The Union government has released guidelines for the Rs 33,660 crore BHAVYA Central Sector Scheme aimed at establishing industrial parks with top-notch infrastructure to boost manufacturing growth and employment in India. The scheme will support the development of 100 industrial parks, with the first phase involving two rounds of selection. The first round of selection is set to begin on June 1 and end on July 31, with up to 20 proposals expected to be chosen.
Financial assistance will be extended under the scheme to facilitate the development of these industrial parks. The parks will be selected in multiple phases, with the initial phase focusing on 50 projects. The objective of the scheme is to create investment-ready industrial infrastructure to attract investors and enhance manufacturing capacity in the country. The scheme’s duration spans six years, from the financial year 2026-27 to 2031-32.
Under the scheme’s criteria, a minimum of 100 acres of contiguous land is required for industrial parks in non-hilly states. However, in hilly states, northeast regions, Union Territories, and states with populations less than one crore, the minimum land requirement is 25 acres. Out of the 100 industrial parks planned, some may have a development area ranging from 500 to 1,000 acres. Applications for the scheme will be accepted in multiple phases, with up to 50 projects considered for approval in the initial phase.
