FY24 asset monetisation falls below target

New Delhi: The central government and central public sector enterprises are estimated to monetise assets worth Rs 1.50 lakh crore, lower than the target of Rs 1.75 lakh crore.

Under the National Monetisation Pipeline, 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 FY 2022 to 2025. In an interview, (DIPAM) Secretary ‘Tuhin Kanta Pandey’ said ‘Rs 1.75 lakh crore was the target for asset monetization this year andwe are going to achieve Rs 1.50 lakh crore through monetisation’. He said monetisation is going on through infrastructure investment trust, TOT in mining, road and power sector and is beginning to happen in the petroleum sector. "The asset monetisation proceeds do not visibly appear in the budget to the extent NHAI does it and the receipts are with the government that is only reflected in the budget’’. Asset monetization is aimed at tapping private sector investment for new infrastructure creation. It also creates employment opportunities, by enabling high economic growth and integrating the rural, semi-urban areas for overall public welfare.