BHAVYA-Rasayan Scheme: ₹3,030 Crore for 3 Chemical Parks
Why in the news
The Cabinet cleared BHAVYA-Rasayan on 24 July 2026, a Budget 2026-27 announcement, to build three dedicated chemical parks via State Governments.
Key facts
- Type: central sector scheme funding common infrastructure and basic utilities of chemical and petrochemical parks, not individual plants.
- Duration: FY 2026-27 through FY 2030-31 (5 years).
- Nodal body: Department of Chemicals and Petrochemicals (Ministry of Chemicals and Fertilizers).
- Selection: Challenge Route, a competitive review of State-proposed sites.
| Item | Provision |
|---|---|
| Outlay | ₹3,030 crore (₹3,000 crore infrastructure, ₹30 crore administration) |
| Central grant | Up to ₹1,000 crore per park |
| State minimum | ₹500 crore |
| Land per park | At least 8 sq. km (2,000 acres), contiguous, free of encumbrance |
Parent scheme
- BHAVYA, approved March 2026, targets 100 plug-and-play industrial parks with ₹33,660 crore.
- Rasayan is its chemicals vertical, with bigger plots because chemical clusters need scale and buffer zones.
Exam angle
- Numbers: 3 parks, ₹3,030 crore, ₹1,000 crore Centre cap, ₹500 crore State floor.