Union finance minister Nirmala Sitharaman on February 23, unveiled the second phase of the Centre’s asset monetisation drive, christened National Monetisation Pipeline 2.0 (NMP 2.0), with an ambitious target of ₹16.72 lakh crore over five years.
Developed by NITI Aayog in consultation with key infrastructure ministries, NMP 2.0 outlines the government’s Asset Monetisation Plan for 2025–30, as announced in the Union Budget 2025–26. The pipeline estimates an aggregate monetisation potential of ₹16.72 lakh crore between FY26 and FY30, including ₹5.8 lakh crore in private sector investment.
The launch event was attended by the CEO of NITI Aayog, secretaries from infrastructure ministries, including road transport and highways, railways, power, petroleum and natural gas, civil aviation, ports, shipping and waterways, telecommunications, tourism, mining, coal and housing and urban affairs, as well as senior officials from the finance ministry, the law ministry and the office of the Chief Economic Adviser.
Addressing the gathering, Sitharaman commended ministries and departments for achieving nearly 90% of the ₹6 lakh crore target set under the first phase, NMP 1.0, over four years. She described NMP 2.0 as aligned with the government’s “Viksit Bharat” vision, positioning asset monetisation as a key lever to accelerate infrastructure development and sustain India’s growth momentum.
Calling NMP 1.0 a first-of-its-kind large-scale initiative, the minister urged departments to leverage lessons learnt to ensure time-bound and outcome-oriented execution under the new phase. She stressed the need for process simplification and standardisation to make monetisation seamless and more efficient.
The ₹16.7 lakh crore target under NMP 2.0 is more than 2.6 times the scale of the first pipeline, underscoring the government’s sharper focus on unlocking value from operational public assets. Sitharaman encouraged ministries to exceed their indicated targets through proactive planning and execution.
Highlighting the broader significance of the programme, she said asset monetisation enables recycling of brownfield public assets, unlocking capital for fresh infrastructure creation without straining the exchequer. The approach, she noted, supports efficient capital expenditure while minimising budgetary outgo.
NMP 2.0 has been shaped through extensive multi-stakeholder consultations led by NITI Aayog, the finance ministry and sectoral ministries. An empowered Core Group of Secretaries on Asset Monetisation, chaired by the Cabinet Secretary, will continue to monitor progress.
The government said it remains committed to making asset monetisation a value-accretive proposition for both the public sector and private investors by improving infrastructure quality, operations and maintenance standards.