Govt fundraising drive hits high gear

Screenshot 2026-06-17 015528


New Delhi | Mumbai: The government’s bid to shore up its non-tax revenue got off to a strong start, with public asset monetisation in two-and-a-half months nearing 30% of last fiscal year’s total, and disinvestment income already inching closer to the fiscal-2026 proceeds.

Public asset monetisation contributed ₹6,367 crore to the consolidated fund of India till June 15, government data showed, compared with ₹21,732 crore in all of FY26. The government has also garnered ₹13,389 crore by selling small stakes in several companies, or nearly 80% of its ₹16,886 crore disinvestment revenue in the last fiscal year ended March 31.

The government is ramping up efforts to beat its combined FY27 disinvestment and asset monetisation target of ₹80,000 crore, against last fiscal year’s actual realisation of ₹45,307 crore, officials said. The combined divestment and monetisation income at ₹19,756 crore so far has already reached almost a quarter of the annual target.

Read more: India meets FY26 fiscal deficit target of 4.4% of GDP; revenue deficit at 1.55%

Much of the fundraising often takes place in the second half of a fiscal year.

The overall asset monetisation target for ministries and state-run entities under them is set at Rs 3.26 lakh crore for 2026-27. The proceeds are typically allocated to different heads, depending on the agencies implementing the projects and the mode of monetisation. So, only a part of the resource mop-up through asset monetisation flows to the consolidated fund while a major chunk of it goes to relevant state-run entities.

The government has stopped announcing separate disinvestment and asset monetisation targets for two years now.

Also Read: India’s industrial output in April slows on year to 4.9% under new series
The disinvestment and asset monetisation efforts are being monitored on a weekly basis at the highest level in the finance ministry. “There is increased focus on monetisation…All ministries are actively looking at it,” a senior government official told ET.

Strong divestment and asset monetisation drives remain crucial this fiscal year, as the government scours for resources to meet any extra spending requirements or make up for any revenue shortfall in the wake of the West Asia conflict.Of the ₹3.26 lakh crore broader monetisation target for FY27, ₹68,770 crore is estimated to come from assets in the highways, multi-modal logistic parks and the ropeways segment. The other key contributors would be railways (₹58,451 crore), ports (₹55,729 crore), power (₹54,450 crore) and coal (₹48,170 crore).



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