Udyogini Scheme for Women Entrepreneurs: How to Apply, Eligibility

Udyogini Scheme for Women Entrepreneurs:- The Udyogini program was started by the Government and Women Entrepreneurs in India for their welfare and advancement. The Government of India’s Women Development Corporation has put the Udyogini Yojana into effect. This program encourages and motivates women’s entrepreneurship among the underprivileged by giving women financial help for running a business. The Udyogini Scheme aids in raising household and individual income levels and promotes national development. Read below to get detailed information related to the Udyogini Scheme like highlights, objectives, features, eligibility criteria, documents required,  List of Supported Businesses, Application procedure, and much more

Udyogini Scheme

About Udyogini Scheme for Women Entrepreneurs 2023

By giving women financial support to start businesses, this program promotes and motivates female entrepreneurship among the underprivileged. Women living in rural and underdeveloped areas are primarily supported and funded by this program. Udyogini Schemes help to increase a person’s and a family’s income and contribute to the overall growth of the nation. Women from all aspects of society are granted interest-free loans without hindrance or bias. The banks also provide interest-free loans to female farmers who are business owners. The Udyogini Scheme relies heavily on the support of numerous commercial and public sector banks, including Punjab and Sind Bank, Saraswat Bank, and the Karnataka State Women’s Development Corporation (KSWDC). This organization coordinates and implements professional development training programs for women while also offering financial assistance.

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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 state of Karnataka’s main goal in implementing this program is to help women become self-sufficient by starting their own companies and microenterprises and prevent them from borrowing money at excessive interest rates from moneylenders for the same. Along with financial help, it also plans to provide skill development courses.

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Udyogini Scheme Features

Some of the key features of the Udyogini scheme are as follows:

  • Encouraging female borrowers to take out loans from banks and other financial organizations so that they can start earning money
  • To offer eligible women beneficiaries interest-free loans without any bias or discrimination
  • Make financial aid more affordable for women who fall under the SC/ST or other special categories.
  • Prevent women from obtaining a high-interest loan from private lenders or other financial organizations
  • Through EDP Training, make sure the beneficiaries who are women increase their skills.

Eligibility Criteria for the Udyogini scheme

The eligibility criteria for the udyogini scheme are as follows:

  • The candidate must be a woman
  • The initial woman’s age restriction was 45 years, but that limit has since been raised to 55 years, making the range of eligible ages 18 to 55.
  • The prior income limit was Rs. 40,000; the current income restriction is Rs. 1.5 Lakhs.
  • Only women business owners are eligible for business loans.
  • The applicant who has a high credit score and can make payments
  • Ideally, you wouldn’t have defaulted on any previous loans from financial institutions.

Udyogini Scheme Documents Required

Some of the important documents required for the Udyogini scheme are as follows:

  • 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

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List of Supported Businesses under Udyogini Scheme

The List of Supported Businesses under the Udyogini Scheme is given in the table below:

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 to this scheme or yojana can visit the closest bank with all the necessary documentation and fill out an application form to move on with the necessary bank requirements. Another choice is for candidates to submit a loan application online by going to the official websites of the banks that offer loans under the Udyogini program.

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