Cabinet approve Rs 33,660 crore BHAVYA scheme for industrial growth

New Delhi: The government Wednesday approved Rs 33,660 crore Bharat Audyogik Vikas Yojna (BHAVYA) to develop 100 plug-and-play industrial parks across the country.

The scheme aims to develop world-class industrial infrastructure, unlocking manufacturing potential and driving India’s growth story, Information and Broadcasting Minister Ashwini Vaishnaw said while briefing reporters on Cabinet decisions.

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The Cabinet meeting, chaired by Prime Minister Narendra Modi, approved the BHAVYA scheme, which is expected to generate about 15 lakh direct jobs.

Under the scheme, industrial parks ranging from 100 to 1,000 acres will be taken up for the development with financial support of up to Rs 1 crore per acre.