No, there are no hostels near Motilal Nehru College (NLNC) Delhi. But there are lots of PGs nearby.
If you have a better financial condition go for Anand Niketan which is just opposite to Motilal Nehru College.
And if you want something affordable, you can choose Satya Niketan which is approximately 1.5 km away and opposite Venkateshwara College. Satya Niketan Market is always crowded mainly by the south campus students.
Both the areas are completely safe. But Anand Niketan will provide better comfort and a welcoming environment.