Q. With reference to the BHAVYA Rasayan Scheme (Bharat Audyogik Vikas Yojana Rasayan), consider the following statements:
1.It is a Central Sector Scheme aimed at establishing three dedicated Chemical Parks.
2.Under the Scheme, the Central Government will provide a grant of up to ₹1,000 crore per Chemical Park, subject to a minimum contribution of ₹500 crore by the concerned State Government.
3.The Scheme will be implemented by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry.
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation: 1 and 2 only
Statement 1 is correct: BHAVYA Rasayan is a Central Sector Scheme approved to establish three dedicated Chemical Parks with integrated plug-and-play common infrastructure to boost chemical manufacturing, attract investments, enhance exports, and promote import substitution.
Statement 2 is correct: The Scheme has a total outlay of ₹3,030 crore (₹3,000 crore for infrastructure and ₹30 crore for administrative expenses). The Centre will provide up to ₹1,000 crore per park, subject to a minimum State Government contribution of ₹500 crore.
Statement 3 is incorrect: The Scheme is implemented by the Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers, not by the DPIIT.
Source: PIB
