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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 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.
CERSAI's was created to maintain a central registry of mortgages, where it contains the mortgage taken on a property along with certain details. CERSAI's mandate was extended in 2012 to start registration of security interests created through assignment of accounts receivables or factoring , through the passage of the Factoring Act, 2012.
The lack of credit loans coupled with improper government intervention had resulted in the livelihood of the farmers to go downhill. As commercial banks are not present in remote locations of India, where agriculture is supposed to thrive, it becomes an important limitation as the rural population has a strong dependence on it. [2]
A 2010 report by the Government of India, on labor whose livelihood depends on agricultural land, claims that, per 2009 data collected across all states in India, the all-India annual average daily wage rates in agricultural occupations ranged between ₹ [22] 53 and 117 per day for men working in farms (US$354 to 780 per year), and between ...
The company provided housing finance to individuals and corporations for purchase/construction of residential houses. [13] [17] The type of loans offered by company included loans for purchase and construction of a residential units, purchase of land, home improvement loans, home extension loans, non-residential premise loans for professionals and loan against property and repayment options ...
Joint liability groups are a concept established in India in 2014 by the rural development agency, National Bank for Agriculture and Rural Development (NABARD) to provide institutional credit to small farmers. [1] [2]
Farm suicides per 100,000 farmers can be reliably calculated for 2001 because accurate data on the number of farmers in the country and states are available for 2001 from the Census of India. The farm suicide rate was 12.9 suicides per 100,000 farmers, which was higher than the general suicide rate at 10.6 for 2001 in India. [94]