India has set its disinvestment target for financial year 2025 at ₹50,000 crore. Additionally, the financial year 2024 disinvestment target has been cut to ₹30,000 crore.
The government had earlier pegged the financial year 2024 disinvestment target at ₹51,000 crore.
As of date, the government has managed to garner ₹12,504 crore in financial year 2024 through stake sale in various companies like SJVN and NHPC among others.
The government expects dividends worth ₹48,000 crore from state-run companies in financial year 2025 as per details in the budget documents.
In combination with the Reserve Bank of India and other state-run banks, the government expects total dividends worth ₹1.5 lakh crore. Of this, ₹1.02 lakh crore will come from the RBI and PSU banks.
For financial year 2024, the government has increased the dividend receipts from the Reserve Bank of India and PSU banks to ₹1.04 lakh crore.
First Published: Feb 1, 2024 12:22 PM IST
