Cabinet clears Bhavya scheme to develop 100 industrial parks

Union Cabinet has approved BHAVYA - Bharat Audyogik Vikas Yojana, a central sector scheme for developing 100 investment-ready plug and play industrial parks with an outlay of Rs 33,660 crores. I&B Minister Ashwini Vaishnaw informed media on Wednesday after the Cabinet Meeting.  Such parks will be developed near 100 cities where industrial ecosystems exist or can be created. The Centre will provide support of about Rs 1 crore per acre, he said.BHAVYA will focus on developing modern, ready-to-use industrial ecosystems, building on the success of industrial smart cities under the National Industrial Corridor Development Programme (NICDP).

#WATCH | Delhi | Union Minister Ashwini Vaishnaw says, "Union Cabinet has approved BHAVYA - Bharat Audyogik Vikas Yojana, a central sector scheme for developing 100 investment-ready plug and play industrial parks with an outlay of Rs 33,660 crores." pic.twitter.com/OGp09nrS1D

— ANI (@ANI) March 18, 2026

The Cabinet also approved the Small Hydro Power Development Scheme. This focuses on ‘run-of-the-river’ projects, which generate power using the natural flow of rivers without building large dams or causing major displacement and environmental issues. Around 7,000 sites have been identified across the country, with a potential to create about 21,000 MW capacity through small hydro power.Under this scheme, projects ranging from 1 MW to 25 MW capacity will be developed with a total outlay of Rs 2,585 crore. This approach, successfully used in countries like Brazil, Canada, Switzerland, and Sweden, will help India utilise its rivers and seasonal water flows more effectively, he said.