(News) UP’s new land acquisition policy announced
UP’s new land acquisition policy, which was announced by Chief Minister Mayawati earlier this month, will be applied for the first time in acquiring land for about 120 mandis proposed to be set up in Bundelkhand region. In all, about 1,200 acres will be acquired in seven districts for setting up of seven big and about 110 small mandis to be constructed under the Centre’s Bundelkhand package.
At a high-level meeting on Wednesday, Chief Secretary Anoop Mishra asked the district magistrates of the seven districts and officers of the Agricultural Produce Marketing Board to offer the benefits of the new policy to land owners. In the past, the government acquired land for its projects at the circle rate. Under the new policy, the government will acquire land at a price to be decided with the mutual consent of the owners.
Alternatively, the farmers can opt for developed land equal to 16 per cent of the acquired land free of cost.
Besides, they will be entitled to benefits of the resettlement and rehabilitation policy, which include an annuity of Rs 23,000 per acre annually, with an increment of Rs 800 every year, or a lumpsum payment of Rs 2.76 lakh per acre.