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Udyogini Scheme: The onset of Udyogini yojana shows how India is developing with its own pace. The rise in economy along with the right of education to all is making good for the country. In this program, women entrepreneurs of the country are being motivated to give them a kind of financial security.
In short, the Udyogini Scheme not only motivates young businesswomen but also gives them an opportunity to promote the development of the nation.
In this document, you will go through some of the core highlights of the Udyogini Scheme along with its features, benefits and more.
Udyogini Scheme for Women Entrepreneurs 2023
The scheme is all about giving financial support to the young and upcoming women entrepreneurs. One of the core features of this program is that women of undeveloped and rural areas are funded and supported through this scheme.
Through the Udyogini Scheme, a woman will be able to contribute to her family’s income and ensure the overall financial backup of her family. Looking at these huge benefits of this scheme, women from different culture and society are granted interest-free loans without any hassles.
In addition to the above, banks are also directed to provide interest-free loans to female business owners and farmers. The Udyogini Scheme is therefore relies mainly on the support of public and commercial sector banks.
A few banks name that support women entrepreneurs include Karnataka State Women’s Development Corporation (KSWDC), Saraswat Bank, and Punjab and Sind Bank.
There are different organizations available that implement and coordinate various personal development and trainings for women while giving them financial assistance.
Karnataka Uchita Prayana Scheme
Udyogini Scheme Details in Highlights
| Name of the Scheme | Udyogini Scheme |
| Launched By | Government and Women entrepreneurs in India |
| Implemented By | Government of India’s Women Development |
| Interest Rate | Competitive, subsidized, or free for special cases |
| Family Income (Annual) | Rs. 1.5 lakh or less |
| 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 scheme has been adopted by the state of Karnataka mainly to help women business owners with a kind of self motivation.
This is done by helping them financially so that they can contribute to their household. This way, women will also become financially strong. A number of skill development trainings are also available to enhance their self esteem.
Udyogini Scheme Features
Check some of the features of Udyogini scheme:
- To encourage female borrowers to take loans from banks and other financial institutions
- All eligible women will get interest-free loans
- Those women who fall in the category of SC/ST, they will be given affordable loans and more
- It also prevents women to procure a high-interest loan from financial organizations or private lenders
- All women can enhance their skills by going through EDP Training modules
UP Kaushal Satrang Yojana
Eligibility for the Udyogini scheme
Check the eligibility of the udyogini scheme below:
- You must be a woman
- Earlier, the age restriction for a woman to apply was 45 years, but it has been increased to 55 years
- The overall age limit for women to apply is 18 to 55 years
- The prior income limit was Rs. 40,000
- The current income restriction is up to Rs. 1.5 Lakhs
- The business loans will be offered only to women business owners
- You need to have a high credit score and can make payments
- You must not have defaulted on any previous loan
Udyogini Scheme Documents Required
Check some crucial documents needed to apply against the Udyogini scheme:
- A Copy of Bank passbook
- Caste Certificate, if applicable
- BPL card or Ration card
- Income and Address proof
- Birth Certificate
- Aadhaar Card
- Passport size photographs
- Any other document
List of Businesses supported under Udyogini Scheme
| 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 |
PMAY List 2023
How to Apply for Udyogini Scheme
If you are interested in this scheme or yojana, you need to visit your nearest bank with all the required documents given above. Fill the required details and submit the application in the bank to apply.
You can also submit a loan application online directly on the official website of the bank under the Udyogini program.
Also Check: Punjab Free Smartphone Yojana
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