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. 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.

NMP Targets and Achievements

• 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
• Shipping Ministry: ₹7,627 crore

Asset Monetisation Strategy

• Private Sector Investment: Aimed at creating new infrastructure and generating employment opportunities.
• NHAI Initiatives: Published an indicative list of 33 assets for monetisation in 2024-25 and provided macroeconomic assumptions for investment calculations.
• Economic Growth and Integration: The initiative seeks to integrate rural and semi-urban areas, fostering overall public welfare.

Background and Purpose

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.