NLMC pushes Rs 5,000 crore asset monetisation

The National Land Monetization Corporation (NLMC) has proposed monetizing assets worth over Rs 5,000 crore, as part of the government's efforts to unlock value from underutilized public assets. At the 21st board meeting on September 18, NLMC reviewed its asset monetization program and financial performance, as well as institutional initiatives, according to a Ministry of Finance release.

The recommendations focus on surplus land and buildings, aiming to advance the government's objective of unlocking value from underutilized assets held by government entities. NLMC engaged with Central Public Sector Enterprises (CPSEs) and other government bodies to identify suitable assets, conduct due diligence, and structure the monetization process.

The board emphasized the need to accelerate implementation, address procedural requirements, and ensure a transparent approach for monetizing the identified assets. They also stressed the importance of stronger coordination with stakeholder entities to maintain momentum and facilitate timely monetization.

NLMC's mandate includes identifying, assessing, and facilitating the monetization of surplus land and building assets that are no longer required or remain underutilized. The corporation works with various ministries, departments, CPSEs, and government entities to achieve these goals.

The recommendations mark another step in NLMC's efforts to build a structured process for monetizing surplus public assets. The Ministry of Finance highlighted NLMC's approach as being centered on transparency, efficiency, and value realization, supporting asset-owning entities throughout the identification, assessment, and monetization process.