They warrant a mission-oriented approach beyond incentive-based interventions, the Economic Survey 2025-2026 observed. In the midst of economic transformation, geopolitical uncertainty, and rapid technological change, manufacturing capacity needs to be viewed as a strategic national asset. The MSME sector is well-positioned to harness the current momentum in the manufacturing sector. Despite expanding credit footprints and rising digital integration, access to formal credit remains a binding constraint for many micro-enterprises due to limited collateral and documentation readiness. Innovative measures including cash-flow–based lending should be expanded significantly to encourage formal credit access to micro and even first-time borrowers.