Udyogini Scheme for Women Entrepreneurs: महिला उद्यमियों के लिए उद्योगिनी योजना | How to Apply, Eligibility | Udyogini Scheme @ myscheme.gov.in

Udyogini Scheme:- The Government of India has launched an Industrial Program for women entrepreneurs and their welfare and development. The Government of India Women Development Corporation implemented the Technical Plan.

The program encourages and motivates women to work among the disadvantaged by providing financial support for women to run businesses. Industrialization helps households increase their own income and encourages national development.

Read below for detailed information about the Industrialist Scheme such as points, objectives, features, eligibility, required documents, list of sponsored businesses, application process, and more

About Udyogini Scheme for Women Entrepreneurs 2023

Udyogini Scheme

By providing financial assistance to women to start businesses, the program encourages and stimulates women entrepreneurship among the vulnerable.

The program primarily supports and generates income for women living in rural and underdeveloped areas.

Industrial programs help increase the income of individuals and families and contribute to the development of the country as a whole.

Interest-free loans are available to women from all walks of life without any barriers or prejudices.

Banks also provide interest-free loans to business owners and women farmers. Udyogini Yojana depends heavily on the support of several commercial and public sector banks including Punjab Sind Bank, Saraswati Bank and Karnataka State Women Development Corporation (KSWDC) The organization plans and implements job development and training programs for women and provides finance in the help of.

Udyogini Scheme Details in Highlights

NameUdyogini Scheme
Introduced byGovernment and Women entrepreneurs in India
Implemented byGovernment of India’s Women Development
Interest RateCompetitive, subsidized, or free for special cases
Annual Family IncomeRs. 1.5 lakh or less
Loan AmountMax. up to Rs. 3 lakh
No income limitFor Widowed or disabled women
CollateralNot required
Processing FeeNil

Udyogini Scheme Objectives

The main objective of the state of Karnataka in implementing this scheme is to help women become self-reliant by starting their own companies and small businesses and prevent them from borrowing from investors at exorbitant interest rates on. Along with financial assistance, it also plans to offer skill development courses.

Udyogini Scheme Features

  • To encourage women borrowers to take loans from banks and other financial institutions so that they can start earning money
  • providing interest-free loans to eligible women beneficiaries without prejudice or discrimination
  • Make financial assistance affordable for women under SC/ST or other special groups.
  • Prevent women from accessing high-interest loans from private lenders or other financial institutions
  • Through EDP training, ensure that those beneficiaries who are women upgrade their skills.

Eligibility Criteria for the Udyogini scheme

  • Candidates must be women
  • The initial age limit for women was 45, but that has since been raised to 55, raising the minimum age from 18 to 55 years.
  • Earlier, the income limit was Rs. 40,000 square feet ; Current income limit: Rs. 1.5 lakhs is available.
  • Only women business owners are eligible for business loans.
  • Applicant with high credit score and able to pay
  • Ideally, you have not lent to financial institutions in the past.

Documents Required

  • Passport size photographs
  • Applicant’s Aadhaar Card
  • Birth Certificate
  • Duly filled Application Form with
  • Address and Income Proof
  • Applicant’s Below Poverty Line (BPL) card & Ration Card
  • Caste Certificate, if applicable
  • Copy of Bank passbook (account, bank and branch names, holder name, IFSC, and MICR)
  • Any other document required by the bank/NBFC

List of Supported Businesses

Agarbatti ManufacturingDiagnostic LabLeaf Cups ManufacturingRibbon Making​​
BanglesEdible Oil ShopMilk BoothShops & Establishments
Audio & Video Cassette ParlourDry CleaningLibrarySari & Embroidery Works
BakeriesDry Fish TradeMat WeavingSecurity Service
Banana Tender LeafEat-OutsMatch Box ManufacturingShikakai Powder Manufacturing
Bottle Cap ManufacturingFish StallsOld Paper MartsSoap Oil, Soap Powder & Detergent Cake Manufacturing
Beauty ParlourEnergy FoodMutton StallsSilk Thread Manufacturing
Bedsheet & Towel ManufacturingFair-Price ShopNewspaper, Weekly & Monthly Magazine VendingSilk Weaving
Book Binding And Note Books ManufacturingFax Paper ManufacturingNylon Button ManufacturingSilk Worm Rearing
Cleaning PowderGift ArticlesPhoto StudioTea Stall
Cane & Bamboo Articles ManufacturingFlour MillsPan & Cigarette ShopStationery Shop
Canteen & CateringFlower ShopsPan Leaf or Chewing Leaf ShopSTD Booths
Chalk Crayon ManufacturingFootwear ManufacturingPapad MakingSweets Shop
Chappal ManufacturingFuel WoodPhenyl & Naphthalene Ball ManufacturingTailoring
Cotton Thread ManufacturingInk ManufactureRadio & TV Servicing StationsVegetable & Fruit Vending
ClinicGym CentrePlastic Articles TradeTender Coconut
Coffee & Tea PowderHandicrafts ManufacturingPotteryTravel Agency
CondimentsHousehold Articles RetailPrinting & Dyeing of ClothesTutorials
Corrugated Box ManufacturingIce Cream ParlourQuilt & Bed ManufacturingTyping Institute
Dairy & Poultry Related TradeJute Carpet ManufacturingReal Estate AgencyWoollen Garments Manufacturing
CrècheJam, Jelly & Pickles ManufacturingRagi Powder ShopVermicelli Manufacturing
Cut Piece Cloth TradeJob Typing & Photocopying ServiceReadymade Garments TradeWet Grinding

Procedure to Apply for Udyogini Scheme

Applicants for this scheme or scheme can visit the nearest bank to fill up all the required documents and fill up the application form to go ahead with the required banking requirements.

Another option is for prospective entrepreneurs to visit the official websites of banks offering loans under the Industrialist Program and submit the loan application online.

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FaQ Udyogini Scheme

What are the benefits of Udyogini scheme?

High Loan Amount Value.
Upto 30% Subsidy on Loans. …
88 Small-Scale industries covered. …
Skill Development Training. …
Low or Interest-Free Loans. …
Complete Transparency in Applicant Evaluation.

Who is eligible for Udyogini scheme?

Candidates must be women
The initial age limit for women was 45, but that has since been raised to 55, raising the minimum age from 18 to 55 years.
Earlier, the income limit was Rs. 40,000 square feet ; Current income limit: Rs. 1.5 lakhs is available.

What is the interest rate of Udyogini scheme?

Micro Enterprises: PLR 3.25% i.e. 11.15% p.a.

Is Udyogini Yojana a government or private scheme?

Government of Karnataka

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