"The Centre is planning to set up a land bank to facilitate and pace up social and economic development.
"Consent of the farmers and evaluation of social impact would be essential prerequisites for the acquisition of land of farmers for which they would be paid maximum compensation under the 13 Acts of the central government," Khattar said in a statement here.
Also, in case any landowner wanted to sell their land, the government would acquire it, he said.
In case the land is divided into pieces, the government may amend the Consolidation Act to consolidate it at one place.
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Lauding Prime Minister's decision not to repromulgate the Land Ordinance, Khattar said this reflected the Centre's pro-farmer stance, faith in democracy and concern for the development of the country.
The Land Acquisition Bill, introduced by the central government, was very much in the interest of the farmers, but the opposition parties had instilled fear in the minds and hearts of the farmers, he claimed.
Referring to the steps taken by the Haryana government for the welfare of farmers, the Chief Minister said that the previous government had initiated the process to acquire 3,664 acres and four kanals of land in 16 villages of Rewari district for the Manesar-Bawal Industrial Area and Logistic Hub. But after the farmers protested, the present government cancelled the acquisition of land, he said.
"This was the only decision taken by any state government under which land was freed from acquisition process and returned to the farmers," he added.