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NITI Aayog outlines simple policy on land leasing

Law will offer flexibility to land owners and tenants to decide on the term of lease and rent

Policy Pulse
Publish Date: Mar 31 2016 10:57AM | Updated Date: Mar 31 2016 10:57AM

NITI Aayog outlines simple policy on land leasing

With an aim to improve agricultural efficiency, NITI Aayog is going to introduce a new model law on land lease. 

 
This new model law will offer flexibility to land owners and tenants to decide on the term of lease and rent, thus making it simpler for the government to lease land for public-private partnership projects in sectors other than agriculture 
 
The idea is to simplify procedures for government to take land on long-term lease while the landowners keep ownership of land, earn an assured return and retain the option to renegotiate the terms once the initial terms of the lease expires 
 
The Aayog had set up an expert committee in September last year under T Haque, the former chairman of the Commission for Agricultural Costs and Prices, to prepare a model agricultural land leasing law in consultation with states, keeping in view the need to legalise and liberalise land leasing for much-needed agricultural efficiency, equity, occupational diversification and rapid rural transformation.