Creation of PM Swasthya Suraksha Nidhi Approved as single non-lapsable Reserve Fund for Health by the Government

Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN) has been approved as a single non-lapsable reserve fund for the share of health by the Union cabinet. The fund is to be the share of the proceeds of health and education cess imposed under the Finance Act, 2007, states an official statement The prominent features of PMSSN being that, it is a non-lapsable reserve fund for health in public account and its shares are a proceed of health and education cess, which is a replacement of the 3% education cess as told by…

Health Spending gets a Special Fund from the centre

The government is set to create a special fund that doesn’t lapse at the end of a financial year, the decision was taken at a Union cabinet meeting on Wednesday. An official statement elaborates the idea, which is to earmark specific funds in a non-lapsable way for centre run healthcare schemes, including those that are meant for giving free healthcare access to 500 million people under Pradhan Mantri Jan Arogya Yojana. Regional imbalances in providing tertiary healthcare under Pradhan Mantri Swasthya Suraksha Yojana will also be included within the fund…