The Union Cabinet on March 10, 2021 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.
- 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.
- The Pradhan Mantri Swasthya Suraksha Nidhi, PMSSN 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 it.
Salient features of Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN)
- A non-lapsable reserve fund for Health in the Public Account;
- 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, National Health Mission and Pradhan Mantri Swasthya Suraksha Yojana.
- 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).
(Source: PIB)
