Consider the following statements The NLMC will be a firm fully owned by the government to carry out...........

Economic Affairs Industrial Policy and Industrial Growth

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Consider the following statements

The NLMC will be a firm, fully owned by the government, to carry out the monetisation of government and public sector assets.
It is aimed to create new sources of revenue. Another is to unlock the potential of unused or underused assets by involving institutional investors or private players.

Select the correct statement.

1 only

2 only

Both

None

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Explanation:

National Land Monetization Corporation (NLMC) will undertake surplus land asset monetisation as an agency function, and assist and provide technical advice to the Centre in this regard.

NLMC will undertake monetization of surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other Government agencies.
NLMC will also advise and support other Government entities (including CPSEs) in identifying their surplus non-core assets and monetizing them in a professional and efficient manner to generate maximum value realisation.
The NLMC will undertake monetisation as an agency function and is expected to act as a directory of best practices in land monetisation.
There are different reasons why the government monetises its assets. One of them is to create new sources of revenue.
Monetisation is also done to generate capital for future asset creation. According to the Economic Survey 2021-2022, CPSEs have put nearly 3,400 acres of land on the table for potential monetisation.
In terms of government land, the Railways and Defence Ministries own the bulk majority.

Hence both statements are correct.