Institutional Foundation and Governance
The Arun Jaitley National Institute of Financial Management (AJNIFM) was established in 1993 as a Society under the Department of Expenditure, Ministry of Finance, Government of India. The Institute was conceived as a specialised institution for developing professional capabilities in financial administration and management within the public sector.
At the time of its establishment, the Union Cabinet envisaged AJNIFM as a dedicated training institution for officers recruited through the Union Public Service Commission (UPSC) Civil Services Examination and allocated to various services entrusted with senior and top-level responsibilities in accounts, finance and financial administration in the Government of India.
Over the years, AJNIFM has evolved substantially in response to the changing requirements of public financial management and governance. Its mandate has expanded beyond its original training function to encompass a comprehensive portfolio of capacity-building programmes, executive education, research, knowledge development and consultancy activities.
Guided by the objectives set out in its Memorandum of Association, the Institute has progressively strengthened its academic and professional capabilities, emerging as a Centre of Excellence in Financial Management and related disciplines. Its programmes and initiatives are designed to foster professional competence, encourage innovation, facilitate knowledge exchange and contribute to improved standards of public governance and financial administration.
Governance and Institutional Framework
AJNIFM follows a two-tier governance structure that combines institutional autonomy with a strong and continuing linkage with the Government of India.
The AJNIFM Society
The Hon’ble Union Minister of Finance serves as the President of the AJNIFM Society, providing overall institutional leadership and strategic direction.
Board of Governors
The Institute is governed by a Board of Governors, chaired by the Secretary, Department of Expenditure, Ministry of Finance, Government of India. The Board provides strategic oversight and guidance on matters relating to the Institute's institutional development, academic priorities and overall functioning.
Director, AJNIFM
The Director of AJNIFM, appointed by the Appointments Committee of the Cabinet (ACC), serves as the chief executive and academic head of the Institute. The Director is responsible for the effective administration of the Institute and for providing leadership to its academic, training, research and professional development programmes.
Autonomy with Public Purpose
AJNIFM maintains an autonomous institutional character while remaining closely aligned with the Government of India's priorities and requirements in the areas of public financial management, governance and administrative reform.
This distinctive institutional framework enables AJNIFM to combine the stability and public purpose of a national institution with the flexibility required to respond to emerging professional, technological and policy challenges. Through this balance of autonomy, accountability and governmental engagement, AJNIFM continues to strengthen its role as a national platform for professional excellence, knowledge creation and capacity building in financial management and governance.
Jump to: Vision · Main Objective · AJNIFM Logo · AJNIFM Flag · AJNIFM Pledge · AJNIFM Theme Song · Introductory Video
Vision
Excellence in Financial Management. Excellence in Governance.
AJNIFM aspires to emerge as a Centre of Excellence in Financial Management and related disciplines, contributing meaningfully to the advancement of good governance, professional excellence and institutional effectiveness.
We envision an institution that provides a dynamic, inclusive and intellectually stimulating environment for learning, teaching, research and professional development—one that encourages critical thinking, innovation, knowledge exchange and the continuous pursuit of excellence.
Our vision is anchored in a commitment to understand and respond to the evolving needs of our stakeholders. We strive to enhance stakeholder satisfaction through continuous improvement in our human resources, academic and professional methodologies, learning systems, technology and institutional infrastructure, guided by the Voice of the Client and informed by emerging requirements in public financial management and governance.
At the heart of our vision are enduring values that define the character of AJNIFM:
Honesty. Integrity. Transparency. Respect for Human Dignity.
These values shall remain the guiding principles of our institutional journey, shaping our decisions, relationships and pursuit of excellence.
Through this vision, AJNIFM seeks to build capable professionals, foster transformative ideas and strengthen institutions, thereby contributing to a more effective, accountable, transparent and responsive system of governance.
Main Objective
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 AJNIFM 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.
Other Objective
In furtherance of the main objectives set out above, the Institute shall have the following related objectives:
- Promote learning, so that the officers of the Participating Services acquire skills and knowledge for effective discharge of their functions with special emphasis on Financial Management, Public Finance, Government Accounting and Parliamentary Financial Control.
- Enhance the capabilities of existing training institutions of the Participating Services, to improve their quality of training.
- Provide a common platform for interaction and facilitate exchange of ideas and experiences amongst officers of Participating Services.
- Expose officers to all aspects of the state-of-the-art techniques of financial management including the use of computers.
- Assist, interact and collaborate in promoting study of financial management, with other institutions and bodies, both within the country and abroad
- Undertake publication of papers, books, monographs, journals etc. in financial management.
- Establish and maintain library and information services/network.
- Publish and disseminate information relating to results of research and. other training courses/programmes.
- Provide consultancy sendees to government departments, public enterprises and institutions for review, improvement of their existing organizations, systems, procedures, training activities and other related subjects.
- Award diplomas, certificates and other distinctions to persons trained and to prescribe standards of proficiency before the award of such diplomas, certificates and other distinctions
- Institute and award fellowships, prizes and medals in accordance with the rules and bye-laws.
- Confer honorary awards and other distinctions.
- Promote, organize, convene, conduct and participate in national and international seminars, conferences, workshops, training programmes and study tours.
- Develop, establish, affiliate regional centres as considered necessary by the society.
- Establish procedures for smooth functioning of the Institute and carry out activities in matters relating to personnel, finance, administration, purchases, management of hostels and other matters
- Construct, maintain, alter, improve or develop any building or works necessary or convenient for the purpose of the society.
- and Do all such other acts and things either alone or in conjunction with the other organization or persons as the society may consider necessary incidental or conducive to the attainment of the objectives of the society.
AJNIFM Logo
"As the source of the livelihood is the wealth for people, human resources are the real wealth of a nation. The wisdom that protects the wealth of the earth, is the real wisdom of polity."
- Kautilya's Arthashastra (Part 15)
AJNIFM Flag
AJNIFM Pledge
OATH OF ALLEGIANCE
I ……………………………………… do swear that I will be faithful and bear true
allegiance to India and to the Constitution of India as by law established.
I will uphold the sovereignty and integrity of India and that I will carry out the
duties of my office as assigned to me by AJNIFM loyally, honestly and with
impartiality.
I will perform my duties to the best of my ability, knowledge and judgment
without fear or favour, affection or ill-will and that I will uphold the Constitution
of India and follow the Memorandum of Association & Rules and Orders of the
Arun Jaitley National Institute of Financial Management Institute in true spirit.
निष्ठा-शपथ
मैं.
निनि द्वारा स्थानपत भारत के संनििाि के प्रनत श्रद्धा एिं सच्ची निष्ठा रख ूँगा ।
मैंभारत की प्रभुता और अखंडता अक्षुण्ण रख ंगा तथा मैंए.जे.एि.आई.एफ.एम. मेंनिए गए
कार्यसनित अपिेपि के कतयव्यं का राजभक्ति, ईमाििारी और निष्पक्षता सेपालि करं गा
।
मैंभर् र्ा पक्षपात, स्नेि र्ा िुभायििा के नििा अपिी सियश्रेष्ठ क्षमता, ज्ञाि और निर्यर् के
अिुसार अपिेकतयव्यं का पालि करं गा तथा भारत के संनििाि के प्रनत सच्ची श्रद्धा रखते
हुए अरुर् जेटली राष्ट्रीर् नित्तीर् प्रिंिि संस्थाि के मेमयरेंडम ऑफ़ एसयनसएशि मेंिनर्यत
निर्मयंएिं आिेशयंका शुद्ध अंतकरर् सेपालि करं गा
AJNIFM Theme Song
An AJNIFM Theme Song was written & composed for the occasion. It was played on AJNIFM Foundation Day 16th January 2023. The lyrics of the song is as follows:
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मेरी आरजू को मिली रशनी इंसानियत को मुझमें विस्तार दिया है |
My desires have found the right direction and the humanity within me has been enriched. |
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न धरती को भूलूं और आसमां भी छू लूं तेरी अलख ने मुझको वो किरदार दिया है |
You nurtured me in such a way that my aspirations of scaling new heights and remaining grounded at the same time are no longer in conflict. |
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धरा ही जीवन का अर्थ है मनुष्यवती भूमिरर्थ: |
(I have realise that) Staying grounded is the essence of Life. Human resources are the real wealth of a Nation |
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हो लोक निहित नीति, शासन में सुशासन साधन को संवारे है, साधक का समर्पण |
I have learnt here that when the intention behind making policies is for the larger good of society then the Governance turns into the good governance. All the learning can happen when the seeker surrenders completely for attaining the knowledge |
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पथ है सतत विकास, न ज्यादा मिले न कम सच्ची हो जीत जब जुनूं को होश का दामन, |
We have learnt that sustainable development is the only path and aspiring for optimum is the only measure. |
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होश ओ जुनून साथ हो ये शर्त है मनुष्यवती भूमिरर्थ: |
However the vigour to do things has to be balanced with wisdom. Human resources are the real wealth of a Nation. |
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उम्मीदों की ज़मीं है ये, सपनों का आसमां मिलता है साधकों को रहमतों का कारवां |
We’ve been filled with hope for a better tomorrow. And the one who completely surrenders to attaining knowledge will surely succeed |
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तेरी लौ ए दानिश, संवरती रहेगी ऊसर को उर्वरा करे, तू ऐसा बागबां |
The flame of knowledge may keep burning brighter within us. Like a diligent and zealous gardener who can turn infertile land to fertile one, you fertile minds, ideas and imaginations the institute cleanses are minds for better learning. |
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सर्वजनहित इसी में निहितार्थ है मनुष्यवती भूमिरर्थ: |
The Institute embodies the principle universal welfare. Human resources are the real wealth of a Nation And I was bestowed with the wisdom that public interest is based upon the realisation that मनुष्यवती भूमिरर्थ: |
Youtube Audio Link -> https:/
Introductory Video
Youtube Video Link -> https:/
