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NITI Aayog has increased the asset monetization target for FY25 to ₹1.9 trillion.

Economy Business | Dated: 18 Oct 2024

The National Institution for Transforming India (NITI Aayog) has increased its Asset Monetisation (AM) target for the financial year 2024-25 (FY25) by ₹23,000 crore, bringing it to a total of ₹1.9 trillion. This adjustment aims to help achieve the overall target of ₹6 trillion set under the National Monetisation Pipeline (NMP) for the four-year period from FY22 to FY25.

🎯 Key Highlights:

  • - The monetization of highway assets is projected to generate approximately ₹54,000 crore for the central government in the fiscal year 2025 (FY25).
  • - The monetization of coal blocks is expected to raise around ₹55,000 crore.
  • - The estimated revenue from the combined assets of these sectors is nearly ₹46,000 crore.

💡 Other Important Facts:

  • (i) The Centre has begun discussions on a second monetisation pipeline for the next five-year cycle, according to officials.
  • (ii) These monetization efforts are part of a broader strategy to enhance government revenue and improve infrastructure development across the country.

📚 Test Your Knowledge:

What is the revised asset monetization target for FY25 that NITI Aayog has recently set?

Correct Answer: ₹1.9 trillion

🚀 Quick Recap:

About NITI Aayog

  • CEO : B.V.R. Subrahmanyam
  • Headquarters: New Delhi