BHAVYA Rasayan Scheme (Bharat Audyogik Vikas Yojana Rasayan)

On 24th July 2026, the Union Cabinet approved the BHAVYA Rasayan Scheme for establishing three dedicated Chemical Parks across India.

  • The scheme was announced in the Union Budget 2026-27.

About the Scheme

  • Ministry: Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers.
  • Type: Central Sector Scheme.
  • Implementation Period: FY 2026-27 to FY 2030-31 (5 years).
  • Objective: To develop an integrated, environmentally sustainable, and globally competitive chemical manufacturing ecosystem by creating world-class industrial infrastructure, promoting investment, reducing logistics costs, encouraging import substitution, and integrating India into Global Value Chains (GVCs).

Key Features

  • Chemical Parks: Development of three dedicated Chemical Parks.
  • Funding Pattern: Central assistance of ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Economy Watch