Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman today 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.

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.

About National Monetisation Pipeline 2.0 

The Union Budget 2025-26, building on the success of the first Asset Monetisation pipeline, identified monetisation of operating public infrastructure assets as a key means for sustainable infrastructure financing. Towards this, the Budget provided for preparation of a ‘National Monetisation Pipeline 2.0 (NMP 2.0)’. NITI Aayog in consultation with infra line ministries has prepared the report on NMP 2.0. 

NMP 2.0 aims to provide a medium-term roadmap of the programme for public asset owners; along with visibility on potential assets to private sector. Report on NMP 2.0 is structured as a guidance book, detailing the methodology, and roadmap for monetisation.

Framework: NMP 2.0 shall broadly follow the concept of asset monetisation as laid out in NMP 1.0. Asset monetisation shall comprise elements such as transfer of assets for a limited period, divestment of portions of listed entities to unlock additional capital, securitisation of cash flows or strategic commercial auctions. 

The approach to estimation of monetisation potential under NMP 2.0 is divided into five stages:

The proceeds from asset monetisation projects are allocated to four different heads depending on the implementing agency of the project, as well as the project’s mode of monetisation. 

• Consolidated Fund of India: Any type of Government revenue from a monetisation project that is implemented by a Central Ministry (for example, revenue share, premium, lease rental, royalty) shall flow to Consolidated Fund of India.
• PSU/Port Authorities allocation: Proceeds from monetisation activities undertaken by PSUs shall accrue to the concerned PSU (similar norm shall be followed for Major Port Authorities). 
• State Consolidated Fund: Certain projects under NMP 2.0 are expected to generate revenues to the State Governments, especially those belonging to the mines and coal sectors (royalty payments). These proceeds shall accrue to State Consolidated Fund.
• Direct investment (private): This head shall record the investment by the private sector in monetisation projects that involve construction and/or major maintenance components. 

NMP 2.0 award targets: The aggregate asset pipeline under NMP 2.0 over the five-year period, FY 2026-2030, is indicatively valued at INR 16.72 Lakh Crore including private sector investment of INR 5.8 Lakh Crore. The sectors included are highways (including MMLPs, ropeways), railways, power, petroleum and natural gas, civil aviation, ports, warehousing and storage, urban infrastructure, coal, mines, telecom and tourism.

The following tables- Table-1 and Table-2 provide the details of sectoral targets under NMP 2.0 for the entire five-year period and annual phasing of NMP 2.0 targets sector wise respectively.

Table -1: Sector-wise NMP 2.0 Award Targets over FY 2026-30 (in INR Crore) 

Table 2: NMP 2.0 award phasing of Total Monetisation Value, FY 26 – FY 30            

    (in INR Crore)