Government Launches BHAVYA Scheme and Portal to Establish 100 World-Class Industrial Parks
The flagship program aims to establish 100 world-class industrial parks across the nation over a span of six years (2026-27 to 2031-32).
A budget of ₹33,660 crore has been sanctioned for this project, which operates on a co-development model with a 51:49 funding ratio between the NICDC-led framework and states/other stakeholders.
The National Industrial Corridor Development Corporation (NICDC), functioning under the Department for Promotion of Industry and Internal Trade (DPIIT), is the implementing agency.
Infrastructure parameters specify minimum sizes for parks: 25 acres in hilly regions/Northeast/UTs, 100–500 acres in medium-sized states, and up to 1,000 acres near urban hubs.
Significance: The scheme plays a pivotal role in reducing import dependence, augmenting self-reliance, and driving decentralized industrialization across Tier-2 and Tier-3 regions.
Key Facts / Static GK
DPIIT Secretary: Amardeep Singh Bhatia
NICDC: National Industrial Corridor Development Corporation
Q Practice Quiz — 9 June 2026
1. Under which section of the Banking Regulation Act, 1949 did the RBI impose the ₹41.80 lakh penalty on Canara Bank?
Explanation: The penalty was imposed under Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949, due to delayed KYC updates and account misclassification.
2. What is the designated funding ratio between the NICDC-led framework and states/other stakeholders under the BHAVYA scheme?
Explanation: The industrial parks under the BHAVYA scheme will be developed under a 51:49 model, indicating 51% support through the NICDC-led framework and 49% participation from states and other stakeholders.
3. Which of the following fuel designations has been officially standardized by the Bureau of Indian Standards (BIS) to denote an 85% Ethanol and 15% Petrol blend?
Explanation: The Bureau of Indian Standards (BIS) has designated E85 as the official standard representing a blend of 85% Ethanol and 15% Petrol.
4. Which system has been introduced by the Kerala Forest Department as India's first fully digitalized, judiciary-integrated wildlife offence management system?
Explanation: HAWK (Hostile Activity Watch Kernel) is India's first fully digitized and judiciary-integrated wildlife offence management system, designed to strengthen action against wildlife crimes in Kerala.
5. What is the revised base year for the new GDP series used by the Ministry of Statistics and Programme Implementation (MoSPI) to calculate real GDP growth for FY25-26?
Explanation: As stated in the provisional estimates, the latest GDP calculations are based on the new GDP series with 2022-23 designated as the base year.
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