Page 11 - DHC Budget Book 2021-22 Final

The Indian Finance Minister has done this through various initiatives.
She outlined an aggressive agenda to divest government ownership in two public sector banks and one state-owned insurance company.
She proposed the setting up of an asset reconstruction company to take over the bad loans of banks, providing them with the flexibility to finance their recovery.
She proposed the re-introduction of Development Finance Institutions to provide debt to long- gestation infrastructure projects, addressing a long-term national need.
She proposed a gradual exit of the government from various businesses and public sector units, monetizing a number of national, assets (road, transmission, railway, airport, warehouses and stadiums).
She proposed highway projects in select Indian states, catalysing the Indian infrastructure growth story.
These initiatives represent a decisive structural shift in the country’s move towards privatization, exiting select businesses and leaving wider space for the government to focus on strategic nation- building while empowering the vibrant private sector to drive India into the future.
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