NMP 2.0
NMP 2.0 launched: Sitharaman targets ₹16.7 lakh crore infrastructure monetisation
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday launched the second phase of the asset monetisation pipeline of Central ministries and public sector entities — the National Monetisation Pipeline 2.0 (NMP 2.0).
The second phase has been developed by NITI Aayog in consultation with infrastructure line ministries, in line with the mandate for the Asset Monetisation Plan 2025–30 announced in the Union Budget 2025–26.
NMP 2.0 estimates an aggregate monetisation potential of ₹16.72 lakh crore over the five-year period from FY 2026 to FY 2030. This includes ₹5.8 lakh crore in private sector investment under the asset monetisation pipeline of Central ministries and public sector entities.
The initiative was formally released in the presence of the CEO of NITI Aayog and Secretaries of key infrastructure ministries, including 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. Senior officials from the Ministry of Finance, the Ministry of Law, and the Chief Economic Adviser were also present.
Addressing the gathering, Sitharaman commended the ministries and NITI Aayog for achieving nearly 90% of the ₹6 lakh crore target set for four years under NMP 1.0.
She said NMP 2.0 aligns with the broader vision of achieving Viksit Bharat through accelerated infrastructure development and has the potential to further strengthen India’s growth momentum.
Describing NMP 1.0 as a first-of-its-kind large-scale initiative, the Finance Minister emphasised that best practices and lessons learned must be effectively leveraged in NMP 2.0. She underscored that insights gained from the first phase should guide efforts to optimise resources and ensure timely outcomes.
Sitharaman urged all departments to prioritise process simplification and standardisation to make asset monetisation seamless and efficient.
She highlighted that the new five-year target of ₹16.7 lakh crore is ambitious—over 2.6 times higher than that under NMP 1.0—and encouraged ministries to exceed the indicated goals through proactive measures.
Explaining the significance of asset monetisation, she said the programme enables the recycling of productive public assets, unlocking resources for reinvestment in new projects and capital expenditure (CAPEX). This approach, she noted, facilitates efficient fund mobilisation for public infrastructure while minimising the government’s budgetary burden.
NMP 2.0 is the outcome of extensive multi-stakeholder consultations conducted by NITI Aayog, the Ministry of Finance, and line ministries. Several rounds of discussions were held with stakeholders, making it a comprehensive, whole-of-government initiative.
An empowered Core Group of Secretaries on Asset Monetisation (CGAM), chaired by the Cabinet Secretary, will continue to monitor the programme’s progress. The government remains committed to ensuring that the asset monetisation initiative is value-accretive for both the public sector and private investors, while improving infrastructure quality, operations, and maintenance.
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