Instituto Nacional de Colonización
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The Instituto acquired land which it transferred to the villagers under different conditions according to the area and the levels of poverty of the tenants. The tenants eventually were expected to pay a small sum that allowed them to become the future owners of the land they tilled.
This ambitious plan led to the establishment of new villages in different parts of Spain, some of which still survive. The Instituto reached a height of activity and influence during the first two decades of Francoist Spain, but after the Plan de Estabilización in 1959, and the subsequent Planes de Desarrollo, its autarkic goals and ideals became outdated. By 1971 the word "Colonization" had stopped being politically correct and the name of the entity was changed to Instituto Nacional de Reforma y Desarrollo Agrario (IRYDA). Provided by Wikipedia