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Expected benefits after tenancy reforms:
♤ Reforming tenancy laws and replacing them with contracts will protect property rights, bring more land under cultivation, and encourage investment. Returns for cultivators and owners both will increase.
♤ Legal documents can lead to improvement in the terms of land use and facilitate access to credit and other social security benefits from the government for tenants and cultivators.
♤ This would give greater sense of security to the owner who wants to lease out land and it will also give greater certainty of tenure to the tenant.
♤ It will open doors for the consolidation of the operational land holdings.
The tenancy reforms indeed are an important step. The equitable distribution will require creating good jobs in the industries and services to which some landless rural workers and marginal farmers can migrate. To achieve this aim we should enact Model Land Leasing Act proposed by NITI Ayog.