National Monetisation Pipeline 2.0 (NMP 2.0)
Why in news?
National Monetisation Pipeline 2.0 (NMP 2.0) launched in late February 2026 by Finance Minister Nirmala Sitharaman as the second phase of India's asset monetisation initiative.
About NMP 2.0
- Second phase of India’s asset monetisation programme, launched by Finance Minister in February 2026.
- Developed by NITI Aayog in consultation with infrastructure ministries.
- Provides a medium-term roadmap (FY2026–FY2030) for monetising operational public infrastructure assets.
- Goal: Unlock value from brownfield assets to generate resources for new infrastructure and capital expenditure.
Key Targets
- Total monetisation potential: ₹16.72 lakh crore over 5 years.
- Private sector investment: ₹5.8 lakh crore expected.
- GDP impact: Projected to add ~₹40 lakh crore to India’s GDP over the next 5–10 years.
Sectors Covered
NMP 2.0 spans 12 sectors, including:
- Energy: GAIL, Coal India (partial disinvestment, IPOs, stake dilution).
- Transport: Airports Authority of India (AAI), railways, roads.
- Tourism & Hospitality: Redevelopment of government-owned hotels.
- Other infrastructure: Telecom, power transmission, warehousing, ports.
Comparison with NMP 1.0
| Feature |
NMP 1.0 (2021–25) |
NMP 2.0 (2026–30) |
| Target |
₹6 lakh crore |
₹16.72 lakh crore |
| Achievement |
~89% of target met |
Yet to begin (launched Feb 2026) |
| Focus |
Roads, railways, power, telecom |
Expanded to 12 sectors including tourism & disinvestment of PSUs |
| Approach |
Brownfield assets monetisation |
Larger scale, includes equity sales & IPOs |
Strategic Importance
- Supports Viksit Bharat initiative by financing infrastructure growth.
- Encourages private participation in public assets.
- Helps reduce fiscal burden while ensuring better asset utilisation.
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