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Centre brings NMP plan to raise a value of Rs 6 lakh crore
By: Tupaki Desk | 24 Aug 2021 1:01 PM GMT
The Union Government under the leadership of Prime Minister Narendra Modi had came up with the idea to monitise the assets owned by the Centre to raise funds. A few assets were monitisee by the government earlier.
To implement the idea, the Centre had launched the National Monetisation Pipeline (NMP) plan that aims at raising as many as Rs 6 lakh crore worth through monitising various assets.
The funds raised through the plan would be invested in created varuous infrastructure facilities across the country. Union Finance Minister Nirmala Sitharaman had unvieled the plan.
As per the plan, the assets of Roads, Railways, Power Sectors, Telecom, Mining, Aviation, Ports, Natural Gas, Stadiums and others would be monitised. However, Roads, Railways and Power Sector are going to be the main contributers of the monitisation.
The Union Finance Minister made it clear that despite the assets used for monitisation purposes, the Government holds the ownesahip over the assets and the assets can be pulled back at any time if any problem occurs.
Sharing more details, Nirmala Sitharaman said, the main motto behind bringing the four year NMP plan is to raise more value so that it can be used in infrastructure facilities.
To implement the idea, the Centre had launched the National Monetisation Pipeline (NMP) plan that aims at raising as many as Rs 6 lakh crore worth through monitising various assets.
The funds raised through the plan would be invested in created varuous infrastructure facilities across the country. Union Finance Minister Nirmala Sitharaman had unvieled the plan.
As per the plan, the assets of Roads, Railways, Power Sectors, Telecom, Mining, Aviation, Ports, Natural Gas, Stadiums and others would be monitised. However, Roads, Railways and Power Sector are going to be the main contributers of the monitisation.
The Union Finance Minister made it clear that despite the assets used for monitisation purposes, the Government holds the ownesahip over the assets and the assets can be pulled back at any time if any problem occurs.
Sharing more details, Nirmala Sitharaman said, the main motto behind bringing the four year NMP plan is to raise more value so that it can be used in infrastructure facilities.
