Archive · 24 Jul 2026
Cabinet Approves ₹3,030 Crore BHAVYA-Rasayan Scheme
The Indian government has approved a new scheme called BHAVYA-Rasayan to set up three chemical parks in the country.
The scheme will cost ₹3,030 crore and will run for five years.
The government will provide up to ₹1,000 crore for each park, and the state governments will contribute at least ₹500 crore each.
The parks will help develop the chemical industry and provide raw materials for other industries.
The scheme aims to make the industry more efficient and reduce logistics costs.
The Cabinet approved the BHAVYA-Rasayan scheme to establish three chemical parks with a total outlay of ₹3,030 crore.
The scheme will run for five years from the 2026-27 fiscal year to 2030-31.
The government will provide a grant of up to ₹1,000 crore per park, with a minimum contribution of ₹500 crore from the state government.
The scheme aims to promote the development of the chemical industry and provide raw materials for other industries.
The total investment for the parks is expected to be much higher than the government's support.
- Who
- Indian Government, chaired by Prime Minister Narendra Modi
- What
- Approval of the BHAVYA-Rasayan scheme for three chemical parks
- When
- July 24, 2026
- Where
- India
- Why
- To promote the development of the chemical industry and provide basic raw materials for other industries
Government Perspective
Industry Perspective
Funding and Investment
Government Perspective
The government is providing a grant of up to ₹1,000 crore per park, with a minimum contribution of ₹500 crore from the state government.
Industry Perspective
The industry expects that the ₹3,030 crore support will attract significant private investment for the development of the chemical parks.
- Total Outlay
- ₹3,030 crore
- Number of Parks
- 3
- Duration of Scheme
- 5 years (2026-27 to 2030-31)
- Government Grant per Park
- Up to ₹1,000 crore
- State Government Contribution
- Minimum ₹500 crore per park
- Administrative Expenditure
- ₹30 crore
- Common Infrastructure Cost
- ₹3,000 crore
