Punjab's Bold Land-Pooling Initiative: A Gamechanger for Farmers?
Punjab's land-pooling scheme guarantees Rs 50,000 per acre for farmers, increasing to Rs 1 lakh when the government acquires land. Annual increments of 10% are included until land development completion. Despite criticism, ongoing consultations aim to address farmer concerns.
- Country:
- India
In an effort to support farmers, Punjab's new land-pooling scheme offers a compelling financial deal. Farmers will initially secure Rs 50,000 per acre, with this amount set to double upon government acquisition of their land.
According to Housing and Urban Development Minister Hardeep Singh Mundian, a 10 percent annual hike will be added until the completion of land development. Consultations with farmers from 164 villages are underway to ensure their concerns are considered.
While facing opposition criticism labeling the initiative a 'looting' scheme, the state government remains committed to its promise of Rs 1 lakh per acre and continues to engage with the farming community to refine the policy.
(With inputs from agencies.)
Advertisement
Google News