NEWS: Department for Promotion of Industry and Internal Trade (DPIIT) released Guidelines for Implementation of BHAVYA Scheme
ABOUT
- Scheme Type: Central Sector Scheme
- Ministry: Ministry of Commerce & Industry via DPIIT.
Objective:
- Transform the country into a globally competitive manufacturing hub by providing supportive industrial ecosystems that help investors easily ground their investments, thereby deepening domestic supply chains and increasing employment.
- Develop 100 plug-and-play industrial parks in partnership with States, Central Public Sector Undertakings and private sector.
- Plug-and-play industrial parks are ready-to-use manufacturing sites offering pre-built infrastructure. E.g., roads, power, water, and approvals,
- Duration: 6 years (2026-27-2031-32)
- Outlay: Rs 33,660 crore
- Greenfield and eligible brownfield industrial parks
- Minimum land requirements: 100 acres for non-hilly states and 25 acres for hilly states, NE states, Union Territories, and smaller states.
- Also permits larger parks up to 1000 acres.
- Funding Framework: Financial assistance is provided through the National Industrial Corridor Development and Investment Trust (NICDIT), primarily in the form of equity contribution.
- Funds up to ₹1 crore per acre in equity mode for each project (except for private developer) for-
- Core infrastructure (internal roads, ICT and administrative systems).
- Value-added infrastructure (ready-built factory sheds, warehousing).
- Social infrastructure (worker housing and support amenities).
- Support for external infrastructure up to 25% of project cost would also be provided.