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.