Centre unveils Rs 33,660 crore BHAVYA scheme to build 100 industrial parks
Commerce and Industry Minister Piyush Goyal announced a new scheme named BHAVYA, worth Rs 33,660 crore, to develop 100 industrial parks across India to attract investment, build world-class infrastructure and create jobs. The scheme will be implemented in phases, with the first phase considering applications received by July 31, 2026, and states will compete by submitting project proposals. The initiative is aimed at strengthening India's manufacturing ecosystem by providing modern, well-connected industrial infrastructure, building on earlier programmes for industrial corridors and parks. By inviting states to put forward proposals, the scheme introduces a competitive, demand-driven model intended to channel central funding to the most viable industrial-park projects, supporting the broader goal of expanding manufacturing's share in the economy and generating employment.
Key Facts & Details
8 points- 1Piyush Goyal announced the BHAVYA scheme worth Rs 33,660 crore to develop 100 industrial parks.
- 2The scheme aims to attract investment, build infrastructure and create jobs.
- 3It will be implemented in phases, with first-phase applications accepted until July 31, 2026.
- 4States will compete by submitting industrial-park project proposals.
- 5The goal is to strengthen India's manufacturing ecosystem with world-class infrastructure.
Deep Dive
- +The competitive model channels central funding to the most viable state proposals.
- +Industrial parks provide shared infrastructure that lowers the cost of setting up manufacturing.
- +The scheme builds on earlier industrial-corridor and park programmes.
Exam Focus
What is the outlay of the BHAVYA scheme and how many industrial parks does it aim to develop?
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Exam Relevance & Angle
New central schemes with named programmes, outlays and targets are reliably tested in banking, SSC and UPSC exams, and the BHAVYA scheme's Rs 33,660 crore outlay and 100-park target are precisely the figures examiners convert into direct questions.
Target Exams
Background & Context
Industrial parks are designated areas developed with common infrastructure — roads, power, water, effluent treatment and logistics connectivity — where multiple manufacturing and industrial units can operate, reducing the cost and time for businesses to set up operations. Developing such infrastructure is central to India's effort to raise the share of manufacturing in GDP and to position the country as a competitive manufacturing and export hub, an objective pursued through initiatives like Make in India, the National Industrial Corridor programme and production-linked incentive (PLI) schemes. The Ministry of Commerce and Industry, under which the Department for Promotion of Industry and Internal Trade (DPIIT) functions, drives these efforts. A phased, competitive funding model, in which states submit proposals and central support flows to the strongest projects, is increasingly used in Indian schemes to encourage states to plan better and to ensure funds are directed to viable, ready-to-execute projects.
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Must KnowTest Yourself
1 / 2The BHAVYA scheme announced in June 2026 has an outlay of:
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