BHAVYA: Creating Investment-Ready Manufacturing Ecosystems

The Bharat Audyogik Vikas Yojna (BHAVYA) is a ₹33,660 crore initiative designed to develop 100 plug-and-play industrial parks across India. Approved by the Cabinet in March 2026 and notified on 10 April 2026, the scheme provides financial assistance of up to ₹1 crore per acre for creating modern industrial infrastructure, trunk utilities, common facilities, and ICT-enabled administration. Implemented in partnership with States and private developers over six years from FY2026–27 to FY2031–32, BHAVYA aims to reduce entry-level barriers, streamline approvals via single-window systems, support MSMEs, and accelerate the transition from investment to production in the manufacturing sector.