Land Acquisition Solution

Dear Nitin Gadkariji,

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

hcp@RecruitGuru.com

( M ) 0 - 98,67,55,08,08

www.hemenparekh.in

( Originally sent by email on 23 March 2015 )