+
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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code