Features of the Scheme                                                                    

• Nodal Ministry: Ministry of Commerce & Industry via DPIIT.
• Objective: to develop 100 investment-ready plug-and-play industrial parks in partnership with States, Central Public Sector Undertakings and private sector.
  • Plug-and-play industrial parks are ready-to-use manufacturing sites offering pre-built infrastructure such as roads, power, water, and approvals, enabling immediate operational setup. 
• Duration: for six years (2026-27 to 2031-32) with an outlay of Rs 33,660 crore. 
• Mode of Implementation: 
  • Sponsoring agency: State/UT government or the Central PSU.
  • Special Purpose Vehicle (SPV): formed between National Industrial Corridor Developmentand Implementation Trust (NICDIT) under DPIIT and the state nodal agency.
    • The SPV shall be the owner of assets created under the scheme, and shall be responsible for planning, construction, operation and maintenance of the industrial park to be developed.
• Financial Support: Funding up to ₹ 1 crore per acre in equity mode shall be provided for each project (₹50 Lakh for private developer led parks) for- 
  • Core infrastructure (roads, utilities, drainage, ICT),
  • Value-added infrastructure (factory sheds, labs, warehousing),
  • Social infrastructure (worker housing, amenities).
•  Additional support: Up to 25% of project cost for external infrastructure (connectivity and integration with existing networks) for last mile connectivity.