Modi government launches land bank, investors sitting at home will get these benefits

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Start of new bank

The central government has started a special kind of bank. Through this banking system, you will get to know digitally how much land is available for business in which state. With this, you will be able to find out all the information related to the land.

Equipped with gis

Inaugurating the National Land Bank equipped with Geographical Information System (GIS), Union Commerce and Industry Minister Piyush Goyal said that investors will be able to get information about the availability of industrial land and resources.

6 states connected

Only six states are connected to the land bank system. However, the government hopes that all the states and union territories will be added by December 2020. This bank is still in the initial stage and will be made more efficient and transparent for land identification and purchase later. For this, the states will also have to give information about the land in their area.

Includes 4,75,000 hectares of land

The Ministry of Commerce and Industry said in a statement, “The system covers more than 3,300 industrial parks in 31 states and union territories, covering 4,75,000 hectares of land.” The information available includes forest, drainage, heat map of raw materials (agriculture, horticulture, mineral layers), different levels of connectivity, etc. “

Single Window System Emphasis

Piyush Goyal said that reciprocal steps can be implemented in countries where Indian companies have to face restrictions. The minister emphasized to develop a single window system to provide all necessary approvals from the state governments and the central government to start business in the country.

Investors benefit

Piyush Goyal said, “This may eliminate the need for investors to visit multiple platforms / offices to gather information and get approval from various stakeholders.” It can leverage the capabilities of existing systems and provide real-time status information to investors. “

Industrial Information System-GIS Integration

Let us tell you that this banking system has been prepared by integrating Industrial Information System (IIS) and Geographical Information System (GIS) of the states.

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