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Stamp Duty Waiver for Private Land Acquisition for Developing Solar Projects: CM
Stamp Duty Waiver for Private Land Acquisition for Developing Solar Projects: CM

Time of India

time24-04-2025

  • Business
  • Time of India

Stamp Duty Waiver for Private Land Acquisition for Developing Solar Projects: CM

1 2 Nagpur: In a major push to accelerate the implementation of the Mukhya Mantri Saur Krushi Vahini Yojana 2.0, the Maharashtra govt has announced a stamp duty waiver for private land acquisitions for developing solar parks or projects under the scheme. The decision, announced by chief minister Devendra Fadnavis on Thursday during a high-level review meeting held in Mumbai, is expected to ease the process for developers and attract faster investment into the state's ambitious solar mission. Under the project, 16,000 MW of solar power generation will be done in Maharashtra, making it the world's largest decentralised solar energy project. The solar power project is aimed at providing daytime electricity to farmers for agricultural pumps. CM Fadnavis also directed the completion of the project by September 2026 during the meeting. The goal is also to generate 7,000 MW of solar power by 2025. Meanwhile, as compared to the 690 MW generation target of 100 days, Maharashtra produced 746 MW. Despite this achievement, developers continue to face challenges related to forest clearance, environmental concerns, and security. So, Fadnavis on Thursday also instructed the formation of district-level task forces to address these issues. During the meeting, CM also claimed that while stamp duty was already waived for govt land, now the exemption would also apply to private land acquisitions for the solar projects under the scheme, following developer requests. CM also emphasised that forest rights granted to tribal farmers should be legally validated by the forest department to ensure they benefit from solar projects. "As solar projects are eco-friendly, the Forest and Environment Department should consider granting land use approvals and submit related proposals to the govt," he added. He also added that since the state govt already granted no objection for the use of private or govt land for solar projects, there is no need for an additional no objection certificate (NOC) from gram panchayats. CM Fadnavis instructed all district collectors and CEOs to act accordingly. During the meeting, additional chief secretary Abha Shukla said under the solar energy scheme, solar power projects are being set up across the state to operate all agricultural feeders. Currently, projects with a combined capacity of 15,284 MW are under construction. So far, 1,359 MW of solar energy capacity has been installed, providing daytime electricity to 2,14,000 farmers.

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