The Government of India announced the Bharat Audyogik Vikas Yojna (BHAVYA), a ₹33,660 crore initiative to develop 100 plug-and-play industrial parks across the country. These parks provide pre-developed infrastructure, utilities, and streamlined approvals to help manufacturing firms, MSMEs, and startups start production faster. The scheme was notified on 10 April 2026 and will be implemented over six years from FY2026–27 to FY 2031–32. It offers financial assistance of up to ₹1 crore per acre for park development.
Key points
- Total outlay: ₹33,660 crore to develop 100 plug-and-play industrial parks.
- Funding: Up to ₹1 crore per acre for developing industrial parks.
- Timeline: Implementation period from FY2026–27 to FY 2031–32.
- Infrastructure: Includes ready-built factory sheds, water networks, and ICT-enabled administration.
- Eligibility: Manufacturing firms, MSMEs, startups, and investors can access facilities.
When it applies
- BHAVYA scheme notification
- implementation period of BHAVYA
- implementation period of BHAVYA
- launch of BHAVYA Portal
Who it affects
- industrial parks