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Land acquisition policy drafted

Land acquisition policy drafted

A lopsided pro-farmer land acquisition policy has been drafted in consultation with a section of state govern­ments and a study of the dis­p­ute raised by farmers “to ensure that exploitation of farmers stops”, said Rural Development Minister Vilasrao Deshmukh.

Under the drafted policy, the role of the state gove­rnment in the land acquisition process will be minimal: 70 per cent of the land would be acquired by the entrepreneur through ne­goti­ations with far­mers, while the state gove­rnment will help with the rest. Compensation will be at the market rate and the entre­preneur will have to pay 60 per cent of the market value as bonus, annuity for 30 years, 80 per cent of the profit earned by the entrepreneur after com­mercial exploitation of land and job for one member of the family.

If there is a tran­saction on revenue land, then the original owner of the stru­cture on the land has to pay 50 per cent of the transaction va­lue towards unearned income. The new policy envisages that if the acquired land is not utilised within five years, then it will be returned.
Deshmukh said the bill wo­uld be introduced in the mon­soon session of the Parliament this year.

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