What is Hydrogen Corpus Fund?
The Ministry of Petroleum & Natural Gas, Government of India has set up a Hydrogen Corpus Fund on the use of hydrogen as an auto fuel. The Indian Oil Industry has to work synergistically and in close coordination with reputed technological institutions to make headway in this frontier area. With this object in mind, the Ministry has set up a Hydrogen Corpus Fund of Rs. 100 crore with contribution from Oil PSUs/OIDB as follows
OIDB – Rs. 40 crore
ONGC, IOC, GAIL – Rs. 16 crore each
HPCL, BPCL – – Rs. 6 crore each.