Chief Secretary R K Sarasota said the new policy would do away with the requirement of acquiring the land, which is a time-consuming affair.
"The policy has been drafted under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. The policy speaks about compensation at the market rate," he said.
Several government projects were stuck due to unavailability of land, he said.
"The State government wants to expedite the procurement of land for setting up of various projects for public purposes. In this regard, the government has decided to bring a policy for procurement of land," he said.