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    India to monetize brownfield assets in a big way – FM Nirmala Sitharaman

    Union Minister Nirmala Sitharaman 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. This was unveiled by Finance Minister Nirmala Sitharaman in New Delhi.

    Finance Minister Sitharaman revealed Ownership of assets remains with the govt. There will be a mandatory hand-back; they will have to give it back after a certain time.

    Speaking at launch event, NITI Aayog CEO Amitabh Kant said that the government will monetise assets between 2021-22 and 2024-25 under the NMP scheme.

    FM Nirmala Sitharaman unveils National Monetisation Pipeline Scheme

    The central government according to the Finance Minister Nirmala Sitharaman and Niti Ayog Amitabh Kant has set a goal of Rs 88,000 crores to be monetised in 2021-22, adding that each ministry has been given an annual target, and this will be monitored through a dashboard.

    The government will not sell off any assets, but only utilise them in a better manner, the finance minister said and emphasised that the entire exercise will generate greater value and unlock resources for economy.

    FM Nirmala Sitharaman added that the pipeline will only include brownfield assets owned by the government and will not include land assets of the government.

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