<h1>India Sets Up National Land Monetization Corp to Unlock Value of Surplus Government Assets and Boost Infrastructure Development.</h1> The Union Cabinet has approved the establishment of the National Land Monetization Corporation (NLMC) as a Special Purpose Vehicle to monetize surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other government agencies. With an initial authorized share capital of Rs. 5000 crore and a paid-up share capital of Rs. 150 crore, NLMC aims to unlock the value of unused and under-used assets, facilitating strategic disinvestment and closure of CPSEs. The corporation will provide technical expertise and professional management, engaging private sector professionals, to maximize asset value and support economic and social infrastructure development.