Executive Summary:
The Ministry of Planning addressed questions regarding the National Monetisation Pipeline (NMP), launched in Financial Year 2021-22. The NMP aimed to monetise assets worth Rs. 6 lakh crore by 2024-25, achieving approximately Rs. 5.3 lakh crore. NMP 2025-30, with a target of Rs. 10 lakh crore, was announced in the Union Budget 2025-26.
Key Points / Main Content:
NMP Performance (2021-2025):
* Target: Monetisation potential of Rs. 6 lakh crore.
* Achievement: Approximately Rs. 5.3 lakh crore.
* Breakdown: Rs 3.87 lakh crore (first three years) and Rs 1.43 lakh crore (fourth year).
* Sector Contributions (approximate Rs. lakh crore): Roads (1.1), Railways (0.3), Power (0.5), Petroleum & Natural Gas (0.4), Coal (2), Shipping (0.2), Mines (0.4), and Urban (0.1).
* Asset Type: Primarily linear assets (highways, transmission lines, pipelines).
* State-wise Data: Not maintained under NMP.
Technical Assistance and Capacity Building:
* Guidebook: Included various monetisation models (direct contractual, structured financing), key requirements, concession periods, bid parameters, and potential projects.
* Global Case Studies: Provided to assist project sponsoring authorities.
* Project Finalisation: Project scope and structure determined case-by-case by project sponsoring authorities.
* Appraisal and Approval: Proposals appraised and approved by competent authority per existing guidelines.
NMP Expansion (2025-2030):
* Target: Plough back Rs. 10 lakh crore to accelerate infrastructure creation.
* Source: Infrastructure assets under key Ministries/Departments.
* Monetisation Mode: Decided by project sponsoring authorities based on project type and potential participation.
* Eligibility: Determined by project type, followed by appraisal and approval.
Impact Analysis:
Public Sector Undertakings (PSUs):
* Impact: Need to understand and implement monetisation strategies based on the NMP guidebook and global case studies.
* Action Required: Finalise project scope and structure in accordance with extant guidelines, prepare proposals for appraisal, and seek approval from competent authorities.
Project Sponsoring Authorities:
* Impact: Responsible for determining the mode of monetisation and eligibility requirements for bidders.
* Action Required: Decide on monetisation methods, assess bidder eligibility, and ensure appraisal and approval processes are followed.
Key Ministries/Departments:
* Impact: Required to identify infrastructure assets for inclusion in NMP 2025-30 to meet the Rs. 10 lakh crore target.
* Action Required: Evaluate assets, plan monetisation strategies, and execute projects according to guidelines.
Key Entities Referenced
National Monetisation Pipeline (NMP): A Government of India initiative to monetize public assets.
Public Sector Undertakings (PSUs): Government-owned enterprises involved in various sectors.
Ministry of Planning: The Indian government ministry responsible for planning and development.
Rao Inderjit Singh: Minister of State in the Ministry of Planning and other ministries.
Union Budget 2025-26: The annual financial statement of the Government of India for the fiscal year 2025-2026.
Ministry of Statistics and Programme Implementation: A ministry of the Government of India.
Ministry of Culture: A ministry of the Government of India.
Lok Sabha: The lower house of the Parliament of India.
GOVERNMENT OF INDIA
MINISTRY OF PLANNING
LOK SABHA
UNSTARRED QUESTION NO. 2764
TO BE ANSWERED ON 06.08.2025
NATIONAL MONETISATION PIPELINE
2764. SMT. SHAMBHAVI:
SHRI NARESH GANPAT MHASKE:
SHRI RAVINDRA DATTARAM WAIKAR:
Will the Minister of PLANNING be pleased to state:
(a) the details of the total value of assets monetised since the launch of the National
Monetisation Pipeline (NMP) in Financial Year 2021–22, State, sector and year-wise;
(b) the details of the measures taken by the Government to provide technical assistance and
capacity building to Public Sector Undertakings (PSUs) for better implementation of
monetization strategies under the pipeline;
(c) the details of the steps taken by the Government under the NMP to unlock value from
brownfield infrastructure assets;
(d) whether the Government is considering to expand the scope of the NMP to include urban
civic assets, sports infrastructure and digital infrastructure and if so, the details thereof;
and
(e) whether the Government is considering to develop co-investment models involving
sovereign wealth funds, pension funds and multilateral agencies for infrastructure
monetization under the NMP and if so, the details thereof?
ANSWER
MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF STATISTICS
AND PROGRAMME IMPLEMENTATION; MINISTER OF STATE (INDEPENDENT
CHARGE) OF THE MINISTRY OF PLANNING AND MINISTER OF STATE IN THE
MINISTRY OF CULTURE
(RAO INDERJIT SINGH)
(a) to (e): The National Monetisation Pipeline (NMP) included assets with monetisation potential
of Rs. 6 lakh crore during the four-year period from 2021-22 to 2024-25, against which around
Rs. 5.3 lakh crore was achieved which included achievement of Rs 3.87 lakh crore during the
first three years and Rs 1.43 lakh crore during the fourth year. The achievements of the key
sectors under NMP (around Rs. lakh crore) include Roads- 1.1, Railways- 0.3, Power- 0.5,
Page 1 of 2Petroleum and Natural Gas- 0.4, Coal- 2, Shipping- 0.2, Mines- 0.4 and Urban- 0.1. NMP
primarily includes linear assets such as highways, transmission lines, pipelines etc. which often
span multiple states. The state wise details are not maintained under NMP.
NMP included guidebook detailing various types of monetisation models including direct
contractual models, structured financing models and also the broad features of each model
detailing key requirements, indicative concession period, bid parameter and potential projects
under each mode as a guidance to the project sponsoring authorities including Public Sector
Undertakings. NMP also included global case studies to help the project sponsoring authorities to
benefit from the same. Further, the detailed aspects such as scope of the project and structure of
the project are normally finalised on case-to-case basis by project sponsoring authorities in
accordance with extant guidelines and applicable regulations. The proposals are further appraised
and approved by the competent authority as per extant guidelines and delegation of powers.
The Union Budget 2025-26 announced the launch of NMP 2025-30 to plough back Rs. 10 lakh
crore to further accelerate the creation of infrastructure in the country. This above target would
be met from the infrastructure assets falling under the purview of key Ministries/Departments.
The mode of monetisation, eligibility requirements for participation of the bidders in bidding for
such monetisation are decided by the project sponsoring authorities based on the project type and
potential participation followed by appraisal and approval of competent authority as per extant
guidelines.
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