On Monday, the Government announced a Rs 6 lakh crore National Monetisation Plan for monetising infrastructure assets across sectors from rail to the road to power. NITI Aayog CEO Amitabh Kant said projects have been identified to monetise assets over the next four years.
Union government on August 23 announced that it will monetise assets worth Rs 6,00,000 crore between 2021-22 and 2024-25 under the National Monetisation Pipeline (NMP) scheme, which was launched by Finance Minister Nirmala Sitharaman in New Delhi.
Finance Minister Nirmala Sitharaman said assets being given out under the National Monetisation Pipeline will still be owned by the government and will be returned to the government after a period of time.
She added that the NMP will help improve liquidity to increase expenditure in infrastructure by the government.
Among other details, FM Sitharaman said that in the four-year pipeline of the Centre’s brownfield infrastructure assets, there is land involved in NMP only brownfield assets.