Rajasthan is set to become the first Indian state to introduce land aggregation through a legal mechanism, aiming to support both industries and farmers. The new law is expected before the ‘Rising Rajasthan’ Global Investment Summit in December.
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- Rajasthan to introduce a Bill for legal land aggregation.
- Law aims to help both industries and farmers.
- Under the policy, farmers will get 25% of developed land as compensation.
- Farmers can use, lease, or sell the developed land for profit.
- New legislation to make farmers partners in the development process.
- Increased land value to multiply farmers’ earnings.
- Land Aggregation and Development Authority to oversee the process.
- 5-year deadline to utilize aggregated land or revert to the authority.
- Appeals mechanism to handle landowner grievances outside courts.
- Areas like Banswara and Delhi-Mumbai Industrial Corridor set to benefit.
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