Union Cabinet approved Pradhan Mantri Swasthya Suraksha Nidhi

Published on March 12, 2021
Current Context: The Union Cabinet has approved Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN).
Union Cabinet approved Pradhan Mantri Swasthya Suraksha Nidhi
  • It is approved as a single non-lapsable reserve fund. It is approved for the share of Health from the proceeds of Health and Education Cess levied under Section 136-b of Finance Act, 2007.
  • The PMSSN is a non-lapsable reserve fund allotted for health in the public account. It is comprised of the proceeds from a share of health in the Health and Education cess.
  • The revenue of this fund will be utilised for the schemes of health ministry like National Health Mission, Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana, Ayushman Bharat - Health and Wellness Centres. The funds will also be used for health emergency cases.
  • The PMSSN will be managed by the Ministry of Health & Family Welfare.
  • The PMSSN will ensure access to the health care services by ensuring that the amount does not lapse at the end of the financial year.

Question: 

Q.1 Recently Union Cabinet approved PMSSN as a single non-lapsable reserve fund What does First ‘S’ signifies in PMSSN?
a. Sarvodaya
b. Swasthya
c. Shipping
d. Single
IBPS RRB Scale II GBO Course 2025

About Me

Ramandeep Singh

Ramandeep Singh

Educator & Banking Expert

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

14+
Years Experience
5000+
Selections
Ex-BoB
Banker
Close Menu
Close Menu