Haryana announces revised land acquisition policy

Revisions have been made in the land acquisition policy by Haryana. The state government has decided to double, even higher in some areas, the minimum floor rate (MFR) payable for acquisition of land; increase both the annuity amount payable over 33 years as well as its incremental annual hike; and give bigger-size plots in case one’s residential property is acquired. The affected farmers would also be offered Government jobs, industrial and commercial plots.

Haryana Chief Minister Bhupinder Singh Hooda while addressing a press briefing said the landowners would now be paid annuity amount of Rs 21,000 per acre per annum which will be increased by Rs 750 every year for a period of 33 years. The amount paid over 33 years worked out to Rs 10,89,000 per acre, Hooda said. Earlier, the annuity amount was Rs 15,000 per acre per annum with an increase of Rs 500 every year.

Also new concept of “no litigation incentive” has been introduced in the revised land acquisition policy.

Working out to about 20 per cent of the MFR, it will be payable over and above the MFR to such land owners who undertake not to go in for litigation. Making its widely acclaimed pro-farmer land acquisition policy more farmer-friendly, the state government today made major changes in its land acquisition policy, especially in the relief and rehabilitation segment.