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Option 4 : National Infrastructure Pipeline
The correct answer is National Infrastructure Pipeline.
- NIP stands for National Infrastructure Pipeline.
- The National Infrastructure Pipeline (NIP) was announced in December 2019 by Finance Minister Nirmala Seetharaman.
- The NIP was launched with 6835 projects; and as Union Budget 2021-22, the project pipeline has now expanded to 7,400 projects.
- Around 217 projects worth Rs. 1.10 lakh crores under some key infrastructure Ministries have been completed.
- In the Union Budget 2021-22, the government propose to take the following steps
- by creating the institutional structures;
- by a big thrust on monetizing assets,
- by enhancing the share of capital expenditure in central and state budgets.
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