The Central government plans to raise Rs 50,000 crore through disinvestment and asset monetization, according to Tuhin Kanta Pandey, Secretary of the Department of Investment and Public Asset Management (DIPAM). Additionally, the government expects Public Sector Undertakings (PSUs) to pay out Rs 52,260 crore in dividends in 2024-25. This is higher than the Rs 48,000 crore estimated in the interim budget of February 2024.
The budget also projects a significant increase in dividends from the Reserve Bank of India (RBI), banks, and financial institutions, totaling Rs 2,32,874 crore for FY25. This is more than double the interim budget estimate of Rs 1.02 lakh crore, mainly due to a substantial windfall dividend of Rs 2.11 lakh crore from the RBI.
The budget documents also indicate that the government has set a target of Rs 50,000 crore for capital receipts, the same amount allocated in the interim budget. The revised estimate for the previous fiscal year is Rs 30,000 crore. Pandey mentioned that the Rs 50,000 crore includes expected proceeds from the disinvestment of Central Public Sector Enterprises (CPSEs) and asset monetization efforts.
