MP CM Mohan Yadav's Landmark Decision: Farmers to receive four times market rate for acquisition of agricultural land
In a historic decision in the interest of farmers, the Madhya Pradesh State Cabinet meeting held at the Secretariat on Wednesday under the chairmanship of CM Dr. Mohan Yadav doubled the multiplication factor for agricultural land acquisition to 2.0.
Consequently, farmers will receive four times the market rate for compensation for acquired agricultural land, instead of double.
This decision will apply to the acquisition of agricultural land in rural areas across the state. The Cabinet has kept the compensation multiplication factor unchanged within urban limits.
The Cabinet also approved approximately Rs. 33,985 crore for infrastructure construction and development works such as irrigation, health, education, and roads. Farmers will immensely benefit from receiving compensation four times the market rate upon land acquisition.
This decision will enable farmers to receive higher compensation for agricultural land acquired by the Central and State governments for important projects such as irrigation projects, road, bridge, railway, and dam construction. This will not only accelerate development projects but will also significantly improve the economic condition of the farmer families who provide their land.
It is noteworthy that this recommendation was made by a sub-committee comprising Ministers Tulsiram Silawat, Rakesh Singh, and Chaitanya Kumar Kashyap.
Other Key Decisions
Approval of Rs. 33,985 crore for development of infrastructure, irrigation, health, education, and roads
Approval of Rs. 157 crore 14 lakh for the Indokh-Rudhahera Micro Irrigation Project
Approval of a special rehabilitation package of Rs. 969 crore for rehabilitation in Chhindwara Irrigation Complex Project
Approval of Rs. 25,164 crore for development works under Public Works
Approval of Rs. 2,190 crore 44 lakh for free bicycle distribution scheme and upgradation of educational institutions
Approval of Rs.5,479 crore for advanced medical services in state
Approval of establishment of family housing in government medical colleges
Creation of 15 posts to carry out functions of Sixth State Finance Commission
Rs. 24 crore for the Chief Ministers Young Professionals for Development Program