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Union Government Overachieved the Target of Assets Monetization for FY22

Published on May 15, 2022
Current Context: During the review of the asset monetization plan it has been revealed that the government has monetized the assets worth 96,000 crores for FY22 compared to the target of 88,000 crores.
Union Government Overachieved the Target of Assets Monetization for FY22
  • This has been achieved by state and central governments under the asset monetization program and in upcoming years they have an investment potential of 9 lakh crores.
  • It has also expected that the current year target will get surpassed with 1.6 lakh crore as it was going through various stages of processing.
  • The investors who participated in the asset monetization program were the capital group, Utilico emerging market trust, fidelity investments, HDFC mutual funds, SBI mutual funds, etc.
  • The major sectors which have successfully monetized the assets are the road and highway sector worth 23,000 crores, the power sector achieved 9,500 crores, coal mining fetched 40,000 crores and mining of minerals generated 18,700 crores.
  • The target set by the government for FY22-25 is 6 lakh crore.
  • The next target for FY23 was pegged at 1.67 lakh crore.
  • To achieve this target government has already started working on many sectors with many departments and ministries.

Question:

Q.1 The Government has set a target of ______ in the asset monetization plan for FY23?
a. 1.63 lakh crore
b. 1.67 lakh crore
c. 1.3 lakh crore
d. 1.7 lakh crore
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