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FM Sitharaman launches National Monetisation Pipeline scheme, to monetise assets worth Rs 6 lakh crore by 2024-25

NMP will help improve liquidity to increase expenditure in infrastructure by the government, said FM Sitharaman.

August 23, 2021 / 07:21 PM IST
Union Finance Minister Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman

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.

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.

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