BHAVYA Scheme for Industrial Parks Development

planned

The BHAVYA Scheme is a Central Sector Scheme aimed at developing 100 investment-ready, world-class industrial parks across India over six years from 2026-27 to 2031-32. The scheme focuses on creating industrial ecosystems with plug-and-play infrastructure, multimodal logistics connectivity, reliable utilities, worker-support infrastructure, digital governance, and sustainable development. It includes development of both greenfield and eligible brownfield industrial parks with minimum land requirements and allows for larger parks up to 1,000 acres. Implementation will be through Special Purpose Vehicles (SPVs) responsible for planning, development, operation, and maintenance. Financial assistance will be provided as equity linked to land value and project milestones. The National Industrial Corridor Development Corporation (NICDC) is the Project Management Agency.