Cabinet meet today, to take up land bank policy - ECAS Punjab

Cabinet meet today, to take up land bank policy

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Tribune News Service

Chandigarh, July 7

A policy to create a land bank for industrial projects using the village common land is coming up for discussion in the Cabinet meeting on Wednesday.

The Punjab Housing and Urban Development Department’s policy will allow landowners, having less than an acre each, to club their land and apply as a single entity. The owners will be able to opt either for compensation or for commercial and industrial plots.

Besides, the Punjab State Industries Export Corporation and Rural Development Department are also working on a similar policy.

The village common land, also known as shamlat land, is vested with a panchayat and utilised for the benefit of villagers. The idea behind transferring the land to the Industry Department is to ensure that not only the investors get land for setting up big projects at reasonable rates, but the panchayats also get funds for developmental works. The Cabinet will also take up a proposal to increase the fee for entering mutation in land records.

from The Tribune

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