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News: The Union Cabinet has approved the Bharat Audyogik Vikas Yojna (BHAVYA) for developing 100 plug-and-play industrial parks across the country.
About Bharat Audyogik Vikas Yojna (BHAVYA)
- It is a scheme for developing 100 plug-and-play industrial parks across the country.
- Aim: It aims to develop world-class industrial infrastructure, unlocking manufacturing potential of the country.
- It has been developed under the National Industrial Corridor Development Programme (NICDP) framework.
- Implementation: It will be implemented in partnership with states and private sector players.
- Financial Outlay: Rs.33,660 crore
- Beneficiaries: The scheme will benefit:
- Primary beneficiaries: Manufacturing units, MSMEs, startups, and global investors seeking ready-to-use industrial infrastructure
- Secondary beneficiaries: Workers, logistics providers, service sector enterprises, and local communities
- Features:
- It focuses on deregulation and ease of doing business, with streamlined approvals, effective single-window systems, and investor-friendly reforms led by states.
- Under the scheme, industrial parks ranging from 100 to 1000 acres will be taken up for development.
- The industrial parks design are aligned with the PM GatiShakti Principles and green energy and sustainable resource use with integrated underground utility corridors.
- Project selection method: Project selection will be undertaken through a challenge mode.
- Financial support of up to Rs. One crore per acre will be provided for:
- Core infrastructure such as internal roads, underground utilities, drainage, common treatment facilities, ICT and administrative systems
- Value-added infrastructure such as ready-built factory sheds, built-to-suit units, testing labs, warehouse
- Social infrastructure such as worker housing and support amenities
- It also extends support for external infrastructure providing up to 25% of the project cost, ensuring seamless connectivity and integration with existing networks.
