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India Extends BHAVYA Scheme Deadline to Boost Industrial Park Development
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CNBC TV18•29-09-2026, 18:33
India Extends BHAVYA Scheme Deadline to Boost Industrial Park Development
- •India has extended the application deadline for Round 2 of Phase 1 of the BHAVYA (Bharat Audyogik Vikas Yojna) scheme, aimed at developing investment-ready industrial parks.
- •The Department for Promotion of Industry and Internal Trade (DPIIT) announced the extension following a National Level Steering Committee meeting on September 14, 2026.
- •The BHAVYA scheme plans to develop 100 industrial parks over six years (2026-27 to 2031-32) with a total financial outlay of ’33,660 crore, selecting up to 50 parks in the first phase through a competitive process.
- •The scheme focuses on creating industrial parks with plug-and-play infrastructure, multimodal logistics, reliable utilities, and worker support facilities to improve ease of doing business.
- •Financial support of up to ’1 crore per acre is provided for core, value-added, and social infrastructure, along with external infrastructure support up to 25% of the project cost.
Key Questions Answered
The Bharat Audyogik Vikas Yojna (BHAVYA) scheme has a total financial outlay of approximately ₹33,660 crore and is planned to be implemented over a period of six years from 2026-27 to 2031-32.
The scheme provides financial support of up to ₹1 crore per acre for core, value-added, and social infrastructure, alongside external infrastructure support of up to 25% of the project cost.
The Union Cabinet approved the BHAVYA scheme on March 18, 2026, to develop 100 plug-and-play industrial parks across the country.
