Govt. permits leasing of assigned land to renewable energy companies in Andhra Pradesh

The Hindu
The Hindu
13h ago 5 views
The Andhra Pradesh government has approved leasing assigned lands to renewable energy companies, aiming to support small farmers and promote clean energy.
Govt. permits leasing of assigned land to renewable energy companies in Andhra Pradesh
A What happened
In a recent Cabinet meeting, the Andhra Pradesh government approved a policy allowing the leasing of assigned lands to renewable energy companies. This decision is part of broader revenue reforms aimed at supporting small and marginal farmers. The state has approximately 36.36 lakh acres of assigned land, with about 26.43 lakh acres eligible for leasing to companies involved in solar, wind, and biogas projects. Farmers leasing their land can expect to earn between ₹30,000 and ₹40,000 per acre annually, with a 5% increase every two years. Additionally, unemployed family members will be prioritized for jobs in these renewable energy projects. The initiative is designed to uplift poor farmers and position Andhra Pradesh as a hub for renewable energy.

Key insights

  • 1

    Support for Small Farmers

    Leasing land to RE companies provides stable income for small farmers.

  • 2

    Job Opportunities

    Unemployed family members of farmers will receive job priority.

  • 3

    Renewable Energy Growth

    The policy aims to enhance the state's clean energy sector.

Takeaways

The leasing of assigned lands for renewable energy projects in Andhra Pradesh is a strategic move to support small farmers and promote sustainable energy, potentially transforming the state's economy and job market.

Topics

Agriculture Economy Energy