Government monetises assets worth Rs 1.56 lakh crore under NMP in FY24
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The government has monetised assets worth Rs 1.56 lakh crore under the National Monetisation Pipeline (NMP) in the financial year 2023-24 (FY24), lower than the target of Rs 1.8 lakh crore. Under the NMP, the aggregate monetisation potential of the central government’s brownfield infrastructure assets has been estimated at Rs 6 lakh crore over a four-year period, from FY22 to FY25.
The total target for the first two years - 2021-22 and 2022-23 - under NMP was around Rs 2.5 lakh crore, against which around Rs 2.30 lakh crore was achieved. During FY24, against the target of Rs 1.8 lakh crore, which is the highest among all the four years, the achievement has been around Rs 1.56 lakh crore. Further, this achievement in 2023-24 is around 159 per cent of 2021-22.
The ministries of road transport and highways monetised assets worth Rs 40,314 crore in FY24, while the amounts for coal ministry was Rs 56,794 crore, power (Rs 14,690 crore), mines (Rs 4,090 crore), petroleum and natural gas (Rs 9,587 crore), urban (Rs 6,480 crore), and shipping (Rs 7,627 crore). All these ministries achieved 70 per cent of their monetisation targets. Asset monetisation is aimed at tapping private sector investment to create new infrastructure.
