Making a case for the government’s move to amend the Land Acquisition Act, 2013, finance minister Arun Jaitley on Wednesday said it would create jobs for 300 million landless workers.
“Under the Land Acquisition Bill we are bringing the industrial corridors which would be set up in the country, those backward people, the 300 million landless people would get employment opportunities,” he said at the launch of the MUDRA Bank.
The amendments to the Land Acquisition Bill that have already been passed by the Lok Sabha propose exemptions from provisions of the law for land being acquired for five more purposes including construction of industrial corridors.
The Bill has already been passed by the Lok Sabha and will be taken up by the Rajya Sabha when it re-convenes later this month.
Stressing that the government’s priority is to create employment opportunities for all, the finance minister said that it will focus on providing employment to tribals and landless workers as well.
Pointing out that the government has begun providing social security benefits to the poor through bank accounts under the Pradhan Mantri Jan-Dhan Yojana, Jaitley announced that the next phase of the programme would be extended to provide healthcare schemes.
“We are working on providing the poor people benefits of healthcare schemes (under Jan-Dhan) in the next phase,” he said.
Meanwhile, Jaitley said that the government, since taking over last year, has taken a number of steps to improve economic growth and MUDRA Bank would give a further boost to GDP growth.
“About 20 per cent of the country’s population is self employed or working in micro and small businesses. But there is no institutional arrangement for them for finance,” he pointed out.