The Division is responsible for handling all matters relating to ‘ New PSE policy’ in non-strategic sector : analysis of CPSEs for closure/privatisation ; Preparation of proposals and obtaining approval of competent authority ; Driving of closure process of CPSEs approved for closure ; Capital restructuring and other similar references and coordination with DIPAM ; Cabinet/CCEA/COS Notes and other consultation on above subject so that disinvesting and closure of CPSE approved by Government of India can be done efficiently and smoothly.