<h1>Government Launches MUDRA Bank to Boost Credit Access for SC/ST/OBC-Owned Small Businesses with Rs. 20,000 Crore Corpus.</h1> The Union Finance Minister announced the establishment of the Micro Units Development Refinance Agency (MUDRA) Bank to support small enterprises, particularly those owned by SC/ST/OBC individuals. The initiative aims to promote inclusive growth by facilitating access to credit for approximately 5.77 crore small business units, primarily individual proprietorships. With a corpus of Rs. 20,000 crore and a credit guarantee of Rs. 3,000 crore, MUDRA Bank will refinance Micro-Finance Institutions under the Pradhan Mantri Mudra Yojana, prioritizing SC/ST enterprises. This move seeks to empower young, skilled workers to become entrepreneurs and enable existing small businesses to expand.