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<h1>Priority lending to SC/ST enterprises under a new MUDRA Bank to refinance microfinance and expand credit access.</h1> The Union Budget proposes establishment of the Micro Units Development Refinance Agency (MUDRA) Bank as a refinance and funding vehicle for small, informal enterprises, with a dedicated corpus and separate credit guarantee corpus to support lending through intermediary lenders and micro finance institutions; lending under this arrangement will prioritise enterprises owned by Scheduled Castes and Scheduled Tribes to promote inclusive growth by expanding access to formal credit.