Cabinet approves ₹33,660 crore BHAVYA scheme to accelerate industrial development

2 months ago 1
ARTICLE AD BOX
Image utilized  for representational intent  only.

Image utilized for representational intent only. | Photo Credit: Getty Images/iStockphoto

The authorities connected Wednesday (March 18, 2026) approved ₹33,660 crore Bharat Audyogik Vikas Yojna (BHAVYA) to make 100 plug-and-play concern parks crossed the country.

The strategy aims to make world-class concern infrastructure, unlocking manufacturing imaginable and driving India's maturation story, Information and Broadcasting Minister Ashwini Vaishnaw said portion briefing reporters connected Cabinet decisions.

The Cabinet meeting, chaired by Prime Minister Narendra Modi, approved the BHAVYA scheme, which is expected to make astir 15 lakh nonstop jobs.

Under the scheme, concern parks ranging from 100 to 1,000 acres volition beryllium taken up for the improvement with fiscal enactment of up to ₹1 crore per acre.

Published - March 18, 2026 05:16 p.m. IST

Read Entire Article