About Bharat Audyogik Vikas Yojna (BHAVYA) Scheme 

• Scheme Type: Central Sector Scheme
• Ministry: Ministry of Commerce & Industry via DPIIT.
• Objective: Transform the country into a globally competitive manufacturing hub by providing supportive industrial ecosystems that help investors easily ground their investments, thereby deepening domestic supply chains and increasing employment.

• Target: Develop 100 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. E.g., roads, power, water, and approvals,
• Duration: 6 years (2026-27-2031-32) 
• Outlay: Rs 33,660 crore
• Eligibility: Greenfield and eligible brownfield industrial parks
• Minimum land requirements: 100 acres for non-hilly states and 25 acres for hilly states, NE states, Union Territories, and smaller states. 
  • Also permits larger parks up to 1000 acres.
• Funding Framework: Financial assistance is provided through the National Industrial Corridor Development and Investment Trust (NICDIT), primarily in the form of equity contribution.
  • Funds up to ₹ 1 crore per acre in equity mode for each project (except for private developer) for- 
    • Core infrastructure (internal roads, ICT and administrative systems). 
    • Value-added infrastructure (ready-built factory sheds, warehousing). 
    • Social infrastructure (worker housing and support amenities). 
    • Support for external infrastructure up to 25% of project cost would also be provided.