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Government monetises ₹1.56 Lakh Crore in FY24 under National Monetisation Pipeline
The government monetised assets worth ₹1.56 lakh crore under the National Monetisation Pipeline (NMP) in the financial year 2023-24, falling short of the target of ₹1.8 lakh crore.
Dr.G.R.Balakrishnan Jun 24 2024 Exim News

Government monetises ₹1.56 Lakh Crore in FY24 under National Monetisation Pipeline

This performance represents approximately 159% of the achievement in 2021-22. The NMP aims to unlock the value of brownfield infrastructure assets, with a total monetisation potential estimated at ₹6 lakh crore over a four-year period from FY22 to FY25.

·         Aggregate Monetisation Potential: ₹6 lakh crore over FY22 to FY25.

·         First Two Years (2021-22, 2022-23): Target of ₹2.5 lakh crore; achievement of ₹2.30 lakh crore.

·         FY24 Achievement: ₹1.56 lakh crore against a target of ₹1.8 lakh crore.

Ministry-wise Monetisation in FY24:Road Transport and Highways: ₹40,314 crore; Coal Ministry: ₹56,794 crore; Power Ministry: ₹14,690 crore; Mines Ministry: ₹4,090 crore; Petroleum and Natural Gas: ₹9,587 crore; Urban Ministry: ₹6,480 crore and Shipping Ministry: ₹7,627 crore

The NMP, announced in the Union Budget 2021-22 and prepared by NITI Aayog with infrastructure ministries, aims to tap private investment for infrastructure development and drive high economic growth through asset monetisation.