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National Land Monetisation Corporation (NLMC)

Published on February 04, 2022
Current Context: The Government of India will be setting up National Land Monetisation Corporation (NLMC).
National Land Monetisation Corporation (NLMC)
  • The NLMC performs the monetization of the land and other non-core assets.
  • Its initial authorized share capital will be Rs 5000 crores and subscribed share capital of Rs 150 crores.
  • Also, until now central public sector enterprises (CPSEs) have referred nearly 3400 acres of land and other non-core assets to the government for monetization.
  • The NLMC will be incorporated as a 100% GOI-owned entity.

Question: 

Q.1 GOI to set up National Land Monetisation Corporation (NLMC) with initial authorized share capital to be ____?
a. Rs 3000 crores
b. Rs 7000 crores
c. Rs 6000 crores 
d. Rs 5000 crores
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