FM Niramala's Rs 6 lakh Cr plan will it work?
To revive the country from the financial crisis that is going on and expected to get worse. There were some major plans orchestrated by the Modi Government. As india has many billionaire businessmen's the plan seems to use their money and giving them what some the government can give. Nirmala Sitharaman, the Finance Minister, unveiled on monday a Rs 6 lakh crore National Monetisation Pipeline (NMP) to unlock value in infrastructure assets across sectors including power, roads, and railroads.
Asset monetisation, according to FM, does not include selling land and instead focuses on brownfield assets. Roads, trains, and power are among the main categories where projects have been identified. Over the four-year period from FY 2022 to FY 2025, the government expects a total monetisation potential of Rs 6 lakh crores through key assets of the federal government. Asset ownership will stay with the government, and obligatory hand-back will be required. The Union Budget for the years 2021-22 recognised the monetisation of operational public infrastructure assets as a significant source of long-term infrastructure funding.
The projected cost is equal to 14% of the Center's proposed outlay under the National Infrastructure Pipeline (Rs 43 lakh crore) The ultimate goal of this initiative, she said, is to enable "infrastructure creation through monetisation," in which the public and private sectors work together, each excelling in their core areas of expertise, to provide socio-economic growth and a better quality of life for the country's citizens.
Asset monetisation, according to FM, does not include selling land and instead focuses on brownfield assets. Roads, trains, and power are among the main categories where projects have been identified. Over the four-year period from FY 2022 to FY 2025, the government expects a total monetisation potential of Rs 6 lakh crores through key assets of the federal government. Asset ownership will stay with the government, and obligatory hand-back will be required. The Union Budget for the years 2021-22 recognised the monetisation of operational public infrastructure assets as a significant source of long-term infrastructure funding.
The projected cost is equal to 14% of the Center's proposed outlay under the National Infrastructure Pipeline (Rs 43 lakh crore) The ultimate goal of this initiative, she said, is to enable "infrastructure creation through monetisation," in which the public and private sectors work together, each excelling in their core areas of expertise, to provide socio-economic growth and a better quality of life for the country's citizens.