Lok Sabha Question No. 1219 (UNSTARRED), answered on 2022-07-25
Subject: National Land Monetisation Corporation
Ministry: FINANCE
Asked by: Magunta Sreenivasulu Reddy, P. Velusamy, E. T. Mohammed Basheer

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF PUBLIC ENTERPRISES

## LOK SABHA

## UNSTARRED QUESTION No. 1219

## ANSWERED ON 25.07.2022

## National Land Monetisation Corporation

## 1219. SHRI MAGUNTA SREENIVASULU REDDY: SHRI VELUSAMY P.: SHRI E.T. MOHAMMED BASHEER:

Will the Minister of Finance be pleased to state:

- (a) whether the Government proposes to establish the National Land Monetisation Corporation (NLMC) in the country, if so, the details and the current status thereof;
- (b) whether NLMC has started the process of monetisation of surplus land and building assets that have been referred to it, if so, the details thereof and if not, the reasons therefor;
- (c) whether the Government has given the targets to various Ministries for its assets monetisation;
- (d) if so, the details thereof including the target achieved during the year 2021-22 along with the targets fixed therefor during the year 2022-23, sector-wise;
- (e) the details of the total amount realised viz-a-vis target for the Ministries of Railways and Coal; and
- (f) whether these assets will be with the Government or it will be sold to the private players and if so, the details thereof?

## ANSWER THE MINISTER OF STATE FOR FINANCE (DR. BHAGWAT KISHANRAO KARAD)

- (a) &(b):  The  Union  Cabinet  on  9 th March  2022,  approved  setting  up  of  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 to undertake monetization of surplus land and non-core assets of Central Public Sector Enterprises (CPSEs)  and  other  Government  agencies.    Accordingly,  NLMC  has  been  incorporated  by Department of Public Enterprises in June, 2022. No non-core assets have been monetized by NLMC as yet.

(c)& (d): No specific target for non-core asset monetisation has been given for the FY 2021-22 and 2022-23.  For core assets, as per the information received from NITI Aayog, sectoral targets are mapped to various ministries including M/o Road Transport & Highways, M/o Railways, M/o Power, M/o Ports, Shipping & Waterways, M/o Civil Aviation and M/o Petroleum and Natural Gas under the National Monetisation Pipeline (NMP).  As against the indicative monetisation value of assets of Rs. 88,190 crore envisaged to be monetized during FY2021-22, transactions with an  aggregate  monetisation  value  of  about  Rs.  97,000  crore  in  terms  of  accruals  or  private investments, were completed. Indicative value of assets envisaged to be monetized under NMP during FY2022-23 is Rs. 1,62,422 crore.

(e):   Under  the  NMP, for  FY2021-22, a  target  of  Rs.  17,810  crore  and  Rs.  3,394  crore  was envisaged for Ministry of Railways and Ministry of Coal respectively. Aggregate monetization value of transactions completed during the year FY2021-22 by Ministry of Railways and Ministry of Coal was Rs. 800 crore and Rs. 40,104 crore respectively.

(f): The NMP provides the guiding principles for undertaking monetization of infrastructure assets which does not envisage sale of assets. Operations and maintenance of underlying assets therein is  governed  by  applicable  laws  as  well  as  performance  standards  and  other  key  performance indicators as per the underlying agreements between the public authority and the operator or the concessionaire, as the case may be.

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