Udyogini Scheme :- For their care and growth, the Indian government and women entrepreneurs created this scheme. The Udyogini 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,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. Udyogini 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.
Many commercial and public sector institutions, including Punjab and Sind Bank,Saraswat Bank and the Karnataka State Women’s Development Corporation, contribute significantly to the Udyogini Scheme.This organisation provides financial aid while also organising and carrying out professional development training programmes for women.
Overview Udyogini Scheme for Women
Name of Scheme | Udyogini Scheme for Women |
Launched By | Government of India Women Development |
Beneficiaries | Womens of India |
Objective | To providing financial assistance to women starting enterprises |
Application Mode | Offline |
Website | https://udyogini.org/ |
Objective for Udyogini Scheme for Women
The major objective in putting this initiative into place is to assist women in becoming self-sufficient by launching their own businesses and microenterprises and prevent them from borrowing money for the same at high interest rates from moneylenders. In addition to offering financial aid, it also intends to offer skill building courses.
Benefits for Udyogini Scheme for Women
The Benefits for this scheme given below:
- To guarantee that all of our students can utilise public transportation.
- Our students may easily access their schools or colleges with the aid of this pass.
- which will enable them to become independent by saving time and money.
- Make financial help more accessible to women who are SC/ST or members of other special groups.
Udyogini Scheme Insights
Loan amount | Max amount up-to ₹3 lakh |
Interest rate | Very competitive (highly subsidized or free loans to special category) |
Annual family income (applicant) | ₹1.5 lakh or less |
Age limit | Min. 18 years and max. 55 years |
For widows or disabled women | No income limit |
Collateral | Not required |
Processing fees | Nil |
Eligibility Criteria
The Eligibility Criteria for for this scheme is given below:
- The applicant must be female.
- The age range for women who are eligible now ranges from 18 to 55 up from the original restriction of 45 years for women.
- The current income restriction is Rs.1.5 Lakhs up from the previous maximum of Rs. 40,000.
- Loans for businesses are only available to women entrepreneurs.
- A candidate with a high credit score who is able to make payments
- You wouldn’t have ever missed a payment on a loan from a bank.
Required Documents
The documents needed for this scheme is given below:
- 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
Applying Procedure for Udyogini Scheme for Women
To proceed with the appropriate bank requirements applicants to this scheme can visit the nearest bank with the required papers and complete an application form. Candidates also have the option of applying for a loan online by visiting the official websites of the banks that provide loans under the Udyogini programme.
List of Supported Businesses 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 |
Training for skill development
- Business planning
- Pricing
- Costing
- Feasibility of the business