On 18 March 2026, the Union Cabinet approved the Bharat Audyogik Vikas Yojna (BHAVYA), a major step to boost India’s manufacturing sector. With a total outlay of ₹33,660 crore, the scheme focuses on developing 100 plug-and-play industrial parks across the country.
Announcing the decision in New Delhi, Information and Broadcasting Minister Ashwini Vaishnaw said the initiative will create world-class industrial infrastructure and unlock India’s manufacturing potential. The industrial parks will range from 100 to 1000 acres, with government support of up to ₹1 crore per acre for infrastructure development.
Key Features of BHAVYA Scheme
- Development of 100 industrial parks across India
- Plug-and-play model for faster industrial setup
- Financial assistance up to ₹1 crore per acre
- Focus on core, value-added, and social infrastructure
- Designed to attract domestic and foreign investment
Objectives of BHAVYA
The BHAVYA scheme aims to:
- Boost India’s manufacturing sector
- Promote ease of doing business
- Generate around 15 lakh direct jobs
- Support MSMEs and local industries
- Strengthen the vision of Atmanirbhar Bharat
