Eastern Coalfields Limited (ECL) achieved a significant milestone in its Land Acquisition and R&R framework with the disbursement of the first One-Time Lump Sum (OTL) compensation in lieu of employment under the OTLA Scheme.
A cheque of ₹93,32,810 was handed over to Mr. Akash Deogharia of Lachmanpur village by Shri Satish Jha, Chairman-cum-Managing Director, ECL, in the presence of Md. Anzar Alam, Director (Finance); Shri Niladri Roy, Director (Technical/Operations); and Shri Girish Gopinathan Nair, Director (Technical/Planning & Projects).
The scheme offers land losers the option of a one-time financial package or annuity, providing flexibility, transparency and long-term financial security.
It particularly benefits marginal landowners and educated youth by enabling opportunities for entrepreneurship, higher education and self-employment.
This marks a significant step toward reform-oriented, people-centric land and R&R practices at ECL.
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