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Informist, Wednesday, Mar. 18, 2026

 

--Cabinet OKs INR 336.60 bln for Bharat Audyogik Vikas Yojana 

 

NEW DELHI – The Union Cabinet Wednesday approved INR 336.60 billion for Bharat Audyogik Vikas Yojana, also known as BHAVYA. The scheme, under which the government aims to develop 100 plug-and-play industrial parks across the country, will be operational for six years starting 2026-27 (Apr-Mar).

 

Under the scheme, the government will take up industrial parks ranging from 100 to 1,000 acres for development and provide financial support of up to INR 10 million per acre for core infrastructure, value-added infrastructure, and social infrastructure. The central government, which will implement the scheme in partnership with the states, central public sector enterprises, and the private sector, will pick projects in challenge mode to ensure selection of only high-quality, reform-oriented and investment-ready proposals.

 

"These parks will set new benchmarks in industrial infrastructure, ensuring reliability, reducing inefficiencies, and enhancing productivity across sectors," the government said in a press release. Under the scheme, the government will also provide support for external infrastructure, up to 25% of the project cost, the release said.  End 

 

Reported by Krity Ambey

Edited by Ashish Shirke

 

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