The crucial program is also being monitored by the Cabinet Secretary to ensure that the various ministries, which are part of the plan, are stepping up their efforts to meet the target. Giving details of the strategy, an official said, “We will be very close to the FY22 target and if there is a gap it will not widen.
While the road and power ministries are in line to meet their targets, thanks REIT And ask over, which are like mutual funds, which pool assets, ministries including railways, petroleum, mining and sports are far behind the times. Actually, the biggest backwardness is being seen after the change in the railways.
“The progress needs to be accelerated as it is an important part of the plan,” an official said. Railways has set a target of raising Rs 17,810 crore under the National Monetization Pipeline in the current financial year. Its plan to get the private sector to run passenger trains has received a cold response and is in the works. Progress To revise the conditions, which many believe is being withheld due to the powerful bureaucracy in the ministry.
While executives view REITs and InvITs as safe bets, asset transfers to individual entities are seen as riskier than strategic sales, prompting babus to be “extra cautious”.
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