3 weeks ago
Maharashtra Cabinet Approves Land Compensation Revisions and Renewable Energy Concessions
The government leaders of a big state in India called Maharashtra held a meeting called a Cabinet meeting.
They made many new decisions to help people and companies.
One decision was about land — when the government buys land from people, it sometimes pays them late.
Now, if the payment is late, the government must pay extra interest, a bit more than the rate set by India's central bank.
Another decision was to help companies that build clean energy, like solar and wind power.
These companies will not have to pay a tax called stamp duty when they move land between their own companies.
This saves them money so they can start their projects sooner.
The leaders also changed rules for starting private skill universities, which teach job skills, and approved a large loan for a sugar factory.
They also let colleges start a new subject called social work and approved money for a new court.
All these decisions will affect schools, courts, farms, and energy projects across the state.
The Maharashtra Cabinet approved revising the interest rate on delayed land acquisition compensation to one percentage point above the RBI's lending rate to commercial banks.
Stamp duty will be fully waived on internal land transfers between group companies and special purpose vehicles set up for renewable energy projects.
A 25% concession in land transfer fees was approved for land purchased for renewable energy projects.
The new provisions will be incorporated into the state's renewable energy and energy storage policy (2025-26 to 2035-36).
Other decisions included new agriculture department posts, a Rs 18.09 crore NCDC loan for a cooperative sugar factory, revised private skill university rules, and a new court at Hadgaon.
- Who
- The Maharashtra Cabinet, the state government of Maharashtra, India
- What
- Approved revisions to interest rates on delayed land acquisition compensation, stamp duty concessions for renewable energy projects, and several other policy and administrative measures
- Where
- Maharashtra, India (announced from Mumbai)
- When
- Tuesday, August 11
- Why
- To bridge the gap between the existing interest rate on delayed compensation and prevailing bank lending rates, and to promote renewable energy projects and other state reforms
Key facts
- Government
- Maharashtra, India
- Interest rate on delayed compensation
- 1 percentage point above RBI's lending rate to commercial banks
- Stamp duty on internal renewable energy land transfers
- Fully waived
- Land transfer fee concession for renewable projects
- 25%
- Renewable energy policy period
- 2025-26 to 2035-36
- Sugar factory loan approved
- Rs 18.09 crore from NCDC for cooperative factory at Killari, Latur
- Private skill university application fee
- Rs 1 crore
- Recognised social work colleges in Maharashtra
- 69 (18 unaided, 1 closed)








