The Centre has made a common portal for asset monetisation drive that will provide a one-stop solution to the investors and a common platform to all the ministries. NITI Aayog completed the National Monetisation Pipeline (NMP) on the National Infrastructure Pipeline (NIP), which seeks to invite private participation from the infrastructure sector. The NMP will act as a roadmap for asset monetisation of various infrastructure assets such as railways, roads, power, oil and gas, warehouse, and aviation. In February this year, the Ministry of Finance, Nirmala Sitharaman, announced in the Budget that the monetisation was created for four years from financial year (FY) 2021-22 and 2024-25. In March this year, central ministries, including the Ministry of Railways, Ministry of Road Transport and Highways, Department of Telecommunications, Ministry of Power, Civil, and Aviation, received a target of Rs 2.5 lakh crore for monetising assets within three years. NITI Aayog was given the target to prepare a list of possible assets to be monetised. To promote the states to monetise their assets, the Centre announced 50 years of interest-free loans of about Rs 5,000 crore linked to the receipts from the exercise. For the coming 4-5 years, the Centre may target Rs 3 lakh crore for the national asset monetisation pipeline. Last month, Sitharaman announced the formulation of new streamlined approval for Public-private partnership (PPP) projects and core infra assets monetisation to help in the fast-tracking of asset monetisation by the Central Public Sector Enterprises (CPSEs). She said that the current procedures were lengthy and required multiple approvals from PPP projects to fasten the approval process, which usually take months. Till now, ten infrastructure ministries have submitted the list of core infra assets. Image Source Also read: Assets over Rs 3.5 trillion to be monetised via InvIT, REIT in next one year Also read: Potential for ₹5-6 trillion assets to be monetised in the near term at central level