Explanation:

Both statements are correct.
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.

• 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.

Hence option 3rd is correct.