The Union Cabinet has approved the Bharat Audyogik Vikas Yojna (BHAVYA), with an allocation of Rs 33,660 crore, to develop 100 plug-and-play industrial parks across the country, the Centre announced Wednesday. Other important announcements by the Cabinet include the allocation of Rs 11,712 crore for MSP for cotton season 2023-24, Small Hydro Power Development Scheme with outlay of Rs 2584.6 crore, and four-laning of Barabanki to Bahraich section of NH-927 at a cost of Rs 6969.04 crore.
BHAVYA will be implemented in partnership with states & private sector players. Plug-and-play industrial parks are “ready-to-use ecosystems where land, utilities, approvals, and infrastructure are pre-developed, enabling industries to start operations quickly without delays related to land acquisition or infrastructure setup”, according to a government statement.
Small Hydro Power Development Scheme for FY 2026-27 to FY 2030-31 is aimed at installation of small hydro projects of an approximate capacity of 1500 MW. The scheme will support setting up of small projects (between 1-25 MW capacity) in different states, and will “especially benefit hilly and North Eastern states with high potential for such projects”.
