National Monetisation Pipeline: ₹3.85 lakh crore raised in 3 years meeting 90% of the target

NITI Aayog said in a release on Wednesday, June 20, that the government has monetised ₹3.85 lakh crore of assets in 3 years under the National Monetisation Pipeline (NMP). This figure was almost 90% of the monetisation target set by the government.

Notably, the asset monetisation pipeline of central ministries and public sector entities estimated the aggregate monetisation potential of ₹6 lakh crore through the central government's core assets over a four-year period from FY 2021-22 to FY 2024-25.

The total target for the first two years FY 2021-22 and FY 2022-23 under NMP was around ₹2.5 lakh crore, against which around ₹2.3 lakh crore was achieved.

During the financial year 2023-24, against the target of ₹1.8 lakh crore, the achievement has been around ₹1.56 lakh crore, a PIB release said.

Pursuant to the announcement made in the Union Budget 2021-22, the NMP was prepared by NITI Aayog in collaboration with the concerned infrastructure ministries. It aimed to list potential core assets of central government ministries and public sector enterprises for monetization.

In terms of individual ministries, the ministries of road transport and highways and the ministry of coal were the top two achievers in 2023-24 with a total monetisation of assets worth ₹97,000 crore.

In terms of achievement of individual ministries in FY 2023-24, the ministries of road transport and highways with ₹40,314 crore, coal with ₹56,794 crore, power with ₹14,690 crore, mines with ₹4,090 crore, petroleum and natural gas with ₹9,587 crore, urban affairs with ₹6,480 crore, and shipping with ₹7,627 crore have achieved more than 70% of the target set for them.

The government said that for FY 2024-25, the National Highways Authority of India (NHAI) has already identified and published an indicative list of 33 assets to be monetised to enable investors to plan their investments efficiently.