Govt Plans to Sell Stake in 23 PSUs : Sitharaman

Finance Minister Nirmala Sitharaman said that the government is in the process of selling its stake in about 23 PSUs. The Cabinet has already approved proposals for disinvestment in these ventures. The minister also said that she would soon hold a meeting with small-loan companies and non-banking finance companies to review the loans being extended to businesses.

Sitharaman said in a conversation with Sunil Kant Munjal, chairman of Hero Enterprises, that the government had announced the opening of all areas for private participation under the Atmanirbhar Bharat Package. She said, “We have not taken a final decision on this so that is why I cannot say anything now but in those areas which we are going to call strategic, the private sector will definitely be allowed to come.”

The government has set a target of disinvestment of Rs 2.10 lakh crore for the financial year 2020-21. Of this, Rs 1.20 lakh crore will come from disinvestment of PSUs while Rs 90,000 crore will come from stake sale in financial institutions.