The initial outlay for the Mission will be  Rs.19,744 crore, including an outlay of Rs.17,490 crore for the SIGHT  programme, Rs.1,466 crore for pilot projects, Rs.400 crore for R&D, and Rs. 388 crore towards other Mission components. 

The Union Cabinet, chaired by the Prime Minister  Narendra Modi, has approved National Green Hydrogen Mission. 

MNRE will formulate the scheme guidelines for implementation of the respective components.

The Mission will have wide ranging benefits- creation of export opportunities for Green Hydrogen and its derivatives; Decarbonisation of industrial, mobility and energy sectors; reduction in dependence on imported fossil fuels and feedstock; development of indigenous manufacturing capabilities; creation of employment opportunities; and development of cutting-edge technologies.