National Land Monetization Corporation

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The Union Cabinet has approved the setting up National Land Monetization Corporation (NLMC) as a wholly owned Government of India company with an initial authorized share capital of Rs 5000 crore and paid-up share capital of Rs 150 crore.  NLMC will undertake monetization of surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other Government agencies.  The proposal is in pursuance of the Budget Announcement for 2021-22.

https://pib.gov.in/PressReleasePage.aspx?PRID=1804287

https://indianexpress.com/article/business/economy/govt-land-monetisation-agency-finance-ministry-7812418/

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