Cabinet approves BHAVYA (Bharat Audyogik Vikas Yojna) with ₹33,660 crore for 100 plug-and-play industrial parks
The Union Cabinet on 18 March 2026 approved the Bharat Audyogik Vikas Yojna (BHAVYA) with an allocation of ₹33,660 crore to develop 100 plug-and-play industrial parks of 100â1,000 acres across the country.
Summary
The Bharat Audyogik Vikas Yojna (BHAVYA) was approved by the Union Cabinet chaired by PM Narendra Modi on 18 March 2026, with an allocation of ₹33,660 crore for 100 plug-and-play industrial parks. BHAVYA will develop parks of 100 to 1,000 acres with states and private players, giving up to ₹1 crore per acre for core, value-added and social infrastructure and up to 25% of project cost for external infrastructure. Projects will be chosen in challenge mode, with pre-approved land, single-window approvals, PM GatiShakti-aligned connectivity and underground utility corridors. The scheme builds on the Industrial Smart Cities of the National Industrial Corridor Development Programme and extends to all States and Union Territories.
Key facts
- Approved
- Union Cabinet, 18 March 2026
- Full form
- Bharat Audyogik Vikas Yojna (BHAVYA)
- Allocation
- ₹33,660 crore
- Parks
- 100 plug-and-play parks, 100â1,000 acres each
- Support
- Up to ₹1 crore/acre; external infrastructure up to 25% of project cost
- Selection
- Challenge mode
- Builds on
- Industrial Smart Cities under NICDP
Practice MCQs 4 questions
BHAVYA, approved by the Union Cabinet on 18 March 2026, stands for:
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Correct answer: D â Bharat Audyogik Vikas Yojna
BHAVYA is the Bharat Audyogik Vikas Yojna, approved with ₹33,660 crore for 100 plug-and-play industrial parks.
What allocation has been approved for the BHAVYA scheme for 100 plug-and-play industrial parks?
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Correct answer: A â ₹33,660 crore
The Cabinet approved BHAVYA with an allocation of ₹33,660 crore.
Under BHAVYA, financial support for core, value-added and social infrastructure is available up to:
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Correct answer: B â ₹1 crore per acre
Financial support of up to ₹1 crore per acre will be provided for core, value-added and social infrastructure.
Consider the following about the BHAVYA scheme: 1. Industrial parks ranging from 100 to 1,000 acres will be taken up. 2. Projects will be selected on a first-come, first-served basis. Which of the above is/are correct?
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Correct answer: A â 1 only
Statement 1 is correct. Statement 2 is wrong: projects will be selected through a challenge mode.