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RBI may consider priority sector status to green hydrogen projects

The Department of Financial Services on Friday held a meeting, seeking suggestions for easing of financing provisions for the projects being taken up under the National Green Hydrogen Financing

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Nikesh Singh
The Reserve Bank of India (RBI) is likely to consider including loans taken up for the green hydrogen projects under priority sector lending, said a government official on the condition of anonymity.

The Department of Financial Services on Friday held a meeting, seeking suggestions for easing of financing provisions for the projects being taken up under the National Green Hydrogen Financing. Apart from finance ministry officials, the meeting was attended by officials from the RBI and renewable ministry and environment ministry.

“The discussions are also looking at aspects such as interest subvention scheme and subsidy for the sector,” he added.

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First Published: Feb 17 2023 | 9:10 PM IST

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