The Union Cabinet today approved the Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN) as a single non-lapsable reserve fund for share of Health from the proceeds of Health and Education Cess levied under Finance Act, 2007.
The major benefit of PMSSN will be enhanced access to universal and affordable health care through availability of earmarked resources, while ensuring that the amount does not lapse at the end of financial year.
It is a non-lapsable reserve fund for Health in the Public Account and Proceeds of share of health in the Health and Education Cess will be credited into PMSSN.
The accruals into the PMSSN will be utilized for the flagship schemes of the Ministry of Health and Family Welfare namely- Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana, Ayushman Bharat – Health and Wellness Centres and National Health Mission and Pradhan Mantri Swasthya Suraksha Yojana.
The administration and maintenance of the Pradhan Mantri Swasthya Suraksha Nidhi is entrusted to the Health Ministry and in any financial year, the expenditure on such schemes would be initially incurred from the PMSSN and thereafter, from Gross Budgetary Support.
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