1 day ago
NLMC to Monetise Public Assets Worth Rs 5,000 Crore
The government has a company called NLMC that manages unused public land and buildings.
It wants to find useful ways to earn value from these properties.
The properties are worth more than Rs 5,000 crore.
NLMC’s Board discussed this plan at a meeting on Friday.
The company is working with government organisations that own the properties.
It will check the properties carefully and estimate their value.
It will then help create transparent ways to monetise them.
The goal is to prevent public assets from remaining unused.
The National Land Monetisation Corporation plans to monetise surplus land and buildings valued at more than Rs 5,000 crore.
NLMC’s Board reviewed the asset monetisation programme at its 21st meeting held on Friday.
The corporation is identifying properties, conducting due diligence, arranging valuations and designing monetisation processes.
The effort covers surplus assets held by Central Public Sector Enterprises and other government entities.
NLMC said it aims to improve transparency, efficiency, coordination and value realisation in using public assets.
- Who
- The National Land Monetisation Corporation, working with Central Public Sector Enterprises and other government entities.
- What
- NLMC plans to monetise surplus land and building assets valued at more than Rs 5,000 crore.
- Where
- The assets are held by Central Public Sector Enterprises and other government entities; no specific location was stated.
- When
- The proposals were discussed at NLMC’s 21st Board meeting held on Friday.
- Why
- To unlock value from underutilised public assets and support their effective use.
Key facts
- Organisation
- National Land Monetisation Corporation
- Asset value
- More than Rs 5,000 crore
- Assets
- Surplus land and buildings
- Board meeting
- 21st meeting, held on Friday
- Asset owners
- Central Public Sector Enterprises and other government entities
- Administrative control
- Department of Public Enterprises
- Key processes
- Property identification, due diligence, valuation and monetisation structuring
Sources
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