Union Cabinet Approves Rs 33,660 Crore BHAVYA Scheme for 100 Plug-and-Play Industrial Parks
The Union Cabinet chaired by Prime Minister Narendra Modi approved the Bharat Audyogik Vikas Yojana (BHAVYA) scheme with an outlay of Rs 33,660 crore. The scheme aims to develop 100 plug-and-play industrial parks across India to boost manufacturing. Each park will span 100-1,000 acres with ready-to-use infrastructure including roads, drainage, digital connectivity, factory sheds, testing labs, and warehousing. Financial assistance of up to Rs 1 crore per acre will be provided, along with support for external infrastructure up to 25% of project cost. It will be implemented by the National Industrial Corridor Development Corporation under the Department for Promotion of Industry and Internal Trade. The initiative targets balanced regional development, especially in Northeast and hilly regions, to attract FDI and strengthen global supply chains.[1][2][3]
Try the question
Which ministry oversees the implementation of the BHAVYA scheme?
Answer: (b) Department for Promotion of Industry and Internal Trade
The correct answer is (b) Department for Promotion of Industry and Internal Trade.