New Delhi: Finance Minister Nirmala Sitharaman on Monday announced Rs 6 lakh crore National Monetisation Plan through core assets of the Central government over the four-year period from FY 2022 to FY 2025.
According to Sitharaman, the National Monetisation Pipeline (NMP) focuses only on under-utilised brownfield assets in which investments have already been made but these assets are under-utilised.
"Asset monetisation, based on the philosophy of creation through monetisation, is aimed at tapping private sector investment for new infrastructure creation," Sitharaman said.
Finance Ministry has identified that these under-utilised brownfield assets are in sectors such as roads, railways, airports, mines, and power.
Sitharaman said that the NMP is necessary for creating employment and triggering high economic growth.
"This is necessary for creating employment opportunities, thereby enabling high economic growth and seamlessly integrating the rural and semi-urban areas for overall public welfare," she said.
Furthermore, the NMP will bring in private capital which will be used for infra creation, she added.