BHAVYA Scheme

BHAVYA Scheme Latest News

 Recently, the central government announced the launch of guidelines for the ‘BHAVYA (Bharat Audyogik Vikas Yojna) Scheme’.

Above BHAVYA Scheme

• BHAVYA (Bharat Audyogik Vikas Yojna) is a Central Sector Scheme aimed at developing investment-ready, world-class industrial parks across the country.
• The major focus of the Scheme is on creation of
  • Investment-ready industrial ecosystems with plug-and-play infrastructure, multimodal logistics connectivity, reliable utility systems, worker-support infrastructure, digital governance systems, and sustainable development features.
• Target: It provides for development of 100 industrial parks.
• Time Period:  Six years from 2026-27 to 2031-32

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Features of BHAVYA Scheme

• It has been designed to support the Centre’s Make in India and PM Gati Shakti programmes by creating integrated, investment-ready manufacturing zones equipped with plug-and-play infrastructure and multimodal logistics connectivity.
• It provides for development of both greenfield and eligible brownfield industrial parks.
• Minimum land requirements have been fixed at 100 acres for non-hilly states and 25 acres for hilly states, northeastern states, Union Territories, and smaller states.
• Implementation: It will be undertaken through Special Purpose Vehicles (SPVs) incorporated under the Companies Act, 2013.

Source: BS