Finance Minister Launches National Monetisation Pipeline 2.0

24 Feb 2026

On 23rd February 2026, the Union Finance Minister launched the second phase of the National Monetisation Pipeline (NMP 2.0), outlining an estimated asset monetisation potential of ₹16.72 lakh crore for FY 2026-2030.

Key Points

Success of NMP 1.0: Nearly 90% of the ₹6 lakh crore target under NMP 1.0 was achieved, laying the foundation for the expanded second phase.
2.6 Times Higher Target: The new target is more than 2.6 times the size of the first phase, reflecting an ambitious push toward infrastructure financing.
Sectors Covered: Major sectors include highways (₹4.42 lakh crore), railways (₹2.62 lakh crore), power (₹2.76 lakh crore), ports (₹2.63 lakh crore), coal (₹2.16 lakh crore), mines (₹1 lakh crore), urban infrastructure (₹52,000 crore), civil aviation, telecom, tourism and others.
Funding Allocation Mechanism: Proceeds will flow to the Consolidated Fund of India, concerned PSUs/Port Authorities, State Consolidated Funds (in select cases), and through direct private sector investment depending on the asset type.
Monetisation Instruments: Transactions may be executed through Public-Private Partnership concessions, Infrastructure Investment Trusts (InvITs), securitisation of cash flows and strategic commercial auctions.
Recycling Public Assets: The programme enables unlocking value from operational public assets to reinvest in new infrastructure projects and capital expenditure.
Monitoring Framework: An empowered Core Group of Secretaries on Asset Monetisation, chaired by the Cabinet Secretary, will oversee implementation and progress.
Annual Phasing: Monetisation is projected to increase progressively from ₹2.49 lakh crore in FY26 to ₹3.81 lakh crore in FY30.