National Manufacturing Mission

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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.

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.