The Union Cabinet 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.
Context
The Union Cabinet 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.
Salient features of the PMSSN
- It will be a non-lapsable reserve fund for Health in the Public Account of India;
- The proceeds of share of health in the Health and Education Cess levied under Section 136B of Finance Act, 2007 will be credited into PMSSN;
- The 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
- Ayushman Bharat - Health and Wellness Centres
- National Health Mission
- Pradhan Mantri Swasthya Suraksha Yojana
- Emergency & disaster preparedness and responses during health emergencies
- Any future programme/scheme that targets to achieve progress towards SDGs and the targets set out in the National Health Policy 2017.
- Administration and maintenance of the PMSSN is entrusted to Ministry of Health & Family Welfare; and
- In any financial year, the expenditure on such schemes of the MoHFW would be initially incurred from the PMSSN and thereafter, from Gross Budgetary Support (GBS).
What is non lapsable fund?
If funds released by the government are non-lapsable then the underutilized amount of fund released in a particular year is carried forward to the subsequent year
