Udyogini Scheme eligibility 2023:- For their care and growth, the Indian government and women entrepreneurs created this scheme. The Scheme is in place due to the Women Development Corporation of India. By providing women with financial assistance for establishing a business, this initiative promotes and supports women’s entrepreneurship among the impoverished. This scheme encourages national growth while helping to increase family and individual income levels. To get more information regarding this scheme such as benefits, eligibility, Udyogini Scheme Objectives, and applying process.
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Udyogini Scheme for Women
This initiative encourages and inspires female entrepreneurship among the impoverished by providing financial assistance to women starting enterprises. This initiative primarily supports and funds women who live in rural and poor areas. Scheme aids in boosting an individual’s and a family’s income as well as the economic development of the country. Without discrimination or restrictions, women from all facets of society are given interest-free loans. Additionally, banks offer interest-free loans to female farmers who run their own businesses.
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
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.
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.
Udyogini Scheme eligibility 2023
The Udyogini Scheme eligibility 2023 for the 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 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
List of Supported Businesses under the Udyogini Scheme
The List of Supported Businesses under the Udyogini Scheme is given in the table below:
| 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 |
FAQ About Udyogini Scheme
Administered by the Women Development Corporation, Udyogini is a program aimed at offering reduced-interest loans to ambitious women entrepreneurs hailing from rural and less developed regions.
In an effort to support jobless women in achieving financial independence, the government of Karnataka has initiated a program known as Karnataka Udyogini Yojana. This initiative was Udyogini Scheme application process introduced in 2015-16 and is being executed by the State Women’s Development Corporation and the Women and Child Development Department, which offer loan options to eligible candidates.
To be eligible for the Udyogini loan, the applicant must fall within the age range of 18 to 55 years and their family’s annual income should not surpass ₹1,50,000. Additionally, the requested loan amount should not exceed ₹3,00,000. It is worth noting that no collateral is required for this loan. Udyogini Scheme application process Udyogini Scheme applying process Udyogini Scheme applying process Udyogini Scheme applying process Udyogini Scheme Objectives
