Nirmala Sitharaman launches National Monetisation Pipeline 2.0 (NMP 2.0)
Nirmala Sitharaman yesterday launched the second phase of asset monetisation pipeline of Central ministries and public sector entities - ‘National Monetisation Pipeline 2.0 (NMP 2.0)’.
Nirmala Sitharaman yesterday launched the second phase of asset monetisation pipeline of Central ministries and public sector entities - ‘National Monetisation Pipeline 2.0 (NMP 2.0)’. The second phase of the pipeline has been developed by NITI Aayog, in consultation with infrastructure line ministries, based on the mandate for ‘Asset Monetisation Plan 2025-30’ as announced in the Union Budget 2025-26.
The NMP 2.0 estimates aggregate monetisation potential of ₹16.72 lakh crore, including private sector investment of ₹5.8 lakh crore under asset monetisation pipeline of Central ministries and public sector entities, over the five-year period from FY 2026 to FY 2030.
NMP 2.0 was released today in presence of CEO, NITI Aayog and Secretaries of infrastructure line ministries included under the pipeline — Road Transport and Highways, Railways, Power, Petroleum and Natural Gas, Civil Aviation, Ports Shipping and Waterways, Telecommunications, Tourism, Food and Public Distribution, Mining, Coal and Housing and Urban Affairs — along with the Secretaries of Ministry of Finance, Secretary Law, and the Chief Economic Adviser.
In her address at the launch, the Union Finance Minister complimented all the ministries/ departments of the Government and NITI Aayog for meeting nearly 90% of the target of Rs. 6 lakh crore set for 4 years in the implementation of NMP 1.0.
Smt. Sitharaman said that the NMP 2.0 is aligned with the mission of achieving Viksit Bharat through accelerated infrastructure development and that the NMP has the potential to fuel India’s growth momentum.
The Union Minister of Finance observed that the NMP 1.0 was the first of its kind of pipeline at a large scale, and best practices learnt by the authorities concerned should be leveraged in NMP 2.0. Smt. Sitharaman underscored that the learnings and experiences of NMP 1.0 will serve as a guide to ensure that resources and opportunities are optimised to achieve results in a time-bound manner. The Union Finance Minister exhorted all the departments to focus on process simplification and standardisation so that monetisation becomes a seamless experience.
Smt. Sitharaman also noted that the five-year asset monetisation target has been set at an ambitious Rs. 16.7 lakh crore, over 2.6 times higher than that under NMP 1.0, and added that the Ministries/Departments must aim to surpass the indicated targets through proactive efforts.
Highlighting the significance of asset monetisation, the Union Finance Minister said NMP enables recycling of productive public assets, thereby unlocking resources for reinvestment in new projects and capital expenditure. She noted that this approach facilitates efficient mobilisation of funds for CAPEX in public assets while minimising budgetary outgo of the Government.
NMP 2.0 is a culmination of insights, feedback and experiences consolidated through multi-stakeholder consultations undertaken by NITI Aayog, Ministry of Finance and line ministries. Several rounds of discussion have been held by NITI Aayog with the stakeholders. This is a whole of a government initiative.
An empowered Core Group of Secretaries on Asset Monetisation (CGAM) under the chairmanship of Cabinet Secretary will continue to monitor the progress of the Asset Monetisation programme. The Government is committed to making the asset monetisation programme, a value accretive proposition both for public sector and private investors/developers, through improved infrastructure quality and operations & maintenance.
