The Government of India has set up the National Land Monetization Corporation (NLMC) to accelerate the monetization of land and non-core assets of public sector entities.
NLMC has been set up as a 100% owned entity of the Government of India. It has an initial authorized share capital of Rs.5,000 crore and a subscribed share capital of Rs.150 crore.
So far, public sector enterprises have signed up with NLMC for monetization of 3400 acres of land and other non-core assets.
A total monetization potential of Rs. 6 lakh crore has been assessed through core assets of the central government from the financial year 2021-22 to 2024-25. It includes roads, railways, electricity, oil and gas pipelines and telecommunications in the top five sectors.
Till now, key public sector assets were monetized by NITI Aayog, while non-core assets were monetized by the Department of Investment and Public Asset Management (DIPAM).