The Bharat Audyogik Vikas Yojna (BHAVYA)
Government Scheme · Monday, 25 May 2026
The scheme aims to establish industrial smart cities across India with a budget of ₹33,660 crore.
Quick highlights
- Targets development of 100 industrial parks.
- Financial assistance of up to ₹1 crore per acre.
- Implementation from FY 2026-27 to FY 2031-32.
Context
Operational guidelines for BHAVYA were released by DPIIT.
Key Facts
The scheme aims to eliminate entry barriers for manufacturers.
Significance
It supports the Make in India initiative.
Challenges / Way Forward
Ensuring effective implementation and attracting investments.
Exam Angle
Relevant for GS Paper 3 on economic development.
Remember this
- BHAVYA stands for Bharat Audyogik Vikas Yojna.
- It aims to create plug-and-play industrial infrastructure.
- The scheme is managed by NICDC.