Udyogini Scheme for Women Entrepreneurs: How to Apply, Eligibility

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.

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