The Central Government has extended the deadline for applications under the second round of Phase-I of the Bharat Audyogik Vikas Yojana (BHAVYA), giving eligible applicants additional time to submit proposals for industrial park development.
The new deadline is October 31, 2026, extended from September 30.
BHAVYA is a Central Sector Scheme administered through the Department for Promotion of Industry and Internal Trade (DPIIT). It has a total financial outlay of ₹33,660 crore and is planned for implementation over six years from 2026-27 to 2031-32.
The scheme aims to facilitate the development of 100 plug-and-play industrial parks across the country. These parks are intended to provide investment-ready infrastructure that can help manufacturing companies establish operations with access to essential industrial facilities and connectivity.
The extension applies to the second round of Phase-I applications. It does not mean that the entire ₹33,660 crore has already been invested or that all 100 parks have been established.
Editorial Analysis
Why This Matters
Industrial infrastructure can influence how quickly companies establish manufacturing facilities and integrate into supply chains. BHAVYA's plug-and-play approach is designed to bring multiple infrastructure requirements together within planned industrial parks, potentially reducing the infrastructure burden faced by investors. The programme also places emphasis on multimodal connectivity, utilities, digital governance, sustainability and worker-support infrastructure. For states and other eligible applicants, the extended deadline provides additional time to prepare and submit proposals that meet the scheme's selection criteria.
The scheme's selection framework is based on factors including connectivity, infrastructure quality, industrial ecosystem strength, policy facilitation, digital governance readiness and long-term sustainability.
