LAND ACQUISITION DEPOSITS WITH EDC


The State Government in 2004 decided to mandate EDC with the management of Land Acquisition deposits. Since then as per the instructions issued by the State Government all the Departments, Corporations and other agencies, deposit the Land Acquisition amounts with EDC, as per the said procedure. The Land Acquisition Officers associated with the projects then withdraws these amounts for payment to the beneficiaries. Various circulars and orders issued in this regard are as follows:

1. Circulars No.1-53-2003/Fin(Bud) dated 02/01/2004 ….. VIEW

2. Circulars No.1-53-2003/Fin(Bud) dated 04/08/2006 ….. VIEW

3. Circulars No.1-53-2003/Fin(Bud) dated 12/10/2006 ….. VIEW

4. Circulars No.1-53-2003/Fin(Bud) dated 08/05/2009 ….. VIEW

5. Circulars No.1-53-2003/Fin(Bud) dated 11/02/2010 ….. VIEW

The above activity is managed by EDC as a agency business. EDC maintains project wise records and data pertaining to all the financial transactions. The list of Departments and Projects who have deposited the amount is updated regularly. Each project has been allotted a 7 digit Alphanumeric Code. The process flow has been standardized and streamlined. On request from the Land Acquisition Cell the payments are released within 7 working days. EDC also pays interest @4% p.a., as per instructions issued to the Finance Department, Govt. of Goa. An amount of Rs.1.65 crore has been paid as interest for the period ending 31st March, 2009.

OTHER IMPORTANT DOCUMENTS:

• POWER POINT PRESENTATION – MEETING HELD ON 16/12/2009 AND 18/12/2009
WITH THE DEPARTMENTS AND LAND ACQUISITION CELL ….. VIEW

• LIST OF DEPARTMENT (WITH DEPARTMENT CODE) ….. VIEW

• LIST OF PROJECTS (TALUKA WISE) ….. VIEW

• STANDARD OPERATING PROCEDURE ….. VIEW

CONTACT PERSONS:

1. Nilesh Naik , Asst. Mgr – 2221458 / 2425430
2. Vipin L. Makwana, Dy. Mgr – 2221458 / 2425430 / 9822689423

FAX : 2224938 / 2223542

Email : bsangle@edc-goa.com