Assets worth Rs 33,422 Crore to be monetized by the Government in 2023

Assets worth Rs 33,422 Crore to be monetized by the Government in 2023

Sets have also been asked to achieve goals by identifying additional asset classes.(File)

New Delhi:

So far, the government has monetized assets worth Rs 33,422 crore under the National Monetization Pipeline (NMP) in 2022-23, with the Ministry of Coal leading the list by raising Rs 17,000 crore, and the Ministry of Coal Port and Shipping has surpassed its overall financial target, according to sources.

In 2021-22, the government surpassed the program’s first year target of Rs 88,000 crore by completing transactions worth Rs 1 lakh.

Finance Minister Nirmala Sitharaman during a meeting with Niti CEO Aayog Parameswaran Iyer on 14 November reviewed the progress of NMP implementation.

Sources told PTI that according to the latest government estimates, there is likely to be a shortfall of Rs 38,243 billion in realizing the overall wealth monetization target of Rs 1.62,422 billion in 2022-2023.

They said: “The NMP asset monetization capacity for the current fiscal is estimated at Rs 1,24,179 crore.

According to sources, while the Ministry of Coal, the Ministry of Mines and the Ministry of Ports and Shipping are likely to pass the asset monetization target, the Ministry of Road Transport and Highways is on track to achieve the target. pepper.

The Ministry of Electricity, the Ministry of Railways, the Ministry of Civil Aviation and the Ministry of Oil and Gas are likely to miss the target.

While the Ministry of Coal has so far achieved a monetization value of Rs 17,000 crore, compared to an overall monetization target of Rs 30,000 crore in 2022-2023, the Ministry of Roads, Transport and Highways has reached it. earning Rs 4,100 crore against an overall target of Rs 32,855 crore in the current financials.

Sources say the government is considering linking budget support for ministries with monetization.

Departments have also been asked to achieve targets by identifying additional asset classes.

Sources said Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Madhya Pradesh and Odisha have been identified as the focus states with money-making facilities.

In these states, state highways and highways, transmission networks, urban terminals, and state warehouses were identified as potential assets.

(Except for the title, this story has not been edited by NDTV staff and is published from an aggregated feed.)

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