The Economic Survey 2021-22 states that the government has set up NLMC to fast track monetisation of land and non-core assets of public sector entities. What is the initial authorised share capital of NLMC?

• A. Rs 4,000 crore
• B. Rs 5,000 crore
• C. Rs 3,000 crore
• D. Rs 2,000 crore

Answer: (B)

National Land Monetisation Corporation will have an initial authorised share capital of Rs 5,000 crore and subscribed share capital of Rs 150 crore.