Context :
Panel
asks Road Ministry to simplify land acquisition, contract award norms / BL
/ 29 July 2021
Extract :
Ø
A
mechanism for UPFRONT PAYMENT to the land-owner can be worked out to guarantee
a payment in the form of ANNUITY FOR THE LONG-TERM, financed through land value
captured by the State Government
Ø
The
Committee believes that such a system will reduce land acquisition litigation
which cause time and cost overrun, the report said
My Take :
More than 6 YEARS ago, I sent following e-mail to Shri Nitin Gadkariji
:
Ø Land
Acquisition Solution …………………………………..( 05 May 2015 )
Extract :
Dear
Nitinji,
Farmers are opposing this bill for
the following reasons :
> Low / Inadequate compensation
> Once land is sold , not being able to benefit from the appreciation of land
value , when the project comes up
> Private parties bought their land at low price and then sold it ( mostly to
private builders ) for a whooping profit
I think there is a simple solution to
the concerns expressed by the farmers . Please consider the following :
> In the first instance, affected farmers will
create a" Cooperative Society "
> Co-operative Society will issue shares to each land-donor farmer , in
proportion to the QUANTITY /
> In turn , Co-operative Society will receive shares in the SPV , equal to the
value of the land + a cash compensation equal to 4 times the value of the
land
> Farmer's shares of Cooperative Society cannot be sold in open market
before 5 years but can be gifted
> Shares of Cooperative Society in the SPV itself cannot be sold for next 10
years
> The " Cash-Value Compensation " received by the Co-operative Society ( ie
4 times the land value
* To be immediately
paid in cash to the farmers............ 2 times
* To be deposited in the Jan-Dhan Account of each farmer as FIXED
DEPOSIT ( with 10 @
Dear Gadkariji ,
My proposal will ensure :
> Recurring income from FD in Jan Dhan account ( for a sustained
livelihood )
> Continued sense of " Ownership " in the SPV / Project , which will
facilitate QUICK implementation
> Willing farmers themselves canvassing / convincing " Reluctant "
farmers
> No fear
of private parties benefiting by appreciation of land value
> A sense of " Enlarged Participation " thru Co-operative Society
representing
them on the Board of
> Board Representation enabling farmers to ensure that honest
decisions are being taken
PLEASE , GIVE THIS
SUGGESTION A CONSIDERATION
With regards,
Hemen Parekh / hcp@RecruitGuru.com / 29
July 2021
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