DPIIT issues BHAVYA implementation guidelines for industrial parks
Industrial-park sponsors must meet BHAVYA land, SPV and tranche-release gates
DPIIT
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Change
DPIIT issued BHAVYA implementation guidelines setting eligibility, SPV, funding and milestone conditions for centrally supported industrial parks.
Why it matters
The guidelines turn BHAVYA funding into a gated project-approval process. Sponsors must secure encumbrance-free land, transfer land to the SPV, delegate planning powers and meet tranche milestones before central funds are released.
Implications
- — State, UT and CPSE sponsoring agencies must hold 90% encumbrance-free land at application stage — applications that fail mandatory land eligibility do not proceed to competitive evaluation.
- — Project sponsors must transfer land ownership to the SPV within three months of approval — delay annuls approval unless NLSC grants an additional three months for bona fide reasons.
- — State and UT governments must formally delegate planning and development powers to the SPV before funds are transferred — delegated powers are a precondition for central funding release.
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