BHAVYA Rasayan Scheme: Cabinet Clears ₹3,030 Crore Chemical Parks Push
The Union Cabinet approved the ₹3,030 crore BHAVYA (Bharat Audyogik Vikas Yojana Rasayan) Scheme on July 24, 2026, to set up three dedicated Chemical Parks with Central grants of up to ₹1,000 crore each. Relevant for UPSC, UPPSC, and state PSC aspirants in GS Paper 3 under industrial policy.
- Union Cabinet approved the BHAVYA Rasayan Scheme on July 24, 2026, with a total outlay of ₹3,030 crore.
- The scheme will establish three dedicated Chemical Parks, implemented by the Ministry of Chemicals and Fertilizers.
- Centre grant: up to ₹1,000 crore per park, against a minimum ₹500 crore state matching contribution.