Cabinet clears Rs 33,660 crore BHAVYA scheme to build 100 industrial clusters

The Union Cabinet has approved the Bharat Audyogik Vikas Yojana (BHAVYA), a Rs 33,660 crore cardinal assemblage strategy to make 100 investment-ready plug-and-play concern parks crossed the country, successful a determination aimed astatine accelerating manufacturing maturation and employment generation.The strategy volition beryllium implemented implicit a six-year play from FY 2026-27 to FY 2031-32, with concern clusters planned adjacent municipality centres to amended connectivity and capitalist access. The authorities volition supply fiscal enactment of up to Rs 1 crore per acre for parkland development.Projects nether BHAVYA volition beryllium undertaken successful concern with authorities governments, cardinal nationalist assemblage undertakings and backstage developers, and volition beryllium selected done a challenge-mode process, according to authoritative details.

The concern clusters volition incorporated underground inferior corridors, green-energy integration and logistics readying aligned with PM GatiShakti principles, portion besides focusing connected ease-of-doing-business reforms to make globally competitory concern ecosystems.The inaugural is expected to facilitate the instauration of astir 34,000 acres of investment-ready concern onshore astatine competitory rates. Eligibility norms prescribe a minimum parkland size of 100 acres, with relaxation to 25 acres successful northeastern and hilly regions.The authorities expects the programme to enactment Atmanirbhar Bharat and Make successful India goals, portion generating important employment opportunities for younker done enlargement of concern capacity.