Kathmandu, July 28 -- The federal government has introduced a land bank system to bring unused private land and vacant plots into productive use through local government.

The initiative aims to enforce land-use classification provisions and increase productivity by ensuring the maximum utilisation of land resources. Under the system, local units will establish land banks to bring privately owned land that is unused or underutilised into use through specific conditions and incentives.

Under the arrangement, local units will issue notices inviting landowners who wish to make their land available through the land bank. Landowners must submit applications containing details such as ownership status, plot number, land area and the period for...