New Delhi: The Union Cabinet has approved the Bharat Audyogik Vikas Yojna (BHAVYA) to accelerate industrial growth in the country.
The scheme has allocated Rs. 33,660 crore for developing 100 plug-and-play industrial parks across the country. It aims to build world-class industrial infrastructure, unlock manufacturing potential, and drive India’s future growth.
BHAVYA will be implemented in partnership with states and private sector players. Its implementation model is based on the success of Industrial Smart Cities developed under the National Industrial Corridor Development Programme (NICDP) framework.
Focus Areas of the Scheme
The major focus areas of the scheme will be
Facilitating deregulation and ease of doing business
Streamlining approvals, implementing effective single-window systems, and investor-friendly reforms led by states
Deliver plug-and-play industrial ecosystems, enabling industries to move from intent to production with speed and certainty
Providing pre-approved land, ready infrastructure, and integrated services to reduce entry barriers for investors
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Under the scheme, industrial parks ranging from 100 to 1000 acres will be taken up for development. Financial support of up to Rs. One crore per acre will be provided for:
Core infrastructure (internal roads, underground utilities, drainage, common treatment facilities, ICT and administrative systems)
Value-added infrastructure (ready-built factory sheds, built-to-suit units, testing labs, warehousing)
Social infrastructure (worker housing and support amenities)
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Support for external infrastructure will also be provided up to 25% of the project cost, ensuring seamless connectivity and integration with existing networks.
Project selection will be undertaken through a challenge mode, ensuring that only high-quality, reform-oriented, and investment-ready proposals are taken forward.
Expected Future Impact
BHAVYA is expected to drive large-scale job creation, generating both direct and indirect employment across manufacturing, logistics, and services. The scheme will extend to all states and union territories, creating lakhs of employment opportunities across the country.
By fostering cluster-based development and enabling co-location of industries, suppliers, and service providers, BHAVYA is expected to strengthen domestic supply chains, promote regional industrialisation, and create new opportunities for millions of people.
