Bhopal: Government Boosts Compensation for Farmers
The Mohan Yadav government has made a significant move in favor of farmers in the state, with a major decision taken on Wednesday to enhance their compensation for land acquisition in rural areas.
Four Times Market Rate for Compensation
Following the state cabinet's decision to double the compensation multiplication factor for agricultural land acquisition to 2.0, farmers will now receive four times the market rate for compensation.
- The enhanced compensation will be applicable to agricultural land acquisition in rural areas across the state.
- The move aims to improve the economic condition of farmer families who provide their land for important projects such as irrigation, road, bridge, railway, and dam construction.
- The decision will also accelerate development projects, promoting growth and development in the region.
Key Highlights:
- Compensation Enhancement: Farmers will receive four times the market rate for compensation, a significant increase from the previous rate.
- Rural Areas: The enhanced compensation will be applicable to agricultural land acquisition in rural areas across the state.
- Infrastructure Development: The state government has approved approximately Rs. 33,985 crore for infrastructure construction and development works such as irrigation, health, education, and roads.
With this decision, the state government has demonstrated its commitment to supporting the welfare of farmers and promoting development in the region.