Udyogini Scheme for Women Entrepreneurs:- The Government of India has launched an Industrial Program for women entrepreneurs and their welfare and development. The Government of India Women Development Corporation implemented the Technical Plan.
The program encourages and motivates women to work among the disadvantaged by providing financial support for women to run businesses.
Industrialization helps households increase their own income and encourages national development. Read below for detailed information about the Industrialist Scheme such as points, objectives, features, eligibility, required documents, list of sponsored industries, application process, and more
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.
Udyogini Scheme Features
To encourage women borrowers to take loans from banks and other financial institutions so that they can start earning money providing interest-free loans to eligible women beneficiaries without prejudice or discrimination Make financial assistance affordable for women under SC/ST or other special groups.
Prevent women from accessing high-interest loans from private lenders or other financial institutions Through EDP training, ensure that those beneficiaries who are women upgrade their skills
Eligibility Criteria for the Udyogini scheme
Candidates must be women The initial age limit for women was 45, but that has since been raised to 55, raising the minimum age from 18 to 55 years. Earlier, the income limit was Rs. 40,000 square feet ; Current income limit: Rs. 1.5 lakhs is available. Only women business owners are eligible for business loans. Applicant with high credit score and able to pay Ideally, you have never lent to financial institutions
Documents Required
- 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
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
FaQ
Q.Who is eligible for Mahila Udyogini scheme?
Ans.Candidates must be women The initial age limit for women was 45, but that has since been raised to 55, raising the minimum age from 18 to 55 years. Earlier, the income limit was Rs. 40,000 square feet ; Current income limit: Rs. 1.5 lakhs is available
Q.What are the benefits of Udyogini scheme?
- 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
Q.Which bank is using Udyogini scheme?
Ans.Karnataka State Women's Development Corporation (KSWDC), Punjab and Sind Bank, Saraswat Bank and a few more private and public sector banks
Udyogini Scheme for Women Entrepreneurs: How to Apply, Eligibility
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