National Manufacturing Mission

National Manufacturing Mission Latest News

Recently, the Union Minister for Finance announced the National Manufacturing Mission while presenting the Union Budget 2025-26 in Parliament.

 About National Manufacturing Mission

• It covers small, medium and large industries for furthering “Make in India”.
• It will lay emphasis on five focal areas i.e.
  • o Ease and cost of doing business; future ready workforce for in-demand jobs; a vibrant and dynamic MSME sector; availability of technology; and quality products.
• Under this Mission, the government will provide policy assistance, implementation roadmaps, and governance and monitoring structures for central ministries and states.
• It aims to enhance domestic value addition and build a robust ecosystem for solar PV cells, electric vehicle (EV) batteries, motors and controllers, electrolysis, wind turbines, high-voltage transmission equipment, and grid-scale batteries.
• The Mission will also support Clean Tech manufacturing.
• It will support design capacity, component manufacturing, and machinery required for production of non-leather quality footwear, besides the support for leather footwear and products.
• In addition to the mission,the credit guarantee cover is to be enhanced for MSMEs to Rs 10 crore from Rs 5 crore and investment and turnover limit for classification of all MSMEs will be enhanced to 2.5 and 2 times.

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National Manufacturing Mission FAQs

Q1: What are the 4 pillars of Make in India?

Ans: The 4 pillars of Make in India initiative are New Mindset, New Sectors, New Infrastructure, and New Processes. 

Q2: What is the slogan of Make in India?

Ans: “Zero Defect Zero Effect” slogan was coined by the Prime Minister of India to guide the Make in India initiative.

Source: PIB