Consider the following statements:

1. The Union Budget 2025-26 has increased the credit guarantee cover for MSMEs from ₹5 crore to ₹10 crore to enhance access to capital.

2. A National Manufacturing Mission has been launched to support small, medium, and large industries under the "Make in India" initiative.

3. The MSME sector in India contributes over 60% of total exports and plays a crucial role in industrial growth.

Which of the above statements is/are correct?