23/05/2014
When government implement land acquisition programmes, the government buys the land from the landowners, usually farmers. The farmers are suddenly sitting on a pile of cash which they do not know how to effectively manage it. Some of it is spent on lavish weddings and other social activities which exhausts the cash in a short period of time. These former landowners end up working as security guards and office boys in the complexes that are developed on the land. However, being owners earlier, they do not fit in with the kind of jobs they work. To mitigate this, the Government should have a policy where the people who own the land are given skill development training where they can set up their own small enterprises (with the compensation amount they received after selling the land) which can help them have a sustainable income. This will help them own small and growing enterprises (SGBs), where they organisations who set up their offices in the developed land can become clients of these SGBs. The link to the two page article is given below: www.varhadcapital.com/wp-content/uploads/2014/04/Farmers-build-good-SGBs.pdf
