Government Schemesv2 · 2 versions
BHAVYA Rasayan - Chemical Parks Scheme
BHAVYA Rasayan is the Rs 3,030 crore scheme cleared by the Union Cabinet on 24 July 2026 to fund three state-built chemical parks over five years; in late August 2026 the Chemicals ministry followed it with a CEO roundtable on a USD 1 trillion chemicals sector by 2040 and the first CHEMCONNECT industry-academia meet at IIT Madras.
Last updated 27 August 20267 min read
Latest update
Added the 24 August CEO Roundtable setting a USD 1 trillion chemicals-sector goal for 2040 and the first CHEMCONNECT meet at IIT Madras, where DCPC's 18 Centres of Excellence showcased technologies.
- BHAVYA Rasayan
- Bharat Audyogik Vikas Yojana Rasayan
- chemical parks
- Union Cabinet
- CCEA
- chemical industry
- import substitution
- Viksit Bharat 2047
Read the full living note — free
The complete note in both exam lenses (UPSC analytical / fact capsule), its full version history, and “what changed since you last read” — plus tonight's quiz.
Open in CA·WikiAI-assisted, human-reviewed · sourced from PIB, RBI & ministries · editorial policy
More living notes in Government Schemes
- HIV/AIDS Control in India — NACO's 95-95-95 PushExplains the 95-95-95 targets and NACO's four-step MAS district ladder, with Saitual the first district in Mizoram to reach Surakshit status.
- PM SHRI Schools — Exemplar Schools under NEP 2020Explains PM SHRI - the exemplar-school scheme under NEP 2020, its ₹27,360 crore project cost and the 13,092 schools selected by July 2026.
- Saksham Anganwadi and Poshan 2.0 — India's Nutrition MissionOpened the ninth Poshan Maah: launched at Varanasi on 9 September 2026 and running to 8 October, with the network now put past 14 lakh Anganwadi Centres and ten years of PMMVY payouts crossing ₹21,000 crore.
- PARIVARTAN SchemeSpells the scheme out in full: PARIVARTAN is the Programme for Accelerated Renewal and Incentivization of Vehicle Assets, its second half reading Reducing Transport Air-Pollution and Network Emission. It is what the vehicles must be replaced with that changes here - BS-VI, CNG or electric, not BS-VI or electric alone - and the vehicles being retired are now stated as BS-IV and older. The Housing and Urban Affairs ministry launched it as a time-bound fleet-modernisation scheme for the NCR.
- Scheme Milestones — 2026 TrackerCounted Round 1 of the Rs 37,500 crore coal and lignite gasification scheme: seven applications by the 7 September 2026 close - four urea projects (three from Adani Enterprises, one from Talcher Fertilisers), synthetic natural gas from NTPC, syngas from Shyam Sel and Power, and direct reduced iron with syngas from Gallantt Ispat - with Round 2 open from 8 September and fresh windows every two months. Corrected the 75 million tonne figure: it is gasification capacity to be built under the scheme, not coal consumed each year.
- Post-Matric Scholarship for Scheduled CastesExplains how the Post-Matric Scholarship for Scheduled Castes now reaches students: Direct Benefit Transfer into Aadhaar-seeded accounts since 2021-22, applications on the National Scholarship Portal, and a Central share released only after the State pays its own share and uploads verified beneficiary data.