Cabinet approves creation of Pradhan Mantri Swasthya Suraksha Nidhi
New Delhi, 10 March (HS): The Union Cabinet, chaired by Prime Minister Narendra Modi has 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 Section 136-b of Finance Act, 2007.
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.
In addition accruals into the PMSSN will be utilized for the flagship schemes of the Ministry of Health & Family Welfare namely, Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) and others.
According to the Ministry official the major benefit included to enhanced access to universal & affordable health care through availability of earmarked resources, while ensuring that the amount does not lapse at the end of financial year.
