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Cabinet Clears Rs 33,660-Crore BHAVYA Plan for 100 Plug-and-Play Industrial Parks

Funding tied to challenge‑mode projects will flow through state SPVs with NICDC to deliver investment‑ready sites faster.

Overview

  • The central scheme spans FY2026-27 to FY2031-32 and targets roughly 34,000 acres of ready industrial land.
  • The Centre will provide up to Rs 1 crore per acre for six years to build core, value‑added and social infrastructure inside the parks.
  • Support up to 25% of project cost is available for external connectivity to strengthen links with highways, rail and logistics networks.
  • Parks will generally range from 100 to 1,000 acres, with a 25‑acre minimum permitted in northeastern and hilly regions, and about 50 parks are slated for the first phase.
  • Implementation will be via SPVs featuring NICDIT/NICDC with states typically contributing land, with participation open to central PSUs and private developers, and the government projects around 15 lakh direct jobs.