National Land Monetization Corporation (NLMC)

Current Context: Union Cabinet has approved the setting up of NLMC on March 9. 2022.

• NMLC will be a wholly-owned government of India company.
• Initial Authorized share capital – INR 5000 crore & paid-up share capital of INR 150 crore.
• Objectives of NLMC –
• It will monetize surplus land and building assets of Central public sector enterprises and government agencies.
• It will own, hold, manage and monetize assets of surplus assets of CPSE which are 100% GOI owned under a strategic disinvestment plan.

Question:

Q.1 Recently GOI announced the setting up of the National Land Monetization Corporation with an initial authorized share capital of?
a. INR 2000crore
b. INR 10000 crore
c. INR 5000 Crore
d. INR 1000 Crore