New Delhi, May 24: States can submit applications to set up industrial parks under the Rs 33,660 crore Bharat Audyogik Vikas Yojna (BHAVYA) scheme from June 1, an official release said on Sunday.
On March 18, the Union Cabinet approved the scheme for developing 100 plug-and-play industrial parks across the country over a period of six years from 2026-27 to 2031-32.
According to the Department for Promotion of Industry and Internal Trade (DPIIT) operational guidelines of the scheme, in the first phase, a total of 50 proposals would be selected as per guidelines.
The first phase will comprise two rounds of selection.
“The windows for the first round of selection will open on June 1 and close on July 31, 2026. In the first round, up to 20 proposals may be selected. The windows for the second round of selection will open on August 1 and close on September 30, 2026,” it said.
An applicant whose proposal is not selected in the first round, may also submit with suitable improvements for consideration in the second round, it added.
In hilly states, northeast region, union territories and states having population less than 1 crore, such as Himachal Pradesh, Uttarakhand, Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Goa, the minimum area requirement is 25 acre of contiguous land available for development. (PTI)
States eligible to submit applications from next month for industrial parks
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