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The first Land Development Bank was started at Jhang in Punjab in 1920. However, real progress began when the land development bank was established in Chennai in 1929. [2] Not only that, land banks, land mortgage banks, agriculture banks, agriculture development banks are now called land development banks in modern world.
Blighted land in Philadelphia. Land banking is the practice of aggregating parcels of land for future sale or development.. While in many countries land banking may refer to various private real estate investment schemes, in the United States it refers to the establishment of quasi-governmental county or municipal authorities tasked with managing an inventory of surplus land.
The National Bank for Agriculture and Rural Development (NABARD) is an All India Development Financial Institution (DFI) [4] and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India. [5]
Regional rural banks (RRBs) are government owned scheduled commercial banks of India that operate at the regional level in different states of India. These banks are under the ownership of the Ministry of Finance , Government of India , Sponsored Bank and concerned State Government in the ratio of 50:35:15 respectively.
Along with the cheque, the government is also giving the new Pattadar Passbook, the title deed after an exercise to purify the land records was done by the government. The new passbook is highly secure with 17 tamper-proof security features, and a land bank website, Dharani, to have all land holdings in the state. [10]
The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (also Land Acquisition Act, 2013 or LARR Act [1] or RFCTLARR Act [2]) is an Act of Indian Parliament that regulates land acquisition and lays down the procedure and rules for granting compensation, rehabilitation and resettlement to the affected persons in India.
The special banks providing Long Term Loans are called Land Development Banks (LDBs). The first LDB was started at Jhang in Punjab in 1920. This bank is also based on cooperative. The main objective of the LDBs are to promote the development of land, agriculture and increase the agricultural production.
Soon United Front came into power in West Bengal on 1967 the Communist Party of India (Marxist) leader Hare Krishna Konar and Benoy Choudhury started the India's first land reform on 1967 this was enacted up to the united front loss its power on 1971 and after 6 years in 1977, the Communist Party of India (Marxist) (CPI(M)) kept their word and ...