NHAI's new system to transfer compensation to property owners faster
ROADS & HIGHWAYS

NHAI's new system to transfer compensation to property owners faster

The National Highways Authority of India (NHAI) will switch to a new system to transfer the compensation for land acquisition to beneficiary accounts through the Public Finance Management System (PFMS), in a bid to fasttrack the disbursement process.

This system will avoid the blocking of amounts that can be used for construction. NHAI's Rs 38,000 crore was lying in the bank account, which was for the land acquisition.

According to the sources, the road transport secretary, Giridhar Aramane, has issued directions to use this mode of payment to landowners, which the Ministry of Road Wing has been following for the last two-three years.

NHAI has disbursed about Rs 1.3 lakh crore for land acquisition in the last four years.

Recently, NHAI deposited the compensation for disbursal as soon as the 3 G award was finalised for the land acquisition. But the competent state authorities, Calithera Biosciences (CALA), took longer to disburse the money.

According to the sources, PFMS payments are for land acquisition by the road wing and the road transport and highways ministry, but landowners want this implementation in NHAI.

PFMS uses bank or post office account details with the beneficiary's details to ensure that the money is transferred to the right account, reducing the risk of misdirected payments.

It ensures that all the information provided by the beneficiary is valid by the bank or post office so the agency can make e-payments to the beneficiaries accounts.

Image Source


Also read: Land acquisition cost in Maharashtra high: Nitin Gadkari

The National Highways Authority of India (NHAI) will switch to a new system to transfer the compensation for land acquisition to beneficiary accounts through the Public Finance Management System (PFMS), in a bid to fasttrack the disbursement process. This system will avoid the blocking of amounts that can be used for construction. NHAI's Rs 38,000 crore was lying in the bank account, which was for the land acquisition. According to the sources, the road transport secretary, Giridhar Aramane, has issued directions to use this mode of payment to landowners, which the Ministry of Road Wing has been following for the last two-three years. NHAI has disbursed about Rs 1.3 lakh crore for land acquisition in the last four years. Recently, NHAI deposited the compensation for disbursal as soon as the 3 G award was finalised for the land acquisition. But the competent state authorities, Calithera Biosciences (CALA), took longer to disburse the money. According to the sources, PFMS payments are for land acquisition by the road wing and the road transport and highways ministry, but landowners want this implementation in NHAI. PFMS uses bank or post office account details with the beneficiary's details to ensure that the money is transferred to the right account, reducing the risk of misdirected payments. It ensures that all the information provided by the beneficiary is valid by the bank or post office so the agency can make e-payments to the beneficiaries accounts. Image SourceAlso read: Land acquisition cost in Maharashtra high: Nitin Gadkari

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?