Centre Approves ₹33,660 Crore BHAVYA Scheme to Develop 100 Industrial Parks Across India

Written by: Team Angel OneUpdated on: 19 Mar 2026, 3:58 pm IST
Government approves the BHAVYA scheme to create 100 industrial parks with plug-and-play facilities across multiple regions.
Centre Approves ?33,660 Crore
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The Union Cabinet has approved the Bharat Audyogik Vikas Yojna (BHAVYA) with a total outlay of ₹33,660 crore.  

The plan is to develop 100 industrial parks across around 33,600 acres. These parks will come up in or near 100 cities, as outlined earlier in the Union Budget 2024-25. 

How Projects Will Be Taken Up 

States will lead project proposals under a challenge-based selection process. Private developers and central public sector enterprises can participate through state proposals. Each project will be handled by a special purpose vehicle with planning and execution powers. 

Land Size and Location Criteria 

Industrial parks will generally range between 100 and 1,000 acres. For hilly and north-eastern states, the minimum size is set at 25 acres. Selection will consider access to transport links, proximity to industrial areas, ports, and availability of skilled workforce. 

Funding and Cost Sharing 

The Centre will provide support of up to ₹1 crore per acre. This includes funding for internal infrastructure such as roads, drainage, utilities, and basic administrative systems. It will also cover factory spaces, warehousing, testing facilities, and worker housing.  

Up to 25% of external connectivity costs will also be funded. 

Clearances and Operations 

States will need to ensure single-window clearances for units operating in these parks. The plug-and-play format is intended to allow units to start operations without delays linked to land approvals or basic infrastructure setup. 

Design and Infrastructure Features 

The parks will include underground utility systems and provisions for green energy use. They will be aligned with existing transport networks to support movement of goods. The layout is expected to reduce the need for repeated digging and support routine maintenance. 

Expected Coverage 

The scheme will be implemented across states and Union Territories. Manufacturing units, including small and medium enterprises and start-ups, are expected to be the main users. Related sectors such as logistics and services may also see activity around these areas. 

Read MoreWest Bengal Govt to Settle Pending DA Arrears for Employees and Pensioners from March 2026! 

Conclusion 

The scheme sets out a framework for developing industrial parks through state participation, central funding, and standardised infrastructure planning. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: Mar 19, 2026, 10:26 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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