Why in News?
BHAVYA Scheme (Bharat Audyogik Vikas Yojna) is in the news because the Union Cabinet has recently approved it as a major push to boost manufacturing-led growth and create 100 “plug‑and‑play” industrial parks across India with a massive central outlay of about ₹33,660 crore.
Core Specifications & Budget
- Nodal Ministry: Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce & Industry.
- Timeframe: Operational over a six-year period from FY 2026-27 to FY 2031-32.
- Target: Establishing 100 future-ready industrial parks.
Key Features of the Scheme
- Plug-and-Play Model: Advanced, ready-to-use infrastructure with pre-approved land and active utilities, allowing businesses to transition from "intent to production" without standard land acquisition or regulatory delays.
- Phased Rollout: The first phase will develop up to 50 parks through a competitive framework.
- Competitive Selection: States and UTs compete via a "Challenge Mode" evaluating proposals on site suitability, policy readiness, and long-term sustainability.
- Land Area Demarcation:
- Minimum 100 acres for non-hilly states.
- Minimum 25 acres for hilly states, Northeastern states, UTs, and smaller states.
- Maximum capacity permitted up to 1,000 acres per park.
- Flexible Development: Supports both new greenfield projects and eligible brownfield expansions.
Funding Structure & Financial Support
- Internal Infrastructure: Central assistance provides up to ₹1 crore per acre to fund core, value-added, and social structures.
- External Connectivity: The central government funds up to 25% of the total project cost for external logistics and transit networks.
- Private Developer Incentives: Parks advanced by private developers receive capped support of up to ₹50 lakh per acre or 50% of infrastructure costs, whichever is lower.
- Equity Linkage: Funding is dispensed as equity contributions tied directly to land transfers and project milestones achieved by state-level entities.
Integrated Infrastructure Focus
- Core Infrastructure: Internal transit roads, storm drainage, integrated underground utility corridors, and advanced ICT networks.
- Value-Added Infrastructure: Ready-built industrial factory sheds, testing laboratories, and custom built-to-suit manufacturing units.
- Social Infrastructure: On-site industrial worker housing and support amenities to aid localized employment.
- Sustainability focus: Unified underground utility grids creating a "no-dig" ecosystem powered by green energy options.
Governance & Project Execution
- Implementation Model: Managed at the ground level through project-specific Special Purpose Vehicles (SPVs) registered under the Companies Act, 2013.
- Project Management Agency: The National Industrial Corridor Development Corporation (NICDC) will anchor and monitor the overarching rollout.
- Digital Oversight: Project progression utilizes advanced GIS-based tracking system mechanisms to enforce high structural transparency.
- Policy Alignment: Strategically converged with PM GatiShakti National Master Plan parameters for seamless multimodal transit.
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