National Manufacturing Mission

03.02.2025

National Manufacturing Mission

Why in the 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 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, supporting 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.

                                                         Source: PIB

Consider the following statements regarding the National Manufacturing Mission:

1. It will lay emphasis on future ready workforce for in-demand jobs.

2. It aims to enhance domestic value addition and build a robust ecosystem for solar PV cells.

Which of the statements given above is/are correct?

A.1 only

B.2 only

C.Both 1 and 2

D.Neither 1 nor 2

Answer C