New Delhi: In a significant development, the government on Wednesday approved Rs Bharat Audyogik Vikas Yojna (BHAVYA). The Rs 33,660 crore scheme is meant to develop 100 plug-and-play industrial parks across the country. The yojana is expected to generate about 15 lakh direct jobs.
Addressing the mediapersons on Cabinet decisions, Information and Broadcasting Minister Ashwini Vaishnaw said the government has introduced the BHAVYA scheme with an aim to develop world-class industrial infrastructure, unlocking manufacturing potential and driving India’s growth story.
“The scheme will deliver plug-and-play industrial ecosystems, enabling industries to move from intent to production with speed and certainty. With pre-approved land, ready infrastructure, and integrated services, BHAVYA will significantly reduce entry barriers for investors,” an official release said.
BHAVYA scheme beneficiaries
The BHAVYA scheme would benefit: Manufacturing units, MSMEs, startups, and global investors seeking ready-to-use industrial infrastructure. Workers, logistics providers, service sector enterprises, and local communities would also reap benefits from the yojana.
The Prime Minister Narendra Modi-led Union Cabinet gave the green signal to the BHAVYA scheme. The scheme will ensure that Industrial parks ranging from 100 to 1,000 acres would be developed with financial support of up to Rs 1 crore per acre.
The funds will be provided for:
The money will be given to develop the Core infrastructure, including 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)
The government has assured financial support for external infrastructure. Up to 25% of the project cost will be funded.
“The approval of BHAVYA represents a transformational step in India’s journey towards Atmanirbhar Bharat, reinforcing the country’s manufacturing capabilities, boosting exports, and laying the foundation for a resilient, inclusive, and globally competitive economy,” the official statement stated.