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LATEST NEWS UPDATES | How poor land records add to farm frustration -Ajai Sreevatsan

How poor land records add to farm frustration -Ajai Sreevatsan

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published Published on Dec 22, 2020   modified Modified on Dec 23, 2020

-Livemint.com

For over 30 years, since 1988, India has been trying to fix the poor quality of its land records; new schemes have begun yet again. But rural land markets remain mostly illiquid, trapping farmers in agriculture. Mint explains

For over 30 years, since 1988, India has been trying to fix the poor quality of its land records; new schemes have begun yet again. But rural land markets remain mostly illiquid, trapping farmers in agriculture. Mint explains.

* Why do land records matter in this context?

In large parts of India, many key economically relevant facts about land—such as ownership, extant of boundary, pending legal claims, among others—are not easily verifiable. Even the simple act of digitizing existing records has moved at snail’s pace, with the task remaining incomplete in many states. Disputes, counter-claims and legal tangles are common in India’s land markets. These bottlenecks matter because 77% of average Indian household’s assets are locked up in land and real estate, according to RBI. In the US, this share is about 40%. For many Indian farmers, land would be the only tangible high-value asset.

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Livemint.com, 22 December, 2020, https://www.livemint.com/news/india/farm-frustration-is-linked-to-land-record-missteps-11608568314500.html


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