Cabinet Committee on Economic Affairs Clears BHAVYA-Rasayan Scheme

The Cabinet Committee on Economic Affairs, headed by the Prime Minister of India, authorises the Bharat Audyogik Vikas Yojana Rasayan, or BHAVYA-Rasayan Scheme. The scheme provides for establishing 3 dedicated chemical parks in the country with Centre grants and state government development under the challenge route.

BHAVYA-Rasayan Scheme (Bharat Audyogik Vikas Yojana Rasayan):

Dimension	Key Details
Authorising authority	The Cabinet Committee on Economic Affairs, headed by the Prime Minister of India, authorises the BHAVYA-Rasayan Scheme.
Core provision	The scheme provides for establishing 3 dedicated chemical parks in the country.
Implementation route	The scheme provides for development of 3 dedicated chemical parks by state governments under the challenge route, facilitated by the Centre.
Financial assistance	The scheme provides for a grant of up to ₹1,000 crore per park by the Centre, subject to a minimum contribution of ₹500 crore by the concerned state government.
Type of parks	The scheme comprises greenfield or brownfield chemical parks, depending on state governments’ selection based on the challenge route.
Infrastructure model	The proposed parks provide for plug-and-play infrastructure in the form of common facilities and basic utilities for the chemical industry.
Common facilities and utilities	The facilities comprise a common effluent treatment plant (CETP), treatment, storage, and disposal facility (TSDF), water supply and distribution systems, solvent recovery and distillation facilities, steam generation and distribution network, interconnected pipeline network, and logistics and warehousing facilities.
Stated outcomes	The scheme provides for development of the chemical industry along the whole value chain, including upstream, downstream, and ancillary industries.
Environmental compliance	The scheme provides for better compliance management with environmental regulations by creating an environmentally friendly ecosystem.