The Andhra Pradesh State Cabinet has given its nod for the new land allotment policy for industries.
As part of the new policy, the Cabinet, at the meeting chaired by Chief Minister Y.S. Jagan Mohan Reddy at the Secretariat at Velagapudi, near here, on November 3, decided to implement the sale deed system and do away with the lease system in vogue currently. The allotment, however, would come with a rider that the extent of land should be used only for setting up industries.
The decision was taken to facilitate entrepreneurs to avail themselves of loans from the financial institutions.
