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Cabinet Approves ₹3,030 Cr BHAVYA-Rasayan Scheme for Three Chemical Parks Under Atmanirbhar Bharat

Target:UPSC GS-IIIMPSCSSC GATeachingPrelims HighMains MediumStatic GK Link
24 Jul 2026
~2 min
Source: The Hindu
Key Data:₹3,030 crore₹1,000 crore per park₹500 crore state contribution2,000 acres8 sq km5 years
Bodies:Cabinet
Practice MCQs from today's news ▸
What This Article Covers

1.Cabinet approves BHAVYA-Rasayan Scheme with ₹3,030 crore outlay for 3 chemical parks.

2.Each park to be minimum 2,000 acres (8 sq km), with common infrastructure like CETP, TSDF, and steam distribution.

3.Scheme runs from 2026-27 to 2030-31; central grant up to ₹1,000 crore per park, subject to state contribution of ₹500 crore.

The Big Picture
Prelims · HighMains · Medium

The Cabinet approved the ₹3,030 crore BHAVYA-Rasayan Scheme to establish three dedicated chemical parks, each of at least 2,000 acres. The scheme aims to attract investments of ₹20,000-50,000 crore per park, boost domestic production, and create employment, aligning with the Atmanirbhar Bharat initiative. This is a key exam topic for industrial policy, central sector schemes, and infrastructure development.

Exam Lens

Quick Exam Facts From News

Total Outlay₹3,030 crore
Scheme NameBHAVYA-Rasayan (Bharat Audyogik Vikas Yojana Rasayan)
Duration5 years (2026-27 to 2030-31)
Grant per ParkUp to ₹1,000 crore
State ContributionMinimum ₹500 crore per park
Minimum Area per Park2,000 acres (8 sq km)

1-Minute Revision

  • ›Total Outlay: ₹3,030 crore
  • ›Scheme Name: BHAVYA-Rasayan (Bharat Audyogik Vikas Yojana Rasayan)
  • ›Target this Data: ₹3,030 crore total outlay, 5 years (2026-27 to 2030-31), 2,000 acres per park
  • ›Target this Scheme: BHAVYA-Rasayan (Bharat Audyogik Vikas Yojana Rasayan)
  • ›Target this Condition: Grant up to ₹1,000 crore per park subject to state contribution of ₹500 crore

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

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

Q1Static LinkageEasy

Which constitutional body approved the BHAVYA-Rasayan Scheme?

Q2Statement-basedHard

Consider the following statements regarding the BHAVYA-Rasayan Scheme:

1. The scheme provides a central grant of up to ₹1,000 crore per chemical park.

2. The scheme runs for a period of 6 years from 2026-27 to 2032-33.

3. The total outlay of ₹3,030 crore includes ₹30 crore for administrative expenditure.

Which of the statements given above is/are correct?

Q3Data-centricMedium

What is the minimum area required for each chemical park under the BHAVYA-Rasayan Scheme?

Q4Application/ImpactMedium

What is the primary objective of the BHAVYA-Rasayan Scheme?

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