He said several eminent jurists, including late Justice J S Verma, had questioned the working of the present collegium system.
"Our party (BJP) had promised to bring the National Judicial Commission in the election manifesto," Prasad told Rajat Sharma in 'AAp ki Adalat' to be telecast on India TV.
Asked whether the NDA government was seeking to exercise control over the judiciary, Prasad said the government wants the judiciary to be independent.
His remarks came in the backdrop of the Gopal Subramanium controversy in which the government returned to the Supreme Court collegium its recommendation to appoint the senior lawyer as a judge of the apex court.
Chief Justice of India R M Lodha had later expressed displeasure at the government's handling of the case and questioned the segregation by terming it as a unilateral move of the executive.
Prasad reiterated his stand that the government has the right to give its opinion in judicial appointments. "If we give five, or say, three names, and we object to one of them, there will be segregation. We have the right to request a review," he said.
He said the NDA government is planning to bring a National Litigation Policy pending for years.
"There are three crore cases pending in India...2.68 crore are pending in lower courts. Of them, cheque-bouncing cases number nearly 22 lakh...these can be easily disposed of in Lok Adalats," Prasad said.