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 the Finance minister Nirmala Sitharaman while announcing the Ayushman Bharat scheme in the 2018 budget speech.

The flagship schemes of the government such as Ayushman Bharat-Health and Wellness Centres (AB-HWCs), Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), Pradhan Mantri Swasthya Suraksha Yojana (PMSSY), National Health Mission, Emergency and disaster preparedness and responses during health emergencies are to utilize the accruals of the fund. Any future scheme/programme that aims to progress towards SDGs as well the targets set out in National Health Policy (NHP) 2017 will also be included in the PMSSN.

According to the statement, the health ministry is entrusted with the maintenance and administration of the PMSSN. The expenditure of such schemes of MoHFW, in any financial year, will initially be done from the PMSSN and later on, from Gross Budgetary Support (GBS). This scheme will enhance the access to universal and affordable healthcare through availability of earmarked resources and will also ensure the non-lapsing of the amount at the end of the financial year.

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