The Union Ministry of Commerce & Industry launched the BHAVYA scheme to develop 100 future-ready, plug-and-play industrial parks across India. Spearheaded by the DPIIT, the initiative aims to boost manufacturing, attract global investment, and streamline business operations through institutional and digital reforms.
Key Scheme Specifications
- Outlay: ₹33,660 crore over six years (2026-27 to 2031-32).
- Model: Challenge-based competitive selection among States.
- Partnership: 51:49 equity Special Purpose Vehicle (SPV) model between the Central Government (NICDC) and State governments.
- Funding Ceiling: Up to ₹1 crore/acre for public infrastructure; ₹50 lakh/acre for Public-Private partnerships.
- Infrastructure: Integration with PM GatiShakti for multimodal connectivity; includes zones for startups, GCCs, and R&D.
- Land Criteria: 25 acres (Hilly/NE States); 100–500 acres (General); up to 1,000 acres (Mega clusters).
- Certification: In-house labs linked to BIS, EIA, and FSSAI for rapid export compliance.
IASPOINT Booster Facts
- Plug-and-Play Concept: Sites come with pre-cleared regulatory approvals and ready-to-use utilities, enabling immediate manufacturing.
- NICDC: The apex body under DPIIT overseeing industrial corridor development.
- PM GatiShakti: A GIS-based platform integrating 16 ministries for coordinated infrastructure planning.
- Challenge-Based Selection: A meritocratic governance model (similar to Smart Cities Mission) that ranks states on project suitability, connectivity, and policy readiness rather than fixed quotas.
- Digital Governance: The BHAVYA portal acts as a single-window interface for DPR submission, real-time monitoring, and financial tracking.