The Union Cabinet on March 18 approved the Bharat Audyogik Vikas Yojna (BHAVYA) with an outlay of ₹33,660 crore to develop 100 plug-and-play industrial parks across India. Parks ranging from 100 to 1,000 acres will feature core infrastructure (roads, utilities, drainage, ICT), factory sheds, testing labs, warehousing, and worker housing. Financial support of up to ₹1 crore per acre is available for core infrastructure, with external infrastructure support capped at 25% of project costs. The National Industrial Corridor Development Corporation (NICDC), under DPIIT, Ministry of Commerce, will anchor implementation. BHAVYA is expected to generate lakhs of jobs across manufacturing, logistics and services.
Cabinet Approves BHAVYA Scheme: ₹33,660 Crore for 100 Plug-and-Play Industrial Parks
AQuick answer
Cabinet approved BHAVYA scheme for ₹33,660 crore to develop 100 plug-and-play industrial parks; NICDC to implement.
Key facts
- The Union Cabinet approved the Bharat Audyogik Vikas Yojna (BHAVYA) on March 18 with an outlay of ₹33,660 crore to develop 100 plug-and-play industrial parks.
- Parks will range from 100 to 1,000 acres with core infrastructure including roads, utilities, drainage, ICT, factory sheds, testing labs and worker housing.
- Financial support of up to ₹1 crore per acre is available for core infrastructure, with external infrastructure support capped at 25% of project costs.
- The National Industrial Corridor Development Corporation (NICDC) under DPIIT, Ministry of Commerce, will anchor implementation.
- BHAVYA is expected to generate lakhs of jobs across manufacturing, logistics and services.
Mains angle
Q: Examine how the Cabinet-approved BHAVYA scheme, with its ₹33,660 crore outlay, aims to transform India's industrial infrastructure through plug-and-play parks.
Answer (50 words):
On March 18, the Union Cabinet approved the Bharat Audyogik Vikas Yojna (BHAVYA) with a ₹33,660 crore outlay to develop 100 plug-and-play industrial parks of 100-1,000 acres offering core infrastructure, factory sheds, testing labs and worker housing. Support reaches ₹1 crore per acre; NICDC under DPIIT will anchor implementation.
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Frequently asked questions
What did the Union Cabinet approve under BHAVYA on March 18?
The Union Cabinet approved the Bharat Audyogik Vikas Yojna (BHAVYA) on March 18. The scheme has an outlay of ₹33,660 crore to develop 100 plug-and-play industrial parks across India.
What facilities will BHAVYA industrial parks include?
Parks ranging from 100 to 1,000 acres will feature core infrastructure such as roads, utilities, drainage and ICT. They will also include factory sheds, testing labs, warehousing, and worker housing.
What financial support is available under BHAVYA?
Financial support of up to ₹1 crore per acre is available for core infrastructure. External infrastructure support is capped at 25% of project costs.
Who will implement BHAVYA and what employment impact is expected?
The National Industrial Corridor Development Corporation, under DPIIT, Ministry of Commerce, will anchor implementation. BHAVYA is expected to generate lakhs of jobs across manufacturing, logistics and services.
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