BHAVYA Rasayan Scheme Overview
The Bharat Audyogik Vikas Yojana Rasayan (BHAVYA Rasayan) Scheme is a flagship initiative approved by the Union Cabinet to establish three dedicated Chemical Parks across India.
Key Features
Financial Structure
- Total Outlay: Rs. 3,030 crore
- Infrastructure Budget: Rs. 3,000 crore for common infrastructure and utilities
- Administrative Budget: Rs. 30 crore
- Central Government Contribution: Up to Rs. 1,000 crore per park
- Minimum State Contribution: Rs. 500 crore per park
Land and Infrastructure Requirements
- Minimum Land: 8 sq. km. or 2,000 acres per park
- Must be: Contiguous and encumbrance-free
- Plug-and-play facilities:
- Effluent treatment plants
- Hazardous waste management systems
- Water supply infrastructure
- Solvent recovery units
- Steam networks
- Pipelines
- Logistics and warehousing
Implementation Details
- Duration: 5 years (FY 2026-27 to FY 2030-31)
- Mode: Challenge Route
- Implementing Agency: State Governments
Economic Benefits
- Reduction in logistics and production costs
- Improved resource efficiency
- Attraction of domestic and foreign investment
- Increased exports
- Promotion of import substitution
- Strengthened integration into global value chains
Significance
- Employment Generation: Supports job creation in chemical and ancillary sectors
- Environmental Compliance: Sustainable infrastructure with proper waste management
- Downstream Sector Boost: Strengthens related industries
- Policy Alignment: Advances Atmanirbhar Bharat and Viksit Bharat @ 2047 goals
Constitutional/Policy Context
- Announced in Union Budget 2026-27
- Aligned with industrial development goals
- Cooperative federalism through Centre-State funding model