Dear
Nitinji,
Farmers
are opposing this bill for the following reasons :
>
Low / Inadequate compensation
>
Once land is sold , not being able to benefit from the appreciation of land
value , when the project comes up
>
Private parties bought their land at low price and then sold it ( mostly to
private builders ) for a whooping profit
I
think there is a simple solution to the concerns expressed by the farmers .
Please consider the following :
>
Each project will be tied to a specific SPV , created for
that purpose only
>
In the first instance , affected farmers will create a "
Cooperative Society "
>
Co-operative Society will issue shares to each land-donor farmer , in
proportion to the QUANTITY / VALUE of the land donated by him
>
In turn , Co-operative Society will receive shares in the SPV , equal to the
value of the land + a cash compensation equal to 4 times the value of the land
>
Farmer's shares of Cooperative Society cannot be sold in open market before 5
years but can be gifted to wife / Children
>
Shares of Cooperative Society in the SPV itself cannot be sold for next 10
years
>
The " Cash-Value Compensation " received by the Co-operative Society
( ie 4 times the land value ), will be deployed as follows :
* To be immediately paid in cash to the farmers............ 2 times
* To be deposited in the Jan-Dhan Account of each farmer as FIXED DEPOSIT
( with 10 @ interest ).............2 times
Dear
Gadkariji ,
My
proposal will ensure :
>
Immediate attractive compensation to farmers
>
Recurring income from FD in Jan Dhan account ( for a
sustained livelihood )
>
Continued sense of " Ownership " in the SPV /
Project , which will facilitate QUICK implementation without resistance
>
Willing farmers themselves canvassing / convincing "
Reluctant " farmers
>
No fear of private parties benefiting by appreciation of land
value
>
A sense of " Enlarged Participation " thru Co-operative
Society representing them on the Board of Directors of SPV
>
Board Representation enabling farmers to ensure that honest
decisions are being taken
PLEASE
, GIVE THIS SUGGESTION A CONSIDERATION
with
regards,
hemen
parekh
Mumbai
(
M ) 0 - 98,67,55,08,08
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