Cabinet approves BHAVYA Rasayan scheme for three Chemical Parks
The Union Cabinet on 24 July 2026 approved Bharat Audyogik Vikas Yojana Rasayan (BHAVYA Rasayan), a ₹3,030 crore scheme to set up three dedicated Chemical Parks, announced in the Union Budget 2026-27.
Summary
Of the outlay, ₹3,000 crore is for Common Infrastructure Facilities and Basic Utilities inside the parks and ₹30 crore for administrative expenditure. The scheme runs for five years, FY 2026-27 to FY 2030-31. The Centre will give a grant of up to ₹1,000 crore per park, subject to a minimum contribution of ₹500 crore by the State Government. The parks are to support the whole chemical value chain, improve cost competitiveness and exports, and include centralised environmental facilities such as Common Effluent Treatment Plants and hazardous waste management.
Key facts
- Scheme
- Bharat Audyogik Vikas Yojana Rasayan (BHAVYA Rasayan)
- Parks
- Three dedicated Chemical Parks
- Outlay
- ₹3,030 crore (₹3,000 cr infrastructure + ₹30 cr admin)
- Period
- FY 2026-27 to FY 2030-31
- Central grant
- Up to ₹1,000 crore per park
- State share
- Minimum ₹500 crore per park
- Announced in
- Union Budget 2026-27
Practice MCQs 4 questions
How many dedicated Chemical Parks will be set up under the BHAVYA Rasayan scheme approved by the Cabinet in July 2026?
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Correct answer: A — Three
BHAVYA Rasayan provides for three dedicated Chemical Parks.
What is the total financial outlay of the BHAVYA Rasayan scheme?
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Correct answer: C — ₹3,030 crore
Total outlay is ₹3,030 crore – ₹3,000 crore for common infrastructure and basic utilities and ₹30 crore for administrative expenditure.
Under BHAVYA Rasayan, the Centre's grant per Chemical Park is up to ₹1,000 crore subject to what minimum contribution by the State Government?
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Correct answer: D — ₹500 crore
The central grant of up to ₹1,000 crore per park is subject to a minimum State contribution of ₹500 crore.
Consider the following statements about the BHAVYA Rasayan scheme: 1. It was announced in the Union Budget 2026-27. 2. It will run from FY 2026-27 to FY 2030-31. 3. Its entire outlay is meant for land acquisition by States. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
Statements 1 and 2 are correct. Statement 3 is wrong: ₹3,000 crore is for Common Infrastructure Facilities and Basic Utilities inside the parks and ₹30 crore for administration.