Assets worth Rs 26,000 crore monetised in FY23: NITI Aayog

The government has monetised assets worth ₹26,000 crore during FY23 against the target of ₹1.6 lakh crore for the current fiscal while proposal pipeline aggregating to ₹1.23 lakh crore is currently at various stages of processing, the NITI Aayog said.

This takes the total monetisation value realized in FY22 and FY23 to ₹1.14 lakh crore which is 19% of the target of ₹6 lakh crore set under the National Monetisation Pipeline over a four year period (FY22-25) with ₹88,000 crore achieved in FY22.

“Core asset monetisation was identified as one of the country’s three pillars for enhanced and sustainable infrastructure financing in the Union Budget 2021-22, the Aayog has said in its Annual report 2022-23.

“Since its launch, NITI Aayog has worked closely with the ministries on investment and transaction structuring, reviewing progress, and deliberating on inter-ministerial and structural issues,” it added.

According to the Aayog, the target set for FY22 (Rs 88,000 crores) was achieved, while the pipeline of proposals aggregating to Rs 1.4 lakh crore is at various stages of processing by the ministries concerned.

Further, an aggregate target of Rs 1,62,422 crores was envisaged for FY23, of which transactions with monetisation value in accruals and or investments of Rs 26,000 crores have been completed while the proposal pipeline aggregating to Rs 1.23 lakh crore is currently at various stages of processing, it said.

Commenting on its State Support Mission, the Aayog said it has received requests from states such as Rajasthan, Puducherry, Chhattisgarh, Chandigarh, and Nagaland seeking knowledge and technical support from NITI Aayog to prepare state vision documents and development strategies.

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