BHAVYA Scheme for Plug-and-Play Industrial Parks
PIB Backgrounder · Economy · Posted 14 OCT 2026 12:29PM
What happened
The Cabinet approved the Bharat Audyogik Vikas Yojna (BHAVYA) with an outlay of ₹33,660 crore to develop 100 plug-and-play industrial parks across India to enhance manufacturing capacity and ease of doing business.
Why it matters for UPSC
This scheme illustrates government interventions to boost industrial growth, infrastructure development, and Ease of Doing Business under the Indian economy and manufacturing sector syllabus.
Key objectives
- Bharat Audyogik Vikas Yojna (BHAVYA) is a ₹33,660 crore initiative to develop 100 plug-and-play industrial parks across India.
- Provides financial assistance of up to ₹1 crore per acre for developing industrial parks, implemented from FY2026-27 to FY2031-32.
- National Manufacturing Mission aims to raise manufacturing share of GDP to 25% by 2035.