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The BHAVYA (Bharat Audyogik Vikas Yojna) scheme was launched by which ministry?
Ministry of Commerce and Industry
Ministry of Heavy Industries
Ministry of MSME
Ministry of Finance
Ministry of Commerce and Industry
The BHAVYA scheme was launched by the Ministry of Commerce and Industry in 2026.
The BHAVYA (Bharat Audyogik Vikas Yojna) scheme is a landmark initiative launched by the Ministry of Commerce and Industry aimed at boosting industrial infrastructure across India. It focuses on developing 100 investment-ready, world-class industrial parks with plug-and-play facilities, facilitating rapid industrial operations and attracting both domestic and foreign investments. Union Commerce Minister Piyush Goyal spearheaded the initiative, emphasizing the importance of aligning state policies with Central export initiatives. This scheme is critical for enhancing India's industrial growth and economic competitiveness.
Launched in 2026
100 industrial parks to be developed under the scheme
Headed by Union Commerce Minister Piyush Goyal
Operational from 2026-27 to 2031-32 with a financial outlay of тВ╣33,660 crores
A is correct тАФ BHAVYA was launched by the Ministry of Commerce and Industry in 2026.
Connect the BHAVYA scheme with the broader 'Make in India' initiative to understand its role in promoting India's manufacturing sector globally.