Bharat Audyogik Vikas Yojna | 19 Mar 2026

Source: PIB 

The Union Cabinet has approved the Bharat Audyogik Vikas Yojna (BHAVYA) with an outlay of Rs. 33,660 crore to establish 100 plug-and-play industrial parks. 

• Plug-and-Play Ecosystem: The scheme provides pre-approved land and ready infrastructure (100 to 1,000 acres), allowing industries to transition from "intent to production" without delays in land acquisition or approvals. 
• Financial Support: The Centre will provide up to Rs. 1 crore per acre for core (internal roads, drainage), value-added (testing labs), and social infrastructure (worker housing), plus 25% of project costs for external connectivity. 
• Selection Mechanism: Projects will be selected via a "Challenge Mode," ensuring high-quality, reform-oriented, and investment-ready proposals from States and UTs. 
• Strategic Integration: Aligned with PM GatiShakti principles, the parks will feature multimodal connectivity, green energy, and integrated underground utility corridors for a "no-dig" environment. 
• Implementation Framework: It will be implemented under the framework of the National Industrial Corridor Development Programme (NICDP) by the National Industrial Corridor Development Corporation (NICDC), in partnership with states and the private sector. 
  • NICDC functions under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry. 
• Beneficiaries: The primary beneficiaries include manufacturing units, MSMEs, startups, and global investors seeking ready-to-use industrial infrastructure. 
  • Secondary beneficiaries include workers, logistics providers, service sector enterprises, and local communities.