Centre approves non-lapsable fund for Secondary, Higher education

Speed Post News Network

New Delhi : Union Cabinet chaired by PM Narendra Modi on August 16, 2017, accorded its approval  for creation of a non-lapsable pool in the Public Account for secondary and higher, education known as “Madhyamik and Uchchtar Shiksha Kosh” (MUSK) into which all proceeds of “Secondary and Higher Education Cess” will be credited.

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, according to a PIB release.