BHAVYA Scheme 2026: ₹33,660 Crore Plan for 100 Plug-and-Play Industrial Parks in India
Source: Mint
Context:
The Union Cabinet has approved the Bharat Audyogik Vikas Yojana (BHAVYA) with a total outlay of ₹33,660 crore.
The scheme aims to develop 100 plug-and-play industrial parks across India by 2032 to boost manufacturing, improve infrastructure, and enhance ease of doing business.
What is the BHAVYA Scheme?
The BHAVYA Scheme is a major industrial development initiative focused on creating ready-to-use industrial ecosystems with modern infrastructure and seamless connectivity.
It is designed to:
- Accelerate industrialisation
- Attract domestic and foreign investment
- Strengthen India’s manufacturing base
Key Highlights of the Scheme
- Total Outlay: ₹33,660 crore
- Target: 100 industrial parks
- Timeline: 6 years (2026–27 to 2031–32)
- Phase 1: Development of 50 industrial parks
- Integration: Linked with PM GatiShakti for multimodal connectivity
Key Features of BHAVYA Scheme
1. Plug-and-Play Infrastructure
- Ready-to-use industrial facilities
- Pre-approved clearances and utilities
- Reduced time for business setup
- Increased efficiency and productivity
2. Land Requirements
- Standard parks: Minimum 100 acres
- Hilly/Northeast regions: Minimum 25 acres
- Maximum size: 1,000 acres
This ensures inclusivity and supports regional development.
3. Financial Support
- Central assistance up to ₹1 crore per acre
- Encouragement of Public-Private Partnerships (PPP)
- Shared investment model
4. Multi-Stakeholder Model
Involvement of:
- Central Government
- State Governments
- Private sector
Ensures coordinated and efficient implementation.
Focus Areas of the Scheme
Manufacturing Competitiveness
- Enhances industrial capacity
- Supports “Make in India”
Infrastructure Modernisation
- World-class industrial ecosystems
- Smart industrial zones
Logistics Efficiency
- Integration with PM GatiShakti
- Improved supply chain and connectivity
Regional Development
- Special focus on:
- Northeast
- Hilly regions
- Balanced industrial growth