<h1>Government Launches MUDRA Bank to Boost Micro and Small Businesses, Enhance Credit Access for Marginalized Communities.</h1> The government plans to establish the Micro Units Development and Refinance Agency (MUDRA) Bank to support micro and small business units, primarily owned by individuals from marginalized communities. These enterprises, largely unbanked, will gain access to institutional finance, promoting GDP growth and employment. MUDRA Bank will regulate and refinance micro-finance institutions, ensuring responsible financing practices. It will partner with regional coordinators to finance small businesses, supported by a Rs. 20,000 crore Refinance Fund and a Rs. 3,000 crore Credit Guarantee corpus. This initiative aims to reduce borrowing costs and enhance credit access for informal sector enterprises.