Land reforms and actions to be incentivized for completion within next 3 years

New Delhi [India], July 23 : While presenting the Union Budget 2024-25 in Parliament on Tuesday, the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman said land-related reforms and actions, both in rural and urban areas, will be incentivized for completion within the next three years through appropriate fiscal support, the Ministry of Finance said in a release.
According to the release, the reforms will cover land administration, planning and management, urban planning, usage and building by-laws.
Sitharaman elaborated that rural land-related actions will include the assignment of a Unique Land Parcel Identification Number (ULPIN) or Bhu-Aadhaar for all lands, digitization of cadastral maps, survey of map sub-divisions as per current ownership, establishment of land registry and linking to the farmer's registry.
These actions will also facilitate credit flow and other agricultural services.
Regarding urban land-related actions, the Finance Minister said that land records in urban areas will be digitized with GIS mapping. An IT-based system for property record administration, updating, and tax administration will be established. These will also facilitate improving the financial position of urban local bodies, she added.