Union Budget 2026-27 allocates Rs 35,000 crore for green energy initiatives, with significant focus on green hydrogen production and domestic solar manufacturing.
Key Takeaways
- Rs 35,000 crore for green energy sector
- Rs 19,000 crore for green hydrogen mission
- Rs 10,000 crore for solar manufacturing PLI
- Tax incentives for climate tech startups
Green Hydrogen Mission
The Rs 19,000 crore allocation supports:
- Electrolyzer manufacturing incentives
- Green hydrogen production subsidies
- Pilot projects across industries
- R&D funding for efficiency improvements
Solar Manufacturing
PLI scheme expansion includes:
- Solar cell manufacturing incentives
- Module assembly support
- Import duty adjustments
- Quality standards implementation
Startup Opportunities
Climate tech startups benefit from:
- Dedicated funding windows
- Tax holiday extensions for green companies
- Priority sector lending access
- Government procurement preferences
Related: Nuclear Energy Startups See Funding Surge