Land Pooling

Farmers will initially receive Rs 50,000 per acre along with the letter of intent (LOI) within 21 days of applying for the land-pooling scheme, said Punjab Cabinet Minister Hardeep Singh Mundian on Monday. He further said the amount of Rs 50,000 will be hiked to Rs 1 lakh per acre when the government takes over the possession of the land. Mundian also said there will be a 10 per cent hike per annum until the land development is complete. The housing and urban development minister held deliberations with the farmers of 164 villages regarding the land-pooling scheme here to get their feedback and address their concerns related to the scheme. Mundian said farmers who opt for the land-pooling scheme can continue farming on the land until the development work on the land starts. The minister said farmers will get the LOI within 21 days of applying for the scheme. The day the government takes possession of the land, the amount of Rs 1 lakh per acre per annum will be given and if the ..

Land pooling generally involves owners offering land parcels to an agency for public purposes

It took nearly 70 years for the Government of India to recognise the merits of allowing the private sector to manage surplus government land

The Delhi Development Authority had launched the online portal in February to ease application and verification processes for stakeholders of the land pooling policy

It is fairer to the land owner who loses only a portion of his land and whatever he retains is worth much more than his original holding