Land Purchase Scheme
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- Land Purchase Scheme
- Under the Land Purchase scheme, one acre of wetland or two acres of dry land will be
purchased from non-SC/ST land owners.
- The land will be registered in the name of the wife of the family.
- The unit cost is Rs.15.00 lakhs for 26 districts, and for the remaining four districts unit
cost is
Rs.20.00 lakhs (Bengaluru Urban, Bengaluru Rural, Chikkaballapura, and
Ramanagara)
- The subsidy will be 50%, and the term loan will be 50% of the unit cost.
- The beneficiary has to repay the loan in 10 yearly instalments. (Interest Rate is 6%)
- Land Seller should not belong to Scheduled Caste or Scheduled Tribe.
- The price of the land will be decided by the Deputy Commissioner of the concerned
District.