Cabinet Approves BHAVYA Scheme: ₹33,660 Crore for 100 Plug-and-Play Industrial Parks
Union Cabinet approved BHAVYA (Bharat Audyogik Vikas Yojna) on March 18, 2026 — ₹33,660 crore over 6 years to develop 100 plug-and-play industrial parks across 33,600 acres, expected to generate 15 lakh direct jobs via DPIIT and NICDC.
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Key Points for RAS
- Union Cabinet approved BHAVYA (Bharat Audyogik Vikas Yojna) on March 18, 2026 under PM Narendra Modi.
- Total financial outlay of ₹33,660 crore over six years from FY 2026–27 to FY 2031–32.
- Scheme aims to develop 100 world-class plug-and-play industrial parks across approximately 33,600 acres.
- Nodal ministry is DPIIT; implementation through National Industrial Corridor Development Corporation (NICDC).
- Parks will offer ready-to-use infrastructure: roads, power, water, telecom, and logistics connectivity.
- States, CPSEs, and private players can all participate in setting up these parks.
- BHAVYA is expected to generate 15 lakh direct jobs in manufacturing and significant indirect employment.
- Scheme complements Make in India and Production Linked Incentive (PLI) schemes.
- For Rajasthan, BHAVYA offers opportunity to leverage the Delhi-Mumbai Industrial Corridor (DMIC) and mineral wealth.
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the Bharat Audyogik Vikas Yojna (BHAVYA) on March 18, 2026, with a total financial outlay of ₹33,660 crore over six years from FY 2026–27 to FY 2031–32. The scheme aims to develop 100 world-class plug-and-play industrial parks spread across approximately 33,600 acres nationwide, with the nodal ministry being the Department for Promotion of Industry and Internal Trade (DPIIT) and implementation through the National Industrial Corridor Development Corporation (NICDC).
The parks will offer ready-to-use infrastructure including roads, power, water, telecommunications, and logistics connectivity, enabling industries to commence operations without procedural delays. States, Central Public Sector Enterprises (CPSEs), and private players can participate in setting up these parks. BHAVYA is expected to generate 15 lakh direct jobs in manufacturing, plus significant indirect employment in logistics and services. The scheme complements India's Make in India initiative and the Production Linked Incentive (PLI) schemes. For Rajasthan, which already benefits from the Delhi-Mumbai Industrial Corridor (DMIC), BHAVYA offers an opportunity to set up new industrial parks leveraging the state's mineral wealth and improving its investment climate post the Rising Rajasthan Summit 2024.
Frequently Asked Questions
1 What does BHAVYA stand for and when was it approved?
BHAVYA stands for Bharat Audyogik Vikas Yojna. It was approved by the Union Cabinet on March 18, 2026 under PM Narendra Modi.
2 What is the total outlay and duration of the BHAVYA scheme?
The scheme has a total financial outlay of ₹33,660 crore over six years from FY 2026–27 to FY 2031–32.
3 How many industrial parks will be developed under BHAVYA?
100 world-class plug-and-play industrial parks spread across approximately 33,600 acres will be developed nationwide.
4 Which ministry and agency will implement BHAVYA?
The Department for Promotion of Industry and Internal Trade (DPIIT) is the nodal ministry, and the National Industrial Corridor Development Corporation (NICDC) will implement the scheme.
5 What is the employment generation target of BHAVYA?
The scheme is expected to generate 15 lakh direct jobs in manufacturing, along with significant indirect employment in logistics and services.
Mains Exam Angle
Practice question with model answer for RAS Mains
Q: Examine the BHAVYA scheme's ₹33,660 crore outlay for 100 plug-and-play industrial parks as a catalyst for India's manufacturing growth and Rajasthan's industrial ecosystem.
Answer (50 words):
Cabinet approved BHAVYA on March 18, 2026 with ₹33,660 crore over six years to develop 100 plug-and-play industrial parks across 33,600 acres, implemented by DPIIT through NICDC, targeting 15 lakh direct jobs. Rajasthan, leveraging the Delhi-Mumbai Industrial Corridor and Rising Rajasthan Summit 2024, can attract substantial manufacturing investment.
RPSC Syllabus Mapping
Industrial Growth & Economic Reforms
Indian Economy
Infrastructure Development
Economy of Rajasthan
Economic Growth & Sustainable Development
Indian Economy