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This is how the government raised more than Rs 3 lakh crore, this target is till 2026

Sagar Patel

By Sagar Patel

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The government has successfully monetized Rs 3.85 lakh crore through assets of various ministries and public sector undertakings (PSEs). In Budget 2021-22, the government announced a plan for monetization of potential core assets of the Central Government and PSEs. The National Monetization Channel (NMP), developed by NITI Aayog in consultation with line ministries, aims to monetize assets over a period of four years starting FY22, with a total of Rs 6 lakh crore assets intended for monetization. That means the government is trying to achieve the target of Rs 6 lakh crore by 2026.

The government is very close to the goal

The government had set a target of Rs 2.5 lakh crore for the first two years of NMP for FY23-24, of which approximately Rs 2.30 lakh crore has been achieved. In FY23-24 alone, against the target of Rs 1.8 lakh crore, the government achieved approximately Rs 1.56 lakh crore, which is a substantial increase of 159 per cent compared to FY21-22. . The Ministry of Road Transport and Highways and the Ministry of Coal emerged as the best performers among individual ministries during FY23-24, collectively monetizing assets worth Rs 97,000 crore.

Great role of NHAI

To facilitate efficient investment planning and expedite the monetization process, the National Highways Authority of India (NHAI) has identified and released a preliminary list of 33 assets scheduled for monetization in FY24-25. Further, NHAI has disclosed the macroeconomic assumptions used to calculate the investment equivalent capital value (IECV) on its website to enhance the transparency of the bidding process.

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So many crores of rupees collected from different ministries

The Coal Ministry’s developments under the NMP are expected to increase investment in coal mining, thereby strengthening the country’s energy security through increased production and supply of coal to thermal power plants. Several ministries made significant achievements in FY23-24 including Ministry of Road Transport and Highways with Rs 40,314 crore, Coal with Rs 56,794 crore, Power with Rs 14,690 crore, Mines with Rs 4,090 crore, Petroleum and natural gas with 9,587 million rupees. Rs, urban development raised Rs 6,480 crore and shipping raised Rs 7,627 crore, all having surpassed 70 per cent of their respective targets.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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