National Land Monetization Corporation

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About National Land Monetization Corporation (NLMC)-

• NLMC will undertake monetization of surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other Government agencies. 
• NLMC has been given an initial authorized share capital of Rs 5000 crore and paid-up share capital of Rs 150 crore.
• At present, CPSEs hold considerable surplus, unused and under-used non-core assets in the nature of land and buildings.  
• NLMC is expected to own, hold, manage and monetize surplus land and building assets of CPSEs under closure and the surplus non-core land assets of Government owned CPSEs under strategic disinvestment.  
• This will speed up the closure process of CPSEs and smoothen the strategic disinvestment process of Government owned CPSEs.  
• These assets may be transferred to NLMC to hold, manage and monetize these assets.  
• NLMC will also advise and support other Government entities (including CPSEs) in identifying their surplus non-core assets and monetizing them in a professional and efficient manner to generate maximum value realization.  
• In these cases (e.g., on-going CPSEs and listed CPSEs under strategic disinvestment), NLMC will undertake surplus land asset monetization as an agency function. 
• It is expected that NLMC will act as a repository of best practices in land monetization, assist and provide technical advice to the Government in implementation of asset monetization programme.
• NLMC will have necessary technical expertise to professionally manage and monetize land assets on behalf of CPSEs and other Government agencies.  
• The Board of Directors of NLMC will comprise senior Central Government officers and eminent experts to enable professional operations and management of the company.  
• The Chairman, non-Government Directors of the NLMC will be appointed through a merit-based selection process.
• It has been decided to hire professionals from the private sector, similar to other specialized Government companies like National investment and infrastructure Fund (NIIF) and Invest India.  
• The Department of Public Enterprise, Ministry of Finance, will set up the company and act as its administrative ministry.  

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