CURRENT AFFAIRS | 25 JULY 2026
The Union Cabinet on 24 July 2026 approved the Bharat Audyogik Vikas Yojana Rasayan (BHAVYA Rasayan) scheme with a Rs 3,030-crore outlay to set up three dedicated chemical parks. The move aims to strengthen domestic chemical manufacturing and lift the global competitiveness of India’s chemical industry. Of the total, Rs 3,000 crore is for common infrastructure and utilities and Rs 30 crore for administration, with the scheme rolling out over FY27 to FY31. For CLAT aspirants, it is a clean example of cooperative federalism in action — the Centre and States jointly bankrolling industrial infrastructure.
Federal & Policy Framework
The scheme rests on a Centre-State cost-sharing model: the Centre contributes up to Rs 1,000 crore per park, contingent on a minimum Rs 500 crore contribution by the concerned State. Each park must span a minimum 8 sq km (about 2,000 acres) of encumbrance-free land. Such shared financing of development infrastructure is a textbook illustration of cooperative federalism.
Why This Matters for CLAT
Scheme-based GK (name, full form, outlay, number of parks) is directly examinable. The Centre-State funding split is prime legal-reasoning and polity material on cooperative federalism and Make-in-India. Watch for the Rs 3,030 crore / Rs 1,000 cr per park / Rs 500 cr State share numbers.
Key Facts at a Glance
| Scheme | BHAVYA Rasayan |
| Full form | Bharat Audyogik Vikas Yojana Rasayan |
| Approved by | Union Cabinet, 24 July 2026 |
| Outlay | Rs 3,030 crore |
| Parks | Three chemical parks |
| Centre share | Up to Rs 1,000 cr per park |
| State share | Minimum Rs 500 crore |
| Park size | Minimum 8 sq km (~2,000 acres) |
| Timeline | FY2026-27 to FY2030-31 |
Memory Hook
“3 PARKS, 3030 CRORE, 1000-500 SPLIT.” Think BHAVYA = ‘grand’ chemical parks: 3 parks, 3,030 crore, Centre puts 1,000, State puts 500 — a grand cooperative-federalism handshake.
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