Government Outlines Guidelines for BHAVYA Scheme to Establish 100 Plug-and-Play Industrial Parks
The Central Sector Scheme has an allocated financial outlay of 33,660 crore Rupees and will run for a six-year duration spanning from FY27 (2026-27) to FY32 (2031-32).
The primary target is the creation of 100 modern industrial parks, with up to 50 parks selected via a challenge-based competitive format in the initial phase.
The National Industrial Corridor Development Corporation has been designated as the official Project Management Agency to execute and monitor the scheme's goals.
This initiative is a critical piece of the Atmanirbhar Bharat vision, aiming to attract global manufacturing companies by providing ready-to-use infrastructure with zero-delay setup.
Key Facts / Static GK
Ministry of Commerce and Industry Union Minister: Piyush Goyal
NICDC: National Industrial Corridor Development Corporation
Practice Quiz — 26 May 2026
Q1. Under the newly issued RBI device lock rules for financed devices, what is the penalty rate per hour that a lender must pay the borrower if they fail to restore phone features within one hour of clearing the outstanding dues?
Q2. With reference to the RBI's FY26 surplus transfer, which of the following statements is/are correct? (1) The Contingent Risk Buffer was maintained at the upper boundary of 7.5 percent of the total balance sheet. (2) The transfer of surplus profits is legally mandated under Section 47 of the RBI Act, 1934.
Q3. What is the total financial budget allocated for the implementation of the Bharat Audyogik Vikas Yojana (BHAVYA) Scheme over its six-year operational timeline?
Q4. According to the World Cities Report 2026, what was the estimated homelessness rate per 10,000 people recorded for India, United States, and China respectively?
Q5. What is the exact name of the new 10 billion dollar crisis relief facility launched by the Asian Infrastructure Investment Bank (AIIB) in May 2026?
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