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Bharat Audyogik Vikas Yojna

Kumari Sonali

Bharat Audyogik Vikas Yojna:

The Department for Promotion of Industry and Internal Trade (DPIIT) officially released the operational guidelines for the Bharat Audyogik Vikas Yojna (BHAVYA).

  • BHAVYA is a landmark Central Sector Scheme designed to establish world-class, investment-ready, plug-and-play industrial smart cities across India.
  • Nodal Department: Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry.
  • Project Management Agency (PMA): National Industrial Corridor Development Corporation (NICDC).
  • Financial Allocation: Total budget outlay of ₹33,660 crore.
  • Timeline: Six-year implementation window spanning from FY 2026-27 to FY 2031-32.

Aim:

  • The scheme aims to eliminate long-standing entry barriers for global and domestic manufacturers by providing ready-built infrastructure, streamlined regulatory approvals, and multi-modal logistics connectivity.
  • It serves as a core infrastructure engine to accelerate Make in India, advance Aatmanirbharta, and build a competitive, manufacturing-led economy.

Key Features of the BHAVYA Scheme:

  • Scale of Deployment: Targets the complete development of 100 industrial parks nationwide. The initial phase will select the first 50 parks via a challenge-based competitive framework among states and union territories.
  • Sizable Financial Subsidies: Provides financial assistance of up to ₹1 crore per acre. Additionally, the scheme funds up to 25% of the cost for external infrastructure to ensure seamless last-mile connection to national freight grids.
  • Challenge-Mode Selection Matrix: Avoids arbitrary allocations. Project proposals are scored on objective indices, including site suitability, environmental sustainability, policy facilitation, and existing regional ecosystem strengths.
  • Strict Corporate SPV Model: Deployed via Special Purpose Vehicles (SPVs) incorporated under the Companies Act, 2013. The government’s fiscal help is routed as equity contributions linked directly to state land transfers and project milestones.
  • Comprehensive Multi-Tier Infrastructure Framework: Funding is divided into three functional pillars:
  • Core Infrastructure: Internal roads, underground utility corridors (enabling a no-dig environment), smart drainage, and Common Effluent Treatment Plants (CETPs).
  • Value-Added Infrastructure: Ready-built factory sheds, built-to-suit manufacturing units, quality-testing laboratories, and advanced logistics warehousing.
  • Social Infrastructure: On-site worker housing, healthcare centers, skill-development facilities, and community amenities.