Impact Of Land Acquisition On Economic Condition Of Farmers

Abstract

The land is the most essential assets for the development and growth of any nation, particularly for development of infrastructure. “Land Acquisition Act 1894” as a tool for land acquisition. Land Acquisition Act 1894 is main act which well be base of the upcoming acts. The objective of the paper is to examine the impact of land acquisition on economic condition of farmers belonging to different categories of land holding in district sonipat. The sample size of the study was 200 farmers of five villages of sonipat District. From these villages the sample of 200 farmers has been divided on the basis of land holding in hectares. Before and after acquisition of land, indicates a considerable change through investment, employment, assets generated and repayment of debt by the farmers belonging to different holding of land. The government should modify the policy because most of the land losers were not satisfied with the compensation as private companies were providing multiple amounts for the same land at the same time.