New Delhi, Feb. 1 -- Finance Minister Nirmala Sitharaman on Saturday announced a National Manufacturing Mission to further boost the 'Make In India' initiative across industries, as the country becomes a bright spot on the global manufacturing map. Presenting the Union Budget 2025-26, the Finance Minister said that the National Manufacturing Mission would support clean tech, and build an ecosystem for solar cells, EV batteries, and high voltage transmission equipment manufacturing at the local level.

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, respectively. The government will also introduce cus...