The key objectives of the PFMTS in terms of Memorandum of Associations (Section 4) are as under: -

1. Training and capacity development for the Finance Department and other related stakeholders.
2. To organize conferences, seminars, discussions, workshops as capacity building initiatives in the Pubic Financial Management domain.
3. To collect, analyze, collate, tabulate, and circulate data, statistics, information, etc., to facilitate trainings and capacity development in the Public Financial Management domain.
4. To establish, develop and maintain Public Financial Management Training Institute and its infrastructure including buildings, libraries, academics and IT infrastructure.
5. To establish understanding and collaborative partnerships for facilitating various services including academics, capacity development, research and overall objectives with other organizations and bodies including societies, foundations, companies, corporates, institutions within and outside India on mutual agreed terms.

The Society shall not carry its activities to make a profit.