For the second straight year, Railways is set to fall way short of the asset monetisation target due to the reluctance of the state-run transporter to move on the path cleared by PM Narendra Modi. This has prompted the Centre to consider linking the release of the annual allocation to the fund generation through asset monetisation.
Against the target of over Rs 57,000 crore, railways may only raise Rs 30,000 crore due to its reluctance to let the private sector run trains or modernise stations through the public-private partnership (PPP) route. Even last year, the first year of the implementation of the Rs 6-lakh-crore National Asset Monetisation Pipeline, railways managed to rake in Rs 800 crore against a target of Rs 17,810 crore - 4.5% of the annual goal.