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BHAVYA-Rasayan Scheme: Cabinet Nod for Three Chemical Parks

27 July 20261 min read
GOVERNMENT SCHEMESBHAVYA-RasayanScheme: CabinetNod for ThreeChemical Parks27 July 2026safalsetu.com

Why in the news

The Union Cabinet gave its nod to a scheme that will create three big chemical parks, with States leading on development.

Key facts

  • Name: BHAVYA-Rasayan Scheme; approved by the Union Cabinet.
  • Total outlay: ₹3,030 crore.
  • Goal: set up three large chemical parks.
  • Period: FY27 to FY31.

Scheme design

ElementDetail
Outlay₹3,030 crore
Support for common infrastructure and utilities₹3,000 crore
Number of parksThree
DeveloperState governments
SelectionChallenge-based process
Minimum land per park2,000 acres

Exam angle

  • Numbers to recall: ₹3,030 crore, three parks, 2,000 acres.
  • Duration: FY27-FY31; selection route: challenge method among States.

Test yourself

1. How many large chemical parks will the BHAVYA-Rasayan Scheme set up?

The scheme aims to establish three large chemical parks.

2. What is the minimum land requirement for each park under the BHAVYA-Rasayan Scheme?

Each park requires at least 2,000 acres.

3. How will the parks under the BHAVYA-Rasayan Scheme be developed?

State governments develop the parks via a challenge-based selection process.

This topic is part of Daily Current Affairs 26 & 27 July 2026 (23 topics).

All topics of the dayDay quizJuly 2026

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