The Andhra Pradesh Chief Minister N Chandrababu Naidu has announced the land pooling policy for development of the new capital.
As per the policy, for farmers who have patta lands, and whose one acre land has been taken for capital development, they will be given 1000 yards of residential and 200 yards of developed commercial land.
In the case of assigned lands, were one care land has been taken away from the farmer, he would get 800 yards of developed residential area and 100 yards of commercial land. In addition, for one acre, a farmer parts with, he would get Rs 30,000 per year with an escalation of Rs 3,000 per year.
Once a farmer hands over the land, he would be handed over a Land Pooling Ownership Certificate. And the developed land would be handed over within three years.
In the case of farmers who are residing in the area where capital is being developed, all the 22,405 farmers would be exempt from farm loans. Accordingly, about Rs 200 crore would be earmarked for loan waiver of these farmers.
In case of farmers who offer their land located in different places in the capital region, they would be allotted developed land at one place if they so wish.