Asset monetisation at `33,422 cr this fiscal
The government has monetised assets worth Rs33,422 crore under the National Monetisation Pipeline (NMP) in 2022-23 so far, with the Coal Ministry leading the list by raising Rs17,000 crore, and the Ports and Shipping Ministry surpassing its overall fiscal target, according to sources.
New Delhi: The government has monetised assets worth Rs33,422 crore under the National Monetisation Pipeline (NMP) in 2022-23 so far, with the Coal Ministry leading the list by raising Rs17,000 crore, and the Ports and Shipping Ministry surpassing its overall fiscal target, according to sources. In 2021-22, the government surpassed the programme's first-year target of Rs88,000 crore by completing transactions worth Rs1 lakh crore.
Finance Minister Nirmala Sitharaman in a meeting with NITI Aayog CEO Parameswaran Iyer on November 14 reviewed the progress of NMP implementation. Sources told PTI that according to the government's latest estimate, there is likely to be a shortfall of Rs38,243 crore in realising the overall asset monetisation target of Rs1,62,422 crore in 2022-23.
"Likely realisation from asset monetisation under NMP in the current fiscal has been now estimated at Rs1,24,179 crore," they said. According to sources, while the Ministry of Coal, the Ministry of Mines, and the Ministry of Ports and Shipping are likely to surpass the asset monetisation target, the Ministry of Road Transport and Highways, is on track to achieve the target. The Ministry of Power, the Ministry of Railways, the Ministry of Civil Aviation, and the Ministry of Oil and Gas are likely to miss the target.
