The BHAVYA (Bharat Audyogik Vikas Yojana) Scheme is a Central Sector Scheme run by the Department for Promotion of Industry and Internal Trade (DPIIT) to develop investment-ready, world-class industrial parks across India.

Basic Details

Full Name: Bharat Audyogik Vikas Yojana.
Nodal Department: Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry.
Launched: Operational guidelines released 23 May 2026.
Type: Central Sector Scheme.
Outlay: ₹33,660 crore, including a ₹60 crore administrative fund.
Duration: Six years, from FY 2026-27 to FY 2031-32.

Aim and Objectives

To develop investment-ready, world-class industrial infrastructure that lets investors ground investment with ease, adding to India's manufacturing capacity.
To strengthen India's manufacturing ecosystem in line with Make in India and PM Gati Shakti, positioning India as a globally competitive manufacturing destination.

Key Features

Scale: Provides for 100 industrial parks over six years; up to 50 parks will be taken up in the first phase, across two or more selection rounds.
Land Norms: Minimum 100 acres for non-hilly states and 25 acres for hilly states, northeastern states, Union Territories and smaller states; parks up to 1,000 acres are permitted.
Implementation Model: Projects are implemented through Special Purpose Vehicles (SPVs) incorporated under the Companies Act, 2013, responsible for planning, development and long-term maintenance.
Funding Structure: Financial assistance is provided as equity contribution linked to the value of land transferred to the SPV and achievement of project milestones.
Project Management Agency: The National Industrial Corridor Development Corporation (NICDC) is the designated PMA for implementation and monitoring.
Selection Process: Proposals compete through a challenge-based mode, evaluated on multimodal connectivity, site suitability, quality of infrastructure, industrial ecosystem strength and policy facilitation.
Governance: Overseen by a National Level Steering Committee chaired by the Secretary, DPIIT, with GIS-based monitoring and periodic audits.

Significance

Fills an Infrastructure Gap: Addresses the shortage of investment-ready industrial land, long cited as a bottleneck to manufacturing investment in India.
Supports Flagship Missions: Advances Make in India and PM Gati Shakti by building integrated, plug-and-play industrial ecosystems.
Global Value Chain Integration: Aims to deepen domestic supply chains and strengthen India's position in global manufacturing value chains, generating employment along the way.