India's Single Nodal Agency – Samayochit Pranali Ekikrit Shighra Hastantaran (SNA-Sparsh) system, introduced in FY22, has transformed the fund release process for centrally sponsored schemes. By adopting a 'just-in-time' approach, funds are now released only when payments are due, reducing idle cash and lowering borrowing costs for the government. In FY26, ₹1.14 trillion was released through this system, marking an over eightfold increase from the ₹13,851 crore released in FY25. This shift from an advance-based model to a demand-driven one has led to nearly full utilization of sanctioned funds, improving the efficiency of public spending. Economists note that SNA-Sparsh represents a significant change in fiscal management, emphasizing effective spending over mere allocation. However, successful implementation will require strong coordination with state governments to avoid operational challenges. Additionally, India is sharing its digital public finance tools with various countries, enhancing global fiscal management practices.