From UPSC perspective, the following things are important :
Prelims level: National Manufacturing Mission (NMM)
Why in the News?
The Union Finance Minister, while presenting the Union Budget 2025-26, announced the launch of the National Manufacturing Mission (NMM) to boost India’s manufacturing sector under the Make in India initiative.
What is the National Manufacturing Mission?
- The NMM was announced in Union Budget 2025-26 to boost India’s manufacturing sector under the Make in India initiative.
- It covers small, medium, and large industries and aims to strengthen domestic production capabilities, enhance competitiveness, and create jobs.
- The mission provides policy support, execution roadmaps, and governance frameworks for both central ministries and state governments.
- It promotes Clean Tech manufacturing and focuses on developing an ecosystem for critical industrial components such as solar PV cells, EV batteries, wind turbines, and high-voltage transmission equipment.
- Aims and Objectives:
- Boost domestic production to reduce import dependence.
- Enhance MSME sector growth with credit expansion (₹10 crore from ₹5 crore).
Key Features & Significance:
- Infrastructure & Industrial Clusters to strengthen supply chains.
- National Action Plan for Toys to make India a global toy hub.
- New footwear & leather industry scheme to create 22 lakh jobs and boost exports.
- National Institute of Food Technology in Bihar to increase farmer incomes through food processing.
Back2Basics: National Manufacturing Policy (NMP)
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PYQ:[2012] What is/are the recent policy initiative(s) of Government of India to promote the growth of manufacturing sector? 1. Setting up of National Investment and Manufacturing Zones 2. Providing the benefit of ‘single window clearance’ 3. Establishing the Technology Acquisition and Development Fund Select the correct answer using the codes given below: (a) 1 only (b) 2 and 3 only (c) 1 and 3 only (d) 1, 2 and 3 |
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