On March 18, 2026, the Union Cabinet chaired by the Prime Minister (PM) Narendra Modi approved Rs 33,660 crore Bharat Audyogik Vikas Yojna (BHAVYA) scheme for developing 100 plug-and-play industrial parks across the country.
- This newly approved scheme aims to develop world-class industrial infrastructure, unlocking manufacturing potential and driving India’s growth story.
About BHAVYA Scheme:
Implementation: BHAVYA scheme, structured on the success of Industrial Smart Cities developed under the National Industrial Corridor Development Programme (NICDP) framework, will be implemented in partnership with states and private sector players.
Project Selection Process: Under the new scheme, projects will be selected through a challenge mode to ensure only high-quality, reform-oriented and investment-readiness proposals.
- Further, industrial parks ranging from 100 to 1000 acres will be undertaken for development.
Financial Assistance: The Government of India (GoI) will provide up to Rs1 crore per acre for:
- Core infrastructure (internal roads, underground utilities, drainage, common treatment facilities, Information and Communication Technology (ICT) and administrative systems)
- Value-added infrastructure (ready-built factory sheds, built-to-suit units, testing labs, warehousing)
- Social infrastructure (worker housing and support amenities)
Allocation for External Infrastructure: The GoI has decided to allocate a maximum 25% of the project cost for external infrastructure, ensuring seamless connectivity and integration with existing networks.
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