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The Union Cabinet has approved the Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN) as a single non-lapsable reserve fund for the share of health from the proceeds of health and education cess levied under Finance Act, 2007, an official statement said.

The salient feature of PMSSN is that it is a non-lapsable reserve fund for health in the public account and proceeds of the share of health in the health and education cess will be credited into PMSSN, the statement said.

The accruals into the PMSSN will be utilised for the flagship schemes of the Health Ministry such as Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), Ayushman Bharat – Health and Wellness Centres (AB-HWCs), National Health Mission, Pradhan Mantri Swasthya Suraksha Yojana (PMSSY), Emergency and disaster preparedness, and responses during health emergencies and any future programme/scheme that targets to achieve progress towards SDGs and the targets set out in the National Health Policy (NHP) 2017.

The administration and maintenance of the PMSSN are entrusted to health ministry 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), the statement said.

“The major benefit 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 the financial year,” the statement said.

In the budget speech 2018, the finance minister while announcing Ayushman Bharat Scheme, also told about replacement of the existing 3 percent education cess by 4 percent health and education cess.