BHAVYA Scheme: ₹33,660 Crore Outlay for 100 Industrial Parks

Key facts

• The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, released guidelines for the BHAVYA Scheme to develop investment-ready, world-class industrial parks.
• The scheme aims to develop 100 industrial parks over six years from 2026-27 to 2031-32 with a total financial outlay of approximately ₹33,660 crore.
• In the first phase, up to 50 industrial parks will be selected through a challenge-based competitive selection process.
• Minimum land requirements are 100 acres for non-hilly states and 25 acres for hilly states, northeastern states, Union Territories, and smaller states, with a maximum limit of 1000 acres.
• Implementation will be undertaken through Special Purpose Vehicles (SPVs), with the National Industrial Corridor Development Corporation (NICDC) designated as the Project Management Agency (PMA).