Reference :

• The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry has issued detailed operational guidelines for the implementation of ‘BHAVYA’ to strengthen the country’s plug-and-play industrial ecosystem.

Key Points :

• Full form of BHAVYA Scheme: Bharat Industrial Development Scheme
• Type of Scheme: A Central Sector Scheme
• Objective: To develop world-class, investment-ready, and plug-and-play industrial parks in order to strengthen India’s position as a global manufacturing hub.
• Budgetary Outlay: A total financial allocation of ₹33,660 crore has been made for the scheme.
• Timeline: From FY 2026-27 to 2031-32 (6-year implementation period)
• Target: 100 new industrial parks/smart cities will be established in India, out of which 50 parks will be selected in the first phase through the “Challenge Mode”.
• Project Management Agency (PMA): National Industrial Corridor Development Corporation (NICDC)
• Implementation Model: Special Purpose Vehicles (SPVs) for each project with private sector participation through the PPP model.
• Monitoring: Audit and monitoring by a committee chaired by the DPIIT Secretary.

Land and Eligibility Criteria :

• Greenfield/Brownfield: Applicable for both types of projects.
• Land Requirement: Minimum contiguous land of 100 acres for general states and 25 acres for hilly states/Northeastern states/Union Territories.
• Macro-Cluster: Industrial parks up to a maximum of 1,000 acres.

Financial Assistance and Subsidy Structure :

• Internal Infrastructure: Assistance up to ₹1 crore per acre for roads, power supply, waste treatment, etc.
• Connectivity: Up to 25% of the project cost for external infrastructure support.

Financial Assistance Model :

• Internal Infrastructure: Central assistance up to ₹1 crore per acre will be provided for the development of core, value-added, and social infrastructure.
• External Connectivity: Financial assistance up to 25% of the total project cost will be provided for connecting parks with highways, railways, ports, etc.
• Mode: Financial support will be provided as equity contribution in the SPV, linked to land transfer and project milestones.

Implementation and Monitoring Agencies :

• Implementation Model: Projects will be managed through Special Purpose Vehicles (SPVs) under the Companies Act, 2013, with participation from private developers.
• Project Management Agency (PMA): The National Industrial Corridor Development Corporation (NICDC) has been entrusted with implementation and monitoring responsibilities.
• Apex Oversight: A national-level steering committee chaired by the DPIIT Secretary will supervise the scheme.
• Technical Monitoring: GIS-based digital project monitoring and satellite tracking will be used to ensure transparency.