Assets worth Rs 3.85 trillion monetised by the Govt in 3 years

21 Jun 2024 CW Team

In the first three years of the period between financial years 2021?22 and 2024?25, the government was able to monetarily exploit assets valued at Rs 3.85 trillion through the National Monetization Pipeline, as per a statement released by NITI Aayog. The National Monetization Pipeline, unveiled by Finance Minister Nirmala Sitharaman in August 2021, calls for the sale of brownfield assets under central government ministries and public sector entities valued at Rs 6 trillion over a four-year period, from 2021?2022 to 2024?2025. Under the National Monetization Pipeline (NMP), a target of around Rs. 2.5 trillion was set for the first two years, 2021?2022 and 2022?2023. Of that amount, approximately Rs. 2.30 trillion was realised. In the fiscal year 2023?24, approximately Rs. 1.56 trillion was achieved against the aim of Rs. 1.8 trillion?the largest amount of any of the four years. Additionally, the accomplishment in 2023?2024 represents almost 159% of the accomplishment in 2021?2022,? NITI Aayog stated in a statement. The task of creating the National Monetization Pipeline fell to the public policy think tank. According to the release, the top two scorers in 2023?24 with a combined achievement of Rs. 970 billion were the Ministries of Coal and Road Transport and Highways. The National Highways Authority of India has already identified 33 assets to be monetised during 2024?25.

Monetisation of assets in 2023?24 under the Ministry of Road Transport and Highways was at Rs. 403 billion, the Ministry of Coal at Rs. 567 billion, the Ministry of Power at Rs. 146 billion, the Ministry of Mines at Rs. 40 billion, the Ministry of Petroleum and Natural Gas at Rs. 95 billion, the Department of Urban Development at Rs. 64.80 billion, and the Ministry of Ports, Shipping, and Waterways at Rs. 76.2 billion.

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