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· The Union Cabinet approved an initial outlay of Rs 19,744 crore for the National Green Hydrogen Mission . · The initial outlay for the mission will include Rs 17,490 crore for strategic interventions for green hydrogen transition ( SIGHT ) programme, Rs 1,466 crore for pilot projects , Rs 400 crore for research and development ( R&D ) , and Rs 388 crore towards other mission components . · The initial target is to produce 5 million tonnes ( mt ) of green hydrogen annually . SIGHT will include two financial incentive mechanisms for the domestic manufacturing of electrolysers and the production of green hydrogen . Learn Along : The National Hydrogen Mission was launched on August 15, 2021, with a view to cutting down carbon emissions and increasing the use of renewable sources of energy . The Ministry of New and Renewable Energy ( MNRE ) will formulate the scheme guidelines for implementation . The mission seeks to promote the development of green hydrogen production capacity of at least 5 MMT ( Million Metric Tonnes ) per annum with an associated renewable energy capacity addition of about 125 GW in the country by 2030 .
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