The Central Government has planned to set up a land bank to facilitate and pace up social and economic development. Consent of the farmers and evaluation of social impact would be essential prerequisites for the acquisition of land of farmers for which they would be paid maximum compensation under the 13 Acts of the Central Government.<br/> <br/>Stating this at Chandigarh today, the Haryana Chief Minister Manohar Lal Khattar, said that in case any landowner wanted to sell land on his own, the government would acquire it. If land is required for any project, it would be acquired by putting an advertisement in the newspapers. He said that thereafter, the process would be initiated for its purchase with the consent of the owner. In case the land is divided into small holdings, the government may amend the Consolidation Act to consolidate it at one place, he added.<br/> <br/>Lauding the decision of the Prime Minister Narendra Modi, not to continue with the Land Acquisition Bill, he said that this reflected his pro-farmer stance, faith in democracy and concern for the development of the country.