Land banks are increasingly gaining prominence in India to encourage land-use efficiency and enable economic growth. In this context, discuss the benefits of a land bank and also the concerns associated with it.
Main Body
Land banks are non-for-profit government organizations which were created to manage and dispose off government-owned land parcels. Benefits of land banks: 1. Create unused lands into productive, revenue generating asset. 2. Monetization of land assets help government with required funds. 3. Promote investment at land availability known early and smooth procedural transfer. 4. Land use efficiency, especially when India's low population is 2nd land. 5. Promote eco of dams business helps companied gain a synergy. Concerns associated:
help in economic growth. Concerns associated: 1. Lack of digitized land records for exact status of land parcels. 2. Encroachment on some lands & pending litigations in courts. 3. Overall procedural haste due to delays, bureaucratic slide & harassment not given, etc. Land banks are important step in debt memorization goal of economic growth. They must be implemented in concert with National monetization pipeline.
Conclusion
Land banks are important step in debt memorization goal of economic growth. They must be implemented in concert with National monetization pipeline.
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Priyanka Choudhary
Land Reforms, Liberalization, Infrastructure & Investment
Land Reforms in India
Land banks
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