The Andhra Pradesh government on 8 December 2014 unveiled a Land Pooling Policy to build new state capital near Vijayawada-Guntur region.
Under the policy, the state will secure about 30000 acres of land in order to construct a riverfront capital city on the southern side of the Krishna river.
Pooling of land for the capital will begin on 9 December 2014 as a majority of 22405 farmers in 29 villages are ready to part with their lands.
Highlights of the Land Pooling Policy
• The state government will immediately release a sum of 200 crore rupees to provide debt relief of up to 1.5 lakh rupees to each farmer as a one-time settlement.
• Under the package, farmers owning dry land will be given 1000 square yards of residential plot and 200 square yards of commercial plot as compensation for every acre given to the Andhra Pradesh government.
• Owners of wet land will be given 1000 square yards of residential land and 300 square yards of commercial plots in the proposed zone closer to their existing lands.
• The assigned land owners will be given 800 square yards of residential and 100 square yards of commercial plot against one acre of land.
• Besides, owners of dry land will also be paid 30000 rupees per annum as compensation for ten years with a 10 percent hike every year who give away one acre of land, while those owning wet lands will get 50000 rupees as well as a 10 percent hike per annum.
• 12000 landless families will be given pension of 2500 rupees a month for 10 years through the Capital Region Social Security Fund.
• Once a farmer hands over the land, he will be immediately handed over a Land Pooling Ownership Certificate (LPOC) and the developed land will be handed over to him within three years.
• The farmers in the new capital region will be exempted from paying farm loans.
When: 8 December 2014