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
( M ) 0 - 98,67,55,08,08
( Originally sent by email on 23 March 2015 )
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