Lok Sabha Question No. 2337 (UNSTARRED), answered on 2021-12-13
Subject: Disinvestment Target
Ministry: FINANCE
Asked by: Balubhau (Alias Suresh Narayan) Dhanorkar

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF INVESTMENT AND PUBLIC ASSET MANAGEMENT

## LOK SABHA UNSTARRED QUESTION NO. 2337

TO BE ANSWERED ON MONDAY, DECEMBER 13, 2021 AGRAHAYANA 22, 1943 (SAKA)

## DISINVESTMENT TARGET

## 2337. SHRI BALUBHAU ALIAS SURESH NARAYAN DHANORKAR:

Will the Minister of FINANCE be pleased to state:

(a) whether the budgeted disinvestment target for 2020-21 has been met as per Government's assessment;

(b) if so, the details thereof including the proportion of the disinvestment target for 2020-21 which has been achieved as of March 30, 2021, in percentage terms;

(c) if not, the reasons therefor;

(d) whether receipts from disinvestment as a proportion of the total budget have declined since 2014 and if so, the reasons therefor; and

(e) the total disinvestment receipts as a proportion of total receipts for each financial year since 2014?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (DR. BHAGWAT KISHANRAO KARAD)

(a) to (c) :  The Revised Estimate (RE) for disinvestment receipts in 2020-21 was Rs. 32,000 crore. As on 31.03.2021, Government has realized disinvestment receipt of Rs. 32,845 crore which is around 103% of Revised Estimate (RE) in 2020-21.  Due to volatile market conditions arising  from  COVID-19,  the  Revised  Estimates  were  significantly  lower  than  the  Budget Estimates for 2020-21.

(d) and (e): During the period 2014-15 to 2020-21, disinvestment receipts as a proportion of total budget has varied.  Disinvestment of GoI equity in CPSEs depends largely on market sentiment, investor interest, and market valuation of CPSE stocks. With disinvestment over a

period of time, the scope of minority stake sale has declined. Going forward, privatization would be the primary mode for disinvestment receipts. The details of disinvestment receipts as a proportion of total budget receipts (revenue and capital receipts) for each financial year since 2014-15 are as follows:

(Rs. In crore)

|   Year |   Disinvestment Receipts | Total Budget Receipts (revenue+capital)   | Disinvestment Receipts as %of total receipts   |
|--------|--------------------------|-------------------------------------------|------------------------------------------------|
|  24349 |                  1585921 | 1.54%                                     | 2014-15                                        |
|  23997 |                  1774434 | 1.35%                                     | 2015-16                                        |
|  46247 |                  1984089 | 2.33%                                     | 2016-17                                        |
| 100057 |                  2137882 | 4.68%                                     | 2017-18                                        |
|  84972 |                  2316434 | 3.67%                                     | 2018-19                                        |
|  50299 |                  2681360 | 1.88%                                     | 2019-20                                        |
|  32845 |                  3467663 | 0.95%                                     | 2020-21                                        |

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