The Central Government introduced the Udyogini Scheme to assist women from households with lower incomes in starting their businesses. A Rs. 3 lakh interest-free loan would be given to women from poor and middle-class backgrounds under this plan to help them launch their companies. Furthermore, there will be a 30% loan subsidy offered. The national government has implemented schemes across every area, and as a result, all women in the country are currently able to make use of this program. Under this plan, eligible women can get loans up to Rs. 3 lakhs. Keep reading this article to know more.
About Udyogini Scheme for Women Entrepreneurship
The government’s primary goal is to empower Indian women to become self-sufficient and achieve Atma Nirbhar with the help of this Udyogini Scheme for Women Entrepreneurship. To help young, female entrepreneurs in rural and underdeveloped areas of India, the government launched the Udyogini initiative. It is also through this program that women entrepreneurs who are financially disadvantaged can start their businesses. A business loan application can be submitted by program beneficiaries to start out in a range of industries. Interest-free business loans to women from diverse social origins must be offered by financial institutions by law. Financial organizations such as district cooperative banks, commercial banks, and regional rural banks (RRBs) are responsible for disbursing loans.
Also Read: Sahara India Refund List
Salient Features of the Udyogini Scheme
| Name | Udyogini Scheme |
| Established by | Women Development Corporation |
| Beneficiaries | Women citizens of India |
| Loan Amount | Upto 3 lakh rupees |
| Application mode | Online/ offline |
Eligibility Criteria
- The applicant must be between the ages of 18 and 55.
- The BPL family’s female members are qualified. Women in a different category could feel more at ease under this plan.
- For both the general and special categories, the applicant’s income must be less than 1.5 lakh to qualify for the scheme.
- Women who are disabled or widowed: There is no family income cap
- To be eligible for the Udyogini Yojana Scheme 2024, women must have a clean credit history and not owe money on any previous loans.
Benefits of Udyogini Scheme 2024
- The unit cost for women from Scheduled tribes and castes is ₹3,00,000 at the highest and ₹1,00,000 at the lowest.
- 50% of the loan amount is subsidized, and the family’s annual income cannot exceed ₹2,00,000.
- The maximum unit cost for women in the general and special categories is ₹ 3,00,000.
- The subsidy is 30%, up to a maximum of ₹ 90,000/-, for women in the general category and special category. with chosen beneficiaries receiving EDP training.
Loan Amount and Interest Rate
- Women who want to finance their small companies can apply for interest-free loans through the Udyogini initiative, which makes them Atma Nirbhar.
- Under this policy, interest-free loans are available to widows, disabled people, and Dalits; women in other categories must pay 10% to 12% interest on the loan amount.
Required Documents
- Three images of the applicant the size of a passport.
- A certification attesting to the applicant’s experience and training in the field of the requested loan.
- A detailed project report (DPR) outlining the project for which funding is being requested.
- Voter ID card and ration card.
- The family’s annual income certificate
- Caste Certificate (for those who are SC/ST eligible).
- Quotes for Equipment, Machinery, and Other Capital Costs
List of Businesses Covered Under the Udyogini Scheme
Here is a list of business categories supported under the Udyogini scheme:
- Agar Batti manufacturing
- Audio-video parlour
- Bakeries
- Banana leaf manufacturing
- Beauty Parlour
- Bangles
- Bed sheet and towel manufacturing
- Books and notebooks binding
- Bottle cap manufacturing
- Bamboo article manufacturing
- Canteen and catering
- Creche
- Clinic
- Condiments
- Coconut shop
- Chalk crayon manufacturing
- Chappal manufacturing
- Cleaning powder
- Coffee and tea powder
- Corrugated box manufacturing
- Cotton thread manufacturing
- Cut-piece cloth trade
- Dairy and poultry trade
- Diagnostic lab
- Dry cleaning
- Dry fish trade
- Eat outs
- Edible oil trade
- Energy food
- Fairtrade shop
- Fax paper manufacturing
- Fish stalls
- Flower shops
- Flour mills
- Fuelwood
- Footwear manufacturing
- Gift articles
- Gym centers
- Handicrafts manufacturing
- Household article retail
- Ice cream parlor
- Ink manufacturing
- Jams, jellies and pickles manufacturing
- Typing and photocopy
- Jute carpet manufacturing
- Library
- Leaf cup manufacturing
- Mat weaving
- Matchbox manufacturing
- Milk booth
- Mutton stalls
- Newspaper, weekly and monthly magazine vending
- Nylon button manufacturing
- Old paper mart
- Pan and cigarette shop
- Pan masala shop
- Papad manufacturing
- Phenyl and naphthalene
- Photo studio
- Plastic article shop
- Printing and dyeing
- Quilt and bed manufacturing
- Radio and TV service
- Ragi powder shop
- Readymade garment
- Real estate agency
- Ribbon manufacturing
- Sari & embroidery
- Security service
- Shikakai powder manufacturing
- Silk weaving
- Shops and establishment
- Silk thread manufacturing
- Silk-worm rearing
- Soap oil, cake manufacturing
- Stationery shop
- STD booths
- Sweet shops
- Tailoring
- Tea stall
- Travel agency
- Tutorials
- Typing institute
- Vegetable vending
- Vermicelli manufacturing
- Wet grinding
- Woolen garment manufacturing
Udyogini Scheme Apply Online
The user must take the actions listed below to apply online for the Udyogini Scheme:
- Firstly, apply for loans via the Udyogini scheme by visiting the bank’s official website.
- Using the navigation bar, find the Udyogini scheme option and click the link to the application form.
- Now, complete the form with all the necessary information.
- Following on-site verification, your application will be thoroughly examined by CDPO before being forwarded to the selection committee.
- After reviewing it, they will send your application to the bank.
- They will review your project plan and accompanying documents before processing your loan application.
- After a successful verification, they will write a letter to the corporation seeking the release of the subsidy.
- As soon as the bank gives its approval loan application, the funds for the loan will be disbursed.
- If the loan is for machinery, equipment, or other capital expenses, the money will be deposited directly into your bank account or into the supplier’s account.
Offline Application Procedure
The user must do the following actions in order to apply offline for the Udyogini Scheme:
- You can get the loan application form for the Udyogini plan via the CDPO’s or deputy director’s office, or you can get it online at the bank’s official website.
- To apply for a loan under the Udyogini scheme, you must visit the nearest bank and bring all necessary papers.
- Fill out the application and send it to the officials with the necessary supporting papers.
- Your loan requests will be verified, and project proposals and supporting materials will be examined.
- They will draft a letter asking the company to release the subsidy after processing your loan application.
- The money is transferred by the bank to your bank account or directly to when they approve your loan application, suppliers take capital costs like machinery and equipment into account.
Direct Link
| Official Website | Udyogini Scheme Website |
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