New Delhi: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday launched the second phase of the National Monetisation Pipeline, titled ‘National Monetisation Pipeline 2.0 (NMP 2.0)’. The new phase will guide asset monetisation by Central ministries and public sector entities from FY2026 to FY2030.
NITI Aayog developed NMP 2.0 in consultation with infrastructure ministries. The plan follows the Asset Monetisation Plan 2025-30 announced in the Union Budget 2025–26.
NMP 2.0 estimates a total monetisation potential of Rs 16.72 lakh crore over five years, according to an official statement. This figure includes Rs 5.8 lakh crore in private sector investment. The government aims to unlock value from existing public assets and reinvest the proceeds into new infrastructure projects.
The minister released NMP 2.0 in the presence of the CEO of NITI Aayog and Secretaries from key infrastructure ministries. Senior officials from the Ministry of Finance, the Ministry of Law, and the office of the Chief Economic Adviser also attended the launch.
In her address, Sitharaman praised ministries and departments for achieving nearly 90% of the ₹6 lakh crore target set under NMP 1.0 over four years. She said NMP 2.0 aligns intending to achieve Viksit Bharat through faster infrastructure growth. She added that the expanded pipeline can strengthen India’s growth momentum.
The minister said NMP 1.0 was the first large-scale asset monetisation pipeline in the country. She urged departments to apply lessons learned from the first phase. She called for process simplification and standardisation to make monetisation more efficient.
Sitharaman described the Rs 16.7 lakh crore target as ambitious. She said ministries must work proactively and aim to exceed the targets set under NMP 2.0.
She also highlighted the importance of asset monetisation in recycling productive public assets. The approach unlocks capital for fresh investments and reduces pressure on the government budget. It supports capital expenditure while improving infrastructure quality and maintenance.
NMP 2.0 reflects inputs gathered through consultations among NITI Aayog, the Ministry of Finance, and line ministries. The government has adopted a whole-of-government approach for implementation.
An empowered Core Group of Secretaries on Asset Monetisation, chaired by the Cabinet Secretary, will monitor progress. The government said it remains committed to making asset monetisation value-accretive for both public sector bodies and private investors.
