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Tags Current Affairs

Samadhan-se-vikas

Date: 09 July 2020 Tags: Miscellaneous

Issue

 The Haryana government has now introduced a one-time settlement scheme for recovery of EDC, known as Samadhan-se-vikas.

 

Background

Several real estate giants in Haryana have not deposited hundreds of crores of rupees worth mandatory External Development Charges (EDC) and Infrastructural Development Charges (IDC) for the residential and commercial colonies they have built across Haryana. 

 

Details

  • The documents reveal that in certain cases, the bank guarantee for several developers is nil, while their outstanding EDC is in crores. The outstanding amount continues to get accumulated over the years. 

  • The new scheme is called ‘Samadhan se Vikas’. It is modelled on the central scheme of ‘Vivad se Vishwas-2020’. The scheme will be applicable to the full outstanding EDC including interest as well as penal interest.

  • In case a coloniser deposit 100 percent of the outstanding principal amount against EDC as well as 25 percent of the accumulated interest and penal interest within six months from the date of notification of this scheme, the balance 75 percent of the accumulated interest and penal interest shall be waived off.

  • In case a coloniser deposits at least 50 per cent of the outstanding principal amount against EDC as well as 50 per cent of the accumulated interest and penal interest, within six months from the date of notification of this scheme, the balance 50 per cent of the accumulated interest and penal interest shall be waived off.

  • In case the coloniser does not clear alleged EDC dues within the said two-year period, the waiver of balance 50 per cent of the accumulated interest and penal interest will stand annulled and the original EDC schedule shall come into play.

 

 EDC and IDC

  • The developer is supposed to pay External Development Charges (EDC) to civic authorities for maintenance of civic amenities within the periphery of the developed project including construction of roads, water and electricity supply, landscaping, maintenance of drainage and sewage systems, waste management etc.

  • The EDC is decided by the civic authorities. In many cases, the developer collects it from home buyers, but does not pay it to civic authorities.

  • Infrastructure Development Charges (IDC) is collected by the state government for the development of major infrastructure projects across the state.

  • These funds are utilised for socio-economic growth including construction of highways, bridges, and transportation network etc.

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