Land Bank

Land Bank : The Uttar Pradesh government has announced plans to establish a 50-acre land bank in every district to facilitate the setup of medium, small-scale, and agro-based industries.

• About Land Banks: Quasi-governmental entities set up to manage and repurpose underutilized, abandoned, or foreclosed land assets.

o Aimed at ensuring balanced industrial and commercial development across all districts, avoiding regional concentration.

o District Magistrates and Development Authority Vice-Chairpersons have been directed to expedite the creation of land banks.

o The initiative is set to accelerate industrial growth by offering investors and entrepreneurs quick access to dispute-free, ready-to-use land.