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.

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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

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

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 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

FAQ About Udyogini Scheme

✅ What is Udyogini yojana?

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.

✅WHO launched Udyogini yojana?

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.

✅Who is eligible for Udyogini Yojana Karnataka?

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

Amar Kumar is a graduate of Journalism, Psychology, and English. Passionate about communication - with words spoken and unspoken, written and unwritten - he looks forward to learning and growing at every opportunity. Pursuing a Post-graduate Diploma in Translation Studies, he aims to do his part in saving the 'lost…

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