I'm sharing the code with you all:
data abc(keep=name column2 column3);
set sashelp.vcolumn;
where libname='WORK' and memname='FAIRVIEW_FIN';
if substr(name,1,1) = '_' then column2 = substr(name, 2, length(name));
else column2=name;
column3=left(trim(name))||'='||column2;
run;
proc sql;
select distinct column3 into: new_column seperated by ' '
from abc;
quit;
run;
data Fairview_fin (rename = (&new_column));
set Fairview_fin;
run;