GS2PIB · Current Affairs
Cabinet approves BHAVYA Rasayan scheme for dedicated Chemical Parks
Cabinet approval for BHAVYA-Rasayan: dedicated Chemical Parks with central support for common infrastructure and utilities
SP
Samachar Pathshala Desk
Published 25 Jul 2026 · 1 min
Key takeaways
- BHAVYA-Rasayan is a Union Cabinet-approved scheme for establishing three dedicated Chemical Parks with common infrastructure, basic utilities, and centralized environmental facilities.
- BHAVYA-Rasayan envisages Chemical Park development by State Governments under a Challenge Route approach.
What happened
The Union Cabinet chaired by Prime Minister Narendra Modi approved the BHAVYA-Rasayan scheme for setting up three dedicated Chemical Parks in India.
BHAVYA-Rasayan was announced in the Union Budget for FY 2026–27 and is scheduled to run for five years from FY 2026–27 to FY 2030–31.
The UPSC angle
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How BHAVYA-Rasayan uses common infrastructure and shared environmental facilities to improve chemical-sector competitiveness
Focus on grant-linked incentives for chemical parks, state-centred development under the challenge route, and the environmental compliance rationale through shared effluent treatment and hazardous waste management infrastructure.