Union Cabinet Approves ₹33,660 Cr BHAVYA Scheme, Cotton MSP Fund, and Key Infrastructure Projects
Union Cabinet Approves ₹33,660 Cr BHAVYA Scheme, Cotton MSP Fund, and Key Infrastructure Projects
- •Union Cabinet launches 'Bharat Industrial Development Scheme' (BHAVYA) with ₹33,660 crore budget for 100 state-of-the-art industrial parks.
- •BHAVYA scheme is a Central Sector Scheme, fully funded by the central government, to be implemented for 6 years (FY 2026-27 to 2031-32).
- •Industrial parks will offer 'plug-and-play' facilities, providing pre-prepared land, electricity, water, roads, and connectivity, eliminating red tape.
- •Rules relaxed for North-Eastern and hilly states, allowing industrial parks on 25 acres instead of 100 acres to promote regional development.
- •₹1,718.56 crore MSP fund approved for cotton farmers, to be given to Cotton Corporation of India (CCI) to ensure fair prices and protect against losses.
