In a major move to boost industrial growth, the
Maharashtra government on Thursday approved an amendment to the Rent
Act, allowing non-farmers to buy agricultural land for industrial
activities without government permission.
As per the
amendment, permission to buy agricultural land that is shown as ‘not
under farming’ in plans can be removed. But the buyer will have to use
the land for the pre-stated purpose in five years (which can be
increased to 10 years by paying an annual fee); failing to do so will
result in the land being deposited back with the government with the
intent of returning it to the original farmer. Buyers wanting to resell
the land for other purposes will have to pay a 25 per cent transfer fee.
It
is no longer necessary to seek permission from the Industry
Commissioner to buy agriculture land more than 10 hectares for
industrial use. “This decision will ensure industrial growth. However,
while the process is being smoothened, strict implementation of all the
amendments will have to be ensured,” said Revenue Minister Eknath Khadse
.
Source:- The Hindu, 18-Dec-2015
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