BHAVYA Scheme: Rs 33,660 crore for 100 plug-and-play industrial parks

Key facts

• The Union Cabinet Committee approved the Bharat Audyogik Vikas Yojna (BHAVYA) with an allocation of Rs 33,660 crore.
• BHAVYA will develop 100 plug-and-play industrial parks across India in partnership with state governments, central PSUs and private developers.
• Projects will be selected in challenge mode based on PM GatiShakti principles, underground utility corridors, green energy and ease of doing business reforms.
• The Centre will provide up to Rs 1 crore per acre for six years (FY 2026-27 to 2031-32) to industrial parks of minimum 100 acres.
• The scheme will facilitate approximately 34,000 acres of investment-ready, plug-and-play industrial facilities at competitive rates.
• Industrial parks ranging from 100 to 1,000 acres will be supported for core, value-added and social infrastructure.
• External infrastructure support up to 25% of project cost will be provided to ensure seamless connectivity.
• BHAVYA aims to benefit manufacturing units, MSMEs, startups, global investors, workers, logistics providers, service sector enterprises and local communities.