DPIIT releases BHAVYA Scheme guidelines; ₹33,660 cr plan to develop 100 industrial parks

Ziraat Times News Desk

New Delhi, May 23: The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry has released detailed operational guidelines for implementation of the BHAVYA Scheme, a major Central Sector initiative aimed at developing investment-ready industrial parks across India.

According to the guidelines issued on Friday, the scheme seeks to strengthen India’s manufacturing ecosystem through integrated industrial infrastructure aligned with flagship initiatives including “Make in India” and PM Gati Shakti, while supporting the government’s vision of positioning India as a globally competitive manufacturing destination.

The BHAVYA Scheme envisages development of 100 industrial parks over a six-year period from 2026-27 to 2031-32 with a total financial outlay of approximately ₹33,660 crore. In the first phase, up to 50 industrial parks will be selected through a challenge-based competitive process.

The guidelines provide a detailed framework covering eligibility criteria, project selection methodology, funding structure, governance mechanisms, monitoring systems and implementation modalities for the proposed industrial parks.

The scheme focuses on creation of “investment-ready” industrial ecosystems equipped with plug-and-play infrastructure, multimodal logistics connectivity, reliable utility systems, worker-support facilities, digital governance platforms and sustainable development features.

Under the scheme, both greenfield and eligible brownfield industrial parks can be developed. The minimum land requirement has been fixed at 100 acres for non-hilly states and 25 acres for hilly states, northeastern states, Union Territories and smaller states. The framework also permits development of larger parks of up to 1,000 acres.

As per the guidelines, project proposals will be evaluated on objective parameters including multimodal connectivity, site suitability, infrastructure quality, industrial ecosystem strength, policy facilitation, digital governance readiness and long-term sustainability.

The guidelines further prescribe evaluation of infrastructure components such as underground utility systems, water and waste management infrastructure, common effluent treatment systems, renewable energy facilities, worker housing, testing laboratories, digital single-window systems, skill development infrastructure and integrated common facilities.

Implementation of projects under the BHAVYA Scheme will be carried out through Special Purpose Vehicles (SPVs) incorporated under the Companies Act, 2013. These SPVs will be responsible for project planning, development, operations, investor facilitation and long-term maintenance of assets created under the scheme.

Financial assistance under the scheme will be provided in the form of equity contribution linked to the value of land transferred to the SPV and achievement of prescribed project milestones.

The National Industrial Corridor Development Corporation (NICDC) has been designated as the Project Management Agency (PMA) for implementation and monitoring of the scheme.

The guidelines also provide for participation of private developers through project-specific SPVs with defined governance structures, transparency safeguards and accountability mechanisms.

To ensure transparency and effective monitoring, the framework incorporates GIS-based monitoring systems, periodic progress reporting, audit mechanisms and oversight by a National Level Steering Committee headed by the Secretary, DPIIT.

The scheme also aims to ensure convergence with various Central and State government initiatives related to logistics, skilling, renewable energy, sustainability, utility infrastructure and industrial development.

According to DPIIT, operationalisation of the BHAVYA Scheme is expected to facilitate creation of globally benchmarked industrial infrastructure, attract large-scale manufacturing investments, strengthen domestic supply chains, generate employment opportunities and improve India’s integration with global value chains.