To ensure a seamless transfer of land for industrial projects under the Make-in-Odisha initiative, the state government cut the land purchase contingency from 20% to 7% of the cost of acquisition.
According to the new rule, 5% of the projected cost of land purchased directly would go into government accounts, while 2% will be kept in the bank account of the district collector or special land acquisition officer. From the two percent, 0.10 percent will be sent to the department of revenue and disaster management, and 0.20 percent will go to the relevant revenue divisional commissioner (RDC).
The sum to be held by the district collector/special land acquisition officer will be used for the purposes listed in the guidelines of accounting procedure regulations for land acquisition contingencies, according to a notification from the Revenue department.
In the case of land purchased through IDCO, the state PSU will keep 3.5% of the cost, while 2% will be transferred to the collector’s account and 1.5% to the government’s treasury. The selected government account will be credited with the interest that accumulated on the money placed for land acquisition contingencies. This was carried out in accordance with the Task Force’s recommendations, which included amending the current revenue rules to make it easier to transfer land for industrial projects funded by the Make-In-Odisha initiative.
Prasanta Patnaik 
amfnews