Why is it in the news?
Cabinet approved ₹33,660 crore scheme for industrial parks.
Category: Economy
Important Points:
● Aims to establish 100 plug-and-play industrial parks
● Provides pre-approved land (100–1000 acres) with infrastructure
● ₹1 crore per acre support for infrastructure development
● 25% funding for external connectivity
● Selection through challenge mode for states
● Aligned with PM GatiShakti for multimodal connectivity
● Implemented under NICDP via NICDC
● Focus on MSMEs, startups, and global investors
● Promotes ease of doing business and faster industrialization