Appropriation of Compensation Money Means Securing a Prosperous Future

The beneficiary landowners whose lands are covered under ROW and are being utilized for the Maharashtra Samruddhi Mahamarg Project are being guided about various appropriate investment options and applications for the compensation amount received. This blog talks about the same.

After executing land deals with the landowners whose lands are to be utilized for the Maharashtra Samruddhi Mahamarg, the compensation amounts have been deposited into their respective bank accounts via RTGS. That being said, guidance as to how and where to properly invest the said compensation amount, similarly the care to be taken while duly allocating such money for expenses has been given on the basis of the following points:

• Can be utilized to buy more land in the nearby areas: The farming business can be carried out on a larger scale by investing the compensation money in new land.
• Can be kept safe in various deposit schemes with Nationalized Banks or the Post Office: By investing with Nationalized Banks or the Post Office, the landowners can secure their future and save up for a rainy day.
• Can be kept as deposits in joint accounts: Landowners can keep aside some amount for their children’s education, household expenses by opening joint bank accounts and depositing the compensation money in such accounts.
• Can be invested in modern equipments, machines: Landowners can utilize the compensation money to purchase modern agricultural equipments, vehicles, similarly for cottage industries – goods, tools, machinery and animals.

The video titled “Samruddhi Bungalow” tries to highlight the importance of appropriately investing the compensation money taking into consideration the above-mentioned points. Click on the link below to view the said video.