Which of the following statements is correct with respect to National Monetisation Pipeline?
- It is a four-year plan that aims to unlock greenfield projects by engaging private sector.
- The complete ownership of the projects will be given to the private sector.
Select the correct code:
Correct Answer : d ) Neither 1 nor 2Explanation :
Union Finance Minister Nirmala Sitharaman has launched the National Monetisation Pipeline worth Rs 6 lakh crore. The aim of the plan is to unlock value in brownfield projects (expansion in current infrastructure projects) by transferring revenue rights and not the ownership to the private players and use the generated funds for future infrastructure creation.
NITI Aayog has developed this plan under the announcement made for Asset Monetisation during Union Budget 2021-22. The assets include airports, coal mines, highways, roads, railways, telecom, stadiums, power generation, etc.
Monetisation via disinvestment and Monetization of core assets are not part of the National Monetisation Pipeline.
Therefore, Statements 1 and 2 are incorrect. Hence, option (d) is correct.