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Cabinet Approves ₹33,660 Crore BHAVYA Scheme to Develop 100 Plug-and-Play Industrial Parks, Targeting 15 Lakh Jobs

Target:UPSC GS-IIIMPSCSSC GATeachingPrelims HighMains MediumStatic GK Link
18 Mar 2026
~2 min
Source: The Hindu
Key Data:₹33,660 crore100 parks15 lakh jobs₹1 crore per acreMarch 18, 2026
Bodies:Union Cabinet
Practice MCQs from today's news ▸
What This Article Covers

1.Cabinet approves ₹33,660 crore BHAVYA (Bharat Audyogik Vikas Yojna) scheme for industrial development.

2.Scheme aims to develop 100 plug-and-play industrial parks of 100-1000 acres with financial support up to ₹1 crore per acre.

3.Expected to generate about 15 lakh direct jobs, focusing on manufacturing potential and world-class infrastructure.

The Big Picture
Prelims · HighMains · Medium

The Union Cabinet has approved the Bharat Audyogik Vikas Yojna (BHAVYA), a ₹33,660 crore scheme to develop 100 ready-to-use industrial parks nationwide. This is a major push for industrial infrastructure, directly targeting manufacturing growth and job creation, a core theme for the Economy section in government exams.

Exam Lens

Quick Exam Facts From News

Scheme NameBharat Audyogik Vikas Yojna (BHAVYA)
Total Outlay₹33,660 crore
Target Number of Parks100
Projected Direct Jobs15 lakh
Financial SupportUp to ₹1 crore per acre
Approval DateMarch 18, 2026

1-Minute Revision

  • ›Scheme Name: Bharat Audyogik Vikas Yojna (BHAVYA)
  • ›Total Outlay: ₹33,660 crore
  • ›Target this Data: ₹33,660 crore outlay, 100 parks, 15 lakh jobs, ₹1 crore/acre support
  • ›Target this Nodal Body: Union Cabinet (Chaired by PM), Ministry likely involved - Ministry of Commerce & Industry
  • ›Target this Scheme: Bharat Audyogik Vikas Yojna (BHAVYA)

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

The BHAVYA scheme, recently approved by the Cabinet, primarily falls under the purview of which Union Ministry?

Q2Statement-basedHard

Consider the following statements regarding the BHAVYA scheme:

1. It has an outlay of ₹33,660 crore for developing industrial infrastructure.

2. Under the scheme, financial support will be provided at a flat rate of ₹1 crore per industrial park.

3. The scheme is expected to generate about 15 lakh direct employment opportunities.

Which of the statements given above is/are correct?

Q3Data-centricMedium

What is the total financial outlay approved by the Cabinet for the BHAVYA scheme?

Q4Application/ImpactMedium

What is a key feature of the industrial parks to be developed under the BHAVYA scheme?

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