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
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
Name | Udyogini Scheme |
Introduced by | Government and Women entrepreneurs in India |
Implemented by | Government of India’s Women Development |
Interest Rate | Competitive, subsidized, or free for special cases |
Annual Family Income | Rs. 1.5 lakh or less |
Loan Amount | Max. up to Rs. 3 lakh |
No income limit | For Widowed or disabled women |
Collateral | Not required |
Processing Fee | Nil |
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 Manufacturing | Diagnostic Lab | Leaf Cups Manufacturing | Ribbon Making |
Bangles | Edible Oil Shop | Milk Booth | Shops & Establishments |
Audio & Video Cassette Parlour | Dry Cleaning | Library | Sari & Embroidery Works |
Bakeries | Dry Fish Trade | Mat Weaving | Security Service |
Banana Tender Leaf | Eat-Outs | Match Box Manufacturing | Shikakai Powder Manufacturing |
Bottle Cap Manufacturing | Fish Stalls | Old Paper Marts | Soap Oil, Soap Powder & Detergent Cake Manufacturing |
Beauty Parlour | Energy Food | Mutton Stalls | Silk Thread Manufacturing |
Bedsheet & Towel Manufacturing | Fair-Price Shop | Newspaper, Weekly & Monthly Magazine Vending | Silk Weaving |
Book Binding And Note Books Manufacturing | Fax Paper Manufacturing | Nylon Button Manufacturing | Silk Worm Rearing |
Cleaning Powder | Gift Articles | Photo Studio | Tea Stall |
Cane & Bamboo Articles Manufacturing | Flour Mills | Pan & Cigarette Shop | Stationery Shop |
Canteen & Catering | Flower Shops | Pan Leaf or Chewing Leaf Shop | STD Booths |
Chalk Crayon Manufacturing | Footwear Manufacturing | Papad Making | Sweets Shop |
Chappal Manufacturing | Fuel Wood | Phenyl & Naphthalene Ball Manufacturing | Tailoring |
Cotton Thread Manufacturing | Ink Manufacture | Radio & TV Servicing Stations | Vegetable & Fruit Vending |
Clinic | Gym Centre | Plastic Articles Trade | Tender Coconut |
Coffee & Tea Powder | Handicrafts Manufacturing | Pottery | Travel Agency |
Condiments | Household Articles Retail | Printing & Dyeing of Clothes | Tutorials |
Corrugated Box Manufacturing | Ice Cream Parlour | Quilt & Bed Manufacturing | Typing Institute |
Dairy & Poultry Related Trade | Jute Carpet Manufacturing | Real Estate Agency | Woollen Garments Manufacturing |
Crèche | Jam, Jelly & Pickles Manufacturing | Ragi Powder Shop | Vermicelli Manufacturing |
Cut Piece Cloth Trade | Job Typing & Photocopying Service | Readymade Garments Trade | Wet 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.
Sabki Yojana Sabka Vikas Yojana
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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