Madhya Pradesh Increases Rural Land Acquisition Compensation to Four Times Market Rate
MP raises rural land acquisition payout to four times market rate
Business Standard
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The Madhya Pradesh Cabinet, led by Chief Minister Mohan Yadav, has approved a decision to raise the compensation multiplier for rural agricultural land acquisition to 2.0, effectively increasing payouts to four times the market rate. This move aims to benefit farming families and expedite public infrastructure projects.
- 01The compensation multiplier for rural land acquisition has been increased to 2.0, raising payouts to four times the market rate.
- 02This decision is expected to benefit thousands of farming families affected by land acquisition for public projects.
- 03The revised compensation aligns with the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Rules, 2015.
- 04The Cabinet also approved infrastructure proposals worth approximately ₹33,985 crore (roughly $4 billion USD).
- 05The increased compensation aims to reduce resistance to land acquisition and support various infrastructure projects.
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In a pivotal decision, the Madhya Pradesh Cabinet has approved a doubling of the multiplication factor for rural agricultural land acquisition to 2.0, increasing compensation payouts to four times the market rate. This decision, made under the leadership of Chief Minister Mohan Yadav, is expected to directly benefit thousands of farming families whose land is acquired for public infrastructure projects. The revised compensation structure adheres to the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Rules, 2015. By aligning payouts with current land values, the state aims to mitigate resistance to acquisitions, which have historically been contentious in India due to outdated compensation practices. The Cabinet also approved infrastructure and development proposals totaling approximately ₹33,985 crore (roughly $4 billion USD), with a significant portion allocated for public works, including road construction and irrigation systems. This initiative signals a commitment to equitable land acquisition while promoting economic development.
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This decision will significantly improve the compensation received by farmers whose land is acquired, potentially easing financial burdens and supporting their livelihoods.
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