Explanation:

Explanation:  Statement 1 is incorrect: The National Monetisation Pipeline (NMP) focuses on unlocking the capital from non-strategic underperforming government-owned assets rather than just the strategic assets. Its aim is to reinvest these funds into new infrastructure projects, enhancing the economic utility of these assets.  Statement 2 is incorrect: NMP envisages an aggregate monetisation potential of 6- lakh crore. This is expected to be achieved through the leasing of core assets of the Central government in diverse sectors such as roads, railways, power, and more over a four-year period (FY 2022-25). The aim is to enhance the effi ciency of the assets and generate funds for further development projects.  Statement 3 is correct : NMP is an innovative initiative designed to rejuvenate the economy by tapping into the potential of underutilised public assets. By doing so, it aims to create employment opportunities, generate funds for new infrastructure projects, and enhance the overall competitiveness of the Indian economy. Supplementary Notes National Monetisation Pipeline  The National Monetisation Pipeline (NMP), introduced in August 2021, aims to tap into institutional and long-term capital to unlock the value of investments in brown fi eld public sector assets. It anticipates a monetisation potential of 6-lakh crore by leasing core assets in sectors including roads, railways, power, and telecom, over a four-year period (FY 2022-25).  The initiative stems from the underperformance of Public Sector Enterprises due to reasons such as cost overruns, overcapitalisation, and excessive government control. The NMP promises to revitalize the economy, capitalize on underutilised public assets, and further the competitive edge of the Indian market.

However, the NMP isn’t devoid of challenges. Concerns arise from the taxpayers’ perspective, as they’ve already fi nanced these public assets. Critics also fear a cycle where assets are created and then monetised once they become governmental liabilities.  There are sector-speci fi c challenges, like capacity underutilisation and regulated tariffs. A crucial criticism is the potential monopolisation in sectors like highways and railways, which could increase prices.  The broader scope of the initiative is also in question, given the current global challenges like climate change and geopolitical turmoil, alongside India’s internal issues like endemic poverty and institutional erosion.