Full Form of PVS

What is PVS?

Pre-Vigilance Survey (PVS) is a proactive anti-corruption measure employed primarily by Indian government departments and public sector banks before the implementation of major projects or financial approvals. The survey involves a detailed scrutiny of project plans, vendor contracts, and financial estimates to identify potential loopholes that could lead to fraud or embezzlement. It is typically conducted by the Vigilance Department or an independent agency to ensure transparency and accountability from the outset. PVS is most commonly used in the banking sector before sanctioning large loans, opening new branches, or initiating infrastructure projects. The concept is rooted in the broader vigilance framework championed by the Central Vigilance Commission (CVC) to prevent corruption at the pre-implementation stage. For students preparing for banking and civil services exams in India, understanding PVS is important as questions often appear in the general awareness sections. The survey helps in reducing project delays and cost overruns by addressing vulnerabilities early. In essence, PVS acts as a preventive check rather than a punitive measure, aligning with the government's emphasis on e-governance and transparency. It is an integral part of India's public procurement and vigilance ecosystem.

PVS का फुल फॉर्म

Example

The State Bank of India conducted a PVS before starting construction of its new regional office in Pune.

PVS — frequently asked questions

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