Cabinet Approves Bharat Audyogik Vikas Yojna (BHAVYA)
- 19 Mar 2026
On 18th March 2026, the Union Cabinet approved the Bharat Audyogik Vikas Yojna (BHAVYA) with an outlay of ₹33,660 crore to develop 100 plug-and-play industrial parks across India, boosting manufacturing, investment, and employment.
Key Points
- Scheme Objective: Promote manufacturing, attract investments, and generate large-scale employment under the vision of Viksit Bharat and Atmanirbhar Bharat.
- Industrial Parks Development:
- 100 plug-and-play industrial parks across the country.
- Park size ranging from 100 to 1,000 acres.
- Developed in partnership with states and private sector.
- World-Class Infrastructure:
- Ready-to-use ecosystems with roads, utilities, drainage, ICT systems.
- Value-added facilities: factory sheds, testing labs, warehousing.
- Social infrastructure: worker housing and amenities.
- Financial Support:
- Up to ₹1 crore per acre for core infrastructure.
- Additional support up to 25% of project cost for external connectivity.
- Ease of Doing Business:
- Single-window clearances and streamlined approvals.
- Pre-approved land and ready infrastructure reduce entry barriers.
- Faster transition from planning to production.
- Project Selection Mechanism: Challenge-based selection to ensure high-quality, investment-ready proposals
- Sustainable & Integrated Development:
- Aligned with PM GatiShakti for multimodal connectivity.
- Focus on green energy and sustainable resource use.
- Underground utility corridors for no-dig infrastructure.
- Economic Impact:
- Boost to manufacturing, logistics, and services sectors.
- Large-scale direct and indirect employment generation.
- Strengthening of domestic supply chains via cluster-based development.
- Beneficiaries: MSMEs, startups, large manufacturers, global investors, and local communities.
- Implementing Agency: National Industrial Corridor Development Corporation (NICDC), currently overseeing 20 projects across 13 states.
