The NMP, unveiled by Finance Minister Nirmala Sitharaman in August 2021, has achieved ₹3.9 trillion in the first three years, ending in 2023-24, against a target of ₹4.3 trillion. However, even with the revised target of ₹1.9 trillion for the final year of FY25, the government will miss the ₹6 trillion asset monetisation target by roughly ₹20,000 crore.
After several rounds of inter-departmental discussions in August, the Aayog - the central policy think tank and nodal monetisation department - finalised the target for FY25, according to an official familiar with the development.
Asset monetisation involves engaging private operators for government-owned, revenue-generating assets. The purpose of the pipeline is to recycle capital to feed into the ₹111 trillion National Infrastructure Pipeline.
In FY25, highway monetisation is expected to generate ₹54,000 crore for the Centre, while coal block monetisation is likely to bring in ₹55,000 crore.
This story is from the October 10, 2024 edition of Business Standard.
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This story is from the October 10, 2024 edition of Business Standard.
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