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National Institute of Financial Management

The National Institute of Financial Management (NIFM) was set up in 1993 as a registered society under Ministry of Finance, Government of India. The main function was to train the officers recruited by the Union Public Service Commission (UPSC) through the Civil Services Examination and allocated to the various services responsible for managing senior and top management posts dealing with accounts and finance in the Government of India.

NIFM plays an important role in governance and administrative reforms by providing a platform for interaction and exchange of ideas and experiences among officers from different organized services, different state governments and between personnel of civil and defense establishments.

Over the years, NIFM has become a premier resource center to meet the training needs of Central Government for senior and middle level of management too. NIFM also caters to the State Governments, Defence establishments, Banks and other Financial Institutions.


Vision
NIFM, shall endeavor to develop the Institute as a "Centre of Excellence" in the area of Financial Management for Good Governance and provide a conducive environment for learning, teaching and research. We shall ensure Client's satisfaction through continuous improvement in Human Resources, methodologies and infrastructure based on the "Voice of the Client". The values of honesty, integrity, transparency and respect for human being shall always guide our efforts.

Objectives

The main objectives for which the institute was set up have been documented in Section 4 A of the Memorandum of Association (MoA) of the NIFM Society and they are as follows:

  • To establish and administer the management of the Institute;
  • To organize and provide training and continuing professional education to Group 'A' officers of the Participating Services including organization of refresher courses at senior and middle levels;
  • To establish the Institute as a Centre of Excellence in financial management for promoting the highest standards of professional competence and practice;
  • To undertake and promote research/consultancy studies in the fields of accounting, audit, financial and fiscal management and related subjects;
  • To promote education in financial and fiscal management for officers of the associate Services of Centre/State Governments and officers of public sector enterprises/ institutions;
  • To organize International Training Programs and to keep abreast with progress made in the rest of the world in the area of finance and accounts, particularly in Government and public sector institutions.

NIFM Training Courses


Probationers Training Course

NIFM provides professional training to the probationers of six organized central services listed below, which are responsible for the management of Finance, Accounts, Costing and Audit functions in the Government of India. The duration of the Professional Training Course is 26 weeks.

Post Graduate Diploma in Management (Financial Management)

Post Graduate Diploma in (Financial) Management is a two-year full time Programme for senior executives from the Government, public and the private corporate sector. The Programme is recognized by the All India Council of Technical Education (AICTE) and has also been recognized as equivalent to a Master’s programme in Management by the Association of Indian Universities (AIU).

Fellow Programme in Management (FPM)

The objective of the Fellow Programme in Management (FPM), a Doctoral level programme of NIFM Faridabad, is to develop scholars for distinguished careers in teaching, training, research, and consultancy in management.

Management Development Programme

The main aims and objectives for which the Society is constituted are:

  • To establish and administer the management of the Institute; 
  • To organize and provide training and continuing professional education to Group A' officers of the Participating Services including organization of Refresher Courses at senior and middle levels;
  • To establish the Institute as a centre of excellence in financial management for promoting the highest standards of professional competence and practice;
  • To undertake and promote research studies in the fields of accounting, audit, financial and fiscal management

National Institute of Financial Management 
Sector 48,Pali Road, Faridabad 121 001 Haryana India
Phone: 91-129-2465444 91-129-2465258 

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