Which of the following statements is/are correct with reference to the Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN)?

A. It is a non-lapsable reserve fund for Health in the Public Account.

B. Proceeds of share of health in the Health and Education Cess will be credited into PMSSN.

C. Both A & B

D. None of these

Explanation:

The Union Cabinet, chaired by Prime Minister Narendra Modi has 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. It is 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.