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
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 Scheme helps 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
| 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
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.
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
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 |
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.
