officials from the Finance, Budget, Treasury and Accounts, and Information Technology (NIC) departments joined the review, including Shivangi Swarnkar, Special Secretary (Finance-Budget), and Sandhya Sharma, Joint Secretary (Treasury and Accounts). District Collectors, Treasury Officers and Deputy Treasury Officers from across Rajasthan also participated via video conferencing.

Next steps include phased integration of more departments and schemes, alongside structured training rollouts — with the state betting that AI-led automation and tighter cyber protocols can deliver a measurable lift in fiscal transparency.