Green Hydrogen Mission: Budget 2026 Allocation Unchanged at Rs 600 Crore
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Moneycontrol•01-02-2026, 15:49
Green Hydrogen Mission: Budget 2026 Allocation Unchanged at Rs 600 Crore
- •Union Budget 2026 maintains Rs 600 crore allocation for the National Green Hydrogen Mission for FY 2026-27, same as 2025-26 budget estimates.
- •The allocation is higher than the revised estimates of Rs 300 crore for 2025-26.
- •Funds are directed towards pilot projects, electrolyser manufacturing, demand-side incentives, and R&D.
- •India aims to be a global hub for green hydrogen, crucial for decarbonizing sectors like refineries, fertilizers, steel, and heavy transport.
- •Target to produce five million metric tonnes of green hydrogen annually by 2030 may be delayed to 2032 due to global policy uncertainties.
Why It Matters: Budget 2026 keeps Green Hydrogen Mission funding at Rs 600 crore, aiming for India's clean energy leadership.
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