The Interim Budget allocates a staggering 102% more money to the Green Hydrogen Mission.
Economic Times
India
02-02-2024
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The National Green Hydrogen Mission has been allotted Rs 600 crore in the Union Budget for 2024–2025—a significant increase of 102% above the previous year's budget of Rs 297 crore. Additionally, compared to the updated budget estimate of Rs 100 crore for the same mission, this amount marks a stunning 500% increase.
Prashant Vasisht, Senior Vice President and Co-Head of Corporate Ratings at ICRA, said, “The allocation for the Green Hydrogen Mission has been increased… this should provide impetus to the development of the green hydrogen ecosystem in the country.”
The National Green Hydrogen Mission was launched with an initial outlay of Rs 19,744 crore. This includes Rs 17,490 crore for the SIGHT program, Rs 1,466 crore for pilot projects, Rs 400 crore for research and development, and Rs 388 crore for other mission components.