Bharat Audyogik Vikas Yojna (BHAVYA) Scheme Overview
The Bharat Audyogik Vikas Yojna (BHAVYA) scheme, approved by the Union Cabinet on March 18, focuses on the development of plug-and-play industrial parks across India, with a total budget of Rs 33,660 crore. The scheme aims to establish 100 industrial parks from 2026-27 to 2031-32.
Application Process
- States can begin submitting applications starting June 1.
- The first phase will involve two selection rounds, selecting up to 50 proposals.
- First Round:
- Opens: June 1, 2026
- Closes: July 31, 2026
- Up to 20 proposals may be selected.
- Second Round:
- Opens: August 1, 2026
- Closes: September 30, 2026
- Proposals not selected in the first round can be resubmitted with improvements.
Objectives and Requirements
The scheme's primary objective is to create investment-ready, world-class industrial infrastructure to facilitate easing of investments and enhancement of the manufacturing capacity in the country.
- Non-Hilly States: Require a minimum of 100 acres of contiguous land for development.
- Hilly States, Northeast Region, UTs, and Smaller States: Require a minimum of 25 acres of contiguous land.
- Larger Parks: Up to 20 parks may have an area between 500 to 1000 acres, with funding capped for 1000 acres.
Land and Proposal Evaluation
- Land can be provided by the State Government, Private Developers, or jointly with Central Public Sector Undertakings.
- Proposals will be evaluated based on:
- Multi-modal connectivity
- Site suitability
- Quality of core, value-added, and social infrastructure
- Industrial ecosystem
- Policy enablers
