• The Department of Investment and Public Asset Management (DIPAM), under the Ministry of Finance, has signed an agreement with the World Bank on 16 November 2020 to get advisory services for asset monetisation, with the objective to shore up revenues of the union government.
• Objective: The World Bank advisory project would facilitate and accelerate the non-core asset monetization process and help unlock the value of these unused/marginally used assets which have the potential to substantially augment financial resources for further investments and growth.
• Significance: Analyzing public asset monetization in India, benchmarking institutional and business models against international best practices, supporting development of operational guidelines and capacity building for their implementation.

DIPAM :

• DIPAM mainly handles government’s disinvestment programme.
• It facilitates monetization of non-core assets of government CPSEs (central public sector enterprises) under strategic disinvestment or closure and enemy property of value of Rs. 100 crore and above.
• The government has set a target to raise Rs 2.10 lakh crore from disinvestment in 2020-21. Of this, Rs 1.20 lakh crore is to be raised through CPSE disinvestment.