Government has Rs 33,422 crore from asset monetization, till date in FY23

22 Nov 2022 , 10:13 AM

According to reports, the government has already monetized assets worth Rs 33,422 crore under the National Monetization Pipeline (NMP) for 2022—2023; the Coal Ministry has raised the most money, at Rs 17,000 crore, and the Ports and Shipping Ministry has surpassed its total budgetary target.

By executing transactions of Rs 1 lakh crore in 2021—2022, the government exceeded the program’s first-year objective of Rs 88,000 crore. The execution of the NMP was discussed by Finance Minister Nirmala Sitharaman and Niti Aayog CEO Parameswaran Iyer on November 14. According to sources who spoke to PTI, the government’s most recent assessment indicates that it will be difficult to reach its overall asset monetisation goal of Rs 1,62,422 crore in 2022—2023, which is expected to result in a shortfall of Rs 38,243 crore.

They stated that the current fiscal’s “likely recovery from asset monetisation under NMP has now been projected at Rs 1,24,179 crore.” According to sources, the Ministry of Road Transport and Highways is on track to meet the asset monetisation objective, while the Ministry of Coal, the Ministry of Mines, and the Ministry of Ports and Shipping are likely to exceed it.

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