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.  NIFM was to develop as a centre of excellence in the areas of Financial Management and related disciplines “not only in India but also in Asia.”

In order to ensure that NIFM enjoys a greater degree of flexibility and autonomy than the department

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.  NIFM was to develop as a centre of excellence in the areas of Financial Management and related disciplines “not only in India but also in Asia.”

In order to ensure that NIFM enjoys a greater degree of flexibility and autonomy than the departmental academies that existed at that time for officers training, it was decided that the Institute would be a legal entity known as “Society”.  Such societies are legally independent entities authorized to frame their own rules and regulations.  This structure makes available greater autonomy in both academic and administrative matters to the Institute, facilitating quick decision making in response to changing perceptions of desired goals and objectives.

Despite the legally autonomous character of the Institute, making the Finance Minister of Government of India, the President of the Society, 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 Cabinet is responsible for the administration and academic programmes of the Institutes.  It will thus be seen that the Institute has close links and direct access to Government of India.

The Institute recruits its faculty either by deputation from Civil Services or by selection from the best in the academic field.  The institute therefore has a distinct advantage of a mix of faculty from academic as well as government sector.  The Institute adheres to norms prescribed by the All India Council for Technical Education with respect to faculty qualifications and strength.

The Institute maintains a wide network of ‘guest faculty’ who are called upon to each topics in which they specialize.  There is also an adjunct faculty arrangement to take advantage of the specialized coverage of courses.

    * Campus Spread over an area of 42 acres
    * Lush Green Areas
    * Open Air Theatre
    * Spacious classrooms
    * Library
    * Computer Lab
    * 24 hours internet facility
    * Faculty rooms
    * Management and administrative wings of NIFM
    * Residential accommodation
    * Hostel Lounge
    * Dining Hall
    * Three generator systems of 650 K.V.A. have been installed on stand by mode to ensure round the clock power and water supply in the campus.

Library

NIFM Library is cove

    * Campus Spread over an area of 42 acres
    * Lush Green Areas
    * Open Air Theatre
    * Spacious classrooms
    * Library
    * Computer Lab
    * 24 hours internet facility
    * Faculty rooms
    * Management and administrative wings of NIFM
    * Residential accommodation
    * Hostel Lounge
    * Dining Hall
    * Three generator systems of 650 K.V.A. have been installed on stand by mode to ensure round the clock power and water supply in the campus.

Library

NIFM Library is covering approximately 1000 sq. meter of carpet area with two floors. Entire library collection is computerized, bar-coded and searchable through OPAC using “Gyanodaya” package, an integrated multi-user library management system that supports all in-house operations of the Library. Software consists of modules on acquisition, cataloging, circulation, serials, article indexing, stock verification and OPAC. All Library procedure i.e. acquisition, technical processing, circulation, book reservation and stock verification are automated. Library is a member of DELNET which provides Inter Library Loan Service.

 

Objectives of Library

   1. To build a state-of-the-art knowledge resource centre for management and allied subjects.
   2. To provide appropriate knowledge resources to meet the information needs of the academic community of the institute.
   3. To provide proactive and innovative information services to the academic community of the institute.

 

 Mess Committee

There will be a Mess Committee consisting of officer trainees and one nominee representing PGDBM (FM) officers to be nominated by the Programme Coordinator PGDBM (FM), which will be responsible for deciding the menu for normal and special occasions and for arranging tasty and healthy food. The Mess Committee will also organise dinners on special occasions.  It will also responsible for the quality check of the food during its preparation stage.  For this purpose it may nominate one probationer on rotation basis each day to carry-out quality check of the food.

Medical Services

A Medical Officer (presently Dr. K.S. Jindal) visits the hostel everyday (except holidays and Sundays) to provide medical services to the officer trainees at certain specified hours. He can also be contacted at odd hours in case of emergency on telephone Nos.2417206 (Clinic) and 2284028 (Residence). Serious cases are referred to the Escorts Medical Centre on the advice of Dr. Jindal.

Hostel

The hostel building which matches in design with the main Institute building has accommodation for about 175 trainees on single and double occupancy basis.

Officer trainees are expected to maintain their rooms themselves. Beds must be made when not in use. Electrical Appliances, lights & taps must be switched off when Officer-trainees leave their rooms or when otherwise not required. Damage to Institute property caused through negligence will have to be made good by the concerned officer trainee.

    * Daily newspapers/magazines are available for reading in the lounge (Ground Floor) of the hostel.
    * Two internet labs have been provided in Hostel lobby with computers.
    * Five Washing

Hostel

The hostel building which matches in design with the main Institute building has accommodation for about 175 trainees on single and double occupancy basis.

Officer trainees are expected to maintain their rooms themselves. Beds must be made when not in use. Electrical Appliances, lights & taps must be switched off when Officer-trainees leave their rooms or when otherwise not required. Damage to Institute property caused through negligence will have to be made good by the concerned officer trainee.

    * Daily newspapers/magazines are available for reading in the lounge (Ground Floor) of the hostel.
    * Two internet labs have been provided in Hostel lobby with computers.
    * Five Washing Machines have been installed in the Hostel for use by the Probationers / trainee officers.
    * Reverse Osmosis Water Filters are installed in the Hostel. Probationers are advised not to drink unfiltered water.
    * Two lines have been provided in the hostel to avail STD facility through VCC cards or conferencing on payment basis.

Security in the Hostel

    * Hostel Attendants are available in the hostel round the clock to facilitate the officer trainees. Officer trainees are required to follow the following security instructions strictly as under:
    * Officer trainees should put their own locks in the hostel rooms.
    * Valuable articles such as jewelry, cash etc. should not be kept in the hostel rooms.
    * Before leaving the rooms, the doors opening in the balconies must be properly bolted / locked & keys should not be left with the room boys.
    * Cleaning of the rooms in the hostel should be got done by the officer trainees in their presence.
    * Reception Staff should not be sent on private errands.
    * Any suspicious movement of persons be immediately reported to the security guard/Reception Desk and /or Security Office or Faculty-in-charge (Security).
    * Individual lockers are provided at the Ground Floor for receiving mail and also for official communications issued by NIFM. Officer trainees are expected to check their lockers on a regular basis.

Top Faculty:

    * Sh. G.P. Gupta - Director, NIFM
    * Ms. Bulbul Ghosh - Controller General of Defence Accounts, New Delhi
    * Sh. Dharam Vir - Chief Secretary to the Govt. of Haryana
 &

Top Faculty:

    * Sh. G.P. Gupta - Director, NIFM
    * Ms. Bulbul Ghosh - Controller General of Defence Accounts, New Delhi
    * Sh. Dharam Vir - Chief Secretary to the Govt. of Haryana
    * Sh. D.C. Bajaj - Additional Chief Adviser (Cost), Ministry of Finance, Lok Nayak Bhawan, New Delhi
    * Sh. V.N. Kaila - Controller General of Accounts, Ministry of Finance, Lok Nayak Bhawan, New Delhi