Madhyamik and Uchchtar Shiksha Kosh (MUSK)  

Highlights of the scheme

• The funds arising from the MUSK would be utilized for schemes in the education sector which would be available for the benefit of students of secondary and higher education, all over the country.
• The major benefit will be enhancing access to secondary and higher education through availability of adequate resources, while ensuring that the amount does not lapse at the end of financial year.

How it is implemented?

1. Accruals into the proposed non-lapsable fund will be made available for expansion of secondary education and higher education.
2. Presently, the Ministry of Human Resources Development envisages that the accruals from the Cess would be utilized in the secondary education for:
   1. Ongoing Rashtriya Madhyamik Shiksha Abhiyan Scheme and other approved programmes including
   1. National Means-Cum-Merit Scholarship Scheme and
   1. National Scheme for Incentives to Girls for Secondary Education.
3. For Higher Education:the accruals would be utilized for:
   1. ongoing Schemes of Interest Subsidy and contribution for guarantee funds, Scholarship for College & University Students;
   1. Rashtriya Uchchtar Shiksha Abhiyan Scholarship (from Block Grant to the institutions) and National Mission on Teachers and Training.
   1. However, the Ministry of Human Resources Development can allocate funds for any programme/scheme of secondary and higher education, based on the requirement & prescribed procedure.
   1. The purpose of levying cess for secondary and higher education is to provide adequate resources for secondary and higher education.
   1. The fund would be operationalized as per the present arrangements under Prarambhik Shiksha Kosh (PSK) wherein the proceeds of cess are used for Sarv Shiksha Abhiyan (SSA) and Mid-Day Meal (MDM) Schemes of the Department of School Education & Literacy.

Fund pattern:

• Accruals from the Cess would be utilized in the ongoing schemes of Secondary and Higher Education. However, the Ministry of Human Resources Development can allocate funds for any future programme/scheme of secondary and higher education, based on the requirement, as per prescribed procedure.
• In any financial year, the expenditure on ongoing schemes of the Department of School Education & Literacy and Department of Higher Education would be initially incurred from the gross budgetary support (GBS) and the expenditure would be financed from the MUSK only after the GBS is exhausted.
• The MUSK would be maintained as a Reserve Fund in the non-interest bearing section of the Public Accounts of India.

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