Cabinet clears Bhavya_-Bharat Audyogik Vikas Yojana for 100 cities

The Union Cabinet has approved BHAVYA - Bharat Audyogik Vikas Yojana, a central sector scheme for developing 100 investment-ready plug and play industrial parks with an outlay of Rs 33,660 crores. I&B Minister Ashwini Vaishnaw informed media on Wednesday after the Cabinet Meeting.  Such parks will be developed near 100 cities where industrial ecosystems exist or can be created. The Centre will provide support of about Rs 1 crore per acre, he said. The Cabinet also approved the Small Hydro Power Development Scheme. This focuses on ‘run-of-the-river’ projects, which generate power using the natural flow of rivers without building large dams or causing major displacement and environmental issues. Around 7,000 sites have been identified across the country, with a potential to create about 21,000 MW capacity through small hydro power.