When it comes to land acquisition and similar activities, there are constant possibilities of corruption and monetary loss. The Indian Parliament passed the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act in 2013 to serve this purpose. It aims to provide fair compensation to those who lose their lands unethically in India.
Do you wish to find out more about the Right to Fair Compensation Act? Keep reading this article for a complete overview.
The Indian Government passed the RFCTLARR Act on 29th August 2013 to handle activities related to land acquisition, rehabilitation and resettlement in India. It brings more transparency in this process, helping those who lose their lands unfairly. As its name suggests, this law ensures the right to fair compensation to Indian citizens if their lands are taken away.
In most cases, the Government setting up infrastructure projects like factories or buildings might snatch land. Residents of those lands are left homeless. As per this Act, such people shall receive proper compensation. The compensation is four times the market value of their share in rural areas and twice the same value in urban areas.
Knowing about the objectives of an act to learn more about it. Here are the objectives of the Land Acquisition Rehabilitation and Resettlement Act:
The Act's primary purpose related to the right to fair compensation mainly aims at ensuring fair and transparent land acquisition in India. Its public purposes are listed below:
It is essential to understand the kind of compensation this Act offers if you wish to redeem it. Regarding affected landowners, here is the compensation policy under the Right to Fair Compensation Land Acquisition Act:
It is important to note that the three choices stated above must be the affected land owner’s legal right and not the land acquirer.
Nearly 22% of Indian citizens include SC/ST citizens. Here are some additional benefits that these citizens can get under this Act:
Apart from that, Schedule III of this Act offers other additional services, such as schools, roads, health centres, safe drinking water, places of worship, burial and cremation grounds, etc.
The RFCTLARR Act is authentic, passed by the Indian Parliament to protect the affected families’ interests because of land disputes and acquisitions. It affects both rural and urban households in India if their lands are in question. Here are the features and benefits of this Act to show its importance in India:
While the Rehabilitation and Resettlement Act has successfully improved the land acquisition and maintenance process, it also receives criticism for some of its shortcomings. Here are some problems with this Act that require attention:
Thus, the Right to Fair Compensation Act is a beneficial initiative from the Indian Parliament. It aims to ensure that the land acquisition process is fair and transparent. People who lose their lands to infrastructural projects are subject to receiving complete compensation for their losses. Moreover, farmers losing their jobs can also find new employment as per this Act.
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Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.
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