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FM Announces Rs 6 trillion Asset Monetisation Plan

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman holding a press conference on Cabinet Decisions, in New Delhi on July 28, 2021.

Finance minister Nirmala Sitharaman has announced a National Monetisation Pipeline (NMP) that aims at tapping private sector investment to fund infrastructure creation. Core assets of the central government worth Rs 6 lakh crore across roads, railways, power, oil and gas, telecom and other sectors will be monetised over four years ending 2024-25. According to the plan, Rs 88,000 crore will be raised through asset monetisation in the current fiscal. The FM said the plan involves de-risked and brownfield assets with stable revenue generation profile.

Niti Ayog vice-chairperson Rajiv Kumar made it clear that it is a structured contractual partnership and not privatization or slump sale of assets. The government continues to be the primary owner of the assets listed for monetisation. The plan aims to deliver infra services while ensuring affordability and access to the public. Niti Ayog CEO Amitabh Kant added that NMP will have a multiplier effect on the economy that will revive growth, employment and credit flow


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