Women Development Corporation has implemented the Udyogini Scheme for all female candidates. The name of the scheme is Udyogini as it means Women Empowerment. The government launched the scheme for the Indian Women Entrepreneurs Welfare and Development.
With the help of the scheme, the officials will promote and motivate all women entrepreneurs who are financially poor by providing financial support to women to do business.
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Udyogini Scheme for Women Entrepreneurs
The government will provide interest-free loans to women from every section of the society. There will be no place for discrimination and preference under this scheme. KSWDC, Saraswat Bank, and other banks have primarily offered the उद्योगिनी योजना for Women Entrepreneurs.
The scheme will also grow the overall economy of the country. Details like the application process, supporting business categories, and others can be checked here.
Highlights of the Udyogini Scheme for Women Entrepreneurs
| Name of the Scheme | Udyogini Scheme |
| Interest Rate | Competitive, subsidized or free for special cases |
| Implemented by | Women Development Corporation |
| Loan Amount | Up to Rs. 3 lakh |
| Required Annual Family Income | Rs. 1.5 lakh or less and no limit for Widowed or disabled women |
| Collateral | Not required |
| Processing Fee | Nil |
Features of the Udyogini Scheme for Women Entrepreneurs
In the following paragraph, we are going to mention some of the key features of the Udyogini Scheme. These features will help candidates in deciding whether to apply for the scheme or not. Below are the key features:
- Beneficiaries will get a long of up to Rs. 3 lakh if they fulfill all eligibility conditions required for the scheme.
- Users can use the scheme to start any of the 88 business categories which are included under the scheme. Some of the included businesses are Fish Stalls, Cut Piece Cloth Trade, Flour Mills and Dairy & Poultry Related Trade. Women entrepreneurs who are interested in starting a business in agriculture field will also get interest free loan.
- The concerned authority wants to impart functional skills related to business. Such as costing, planning, pricing as well as financial support.
- To make the repayment process affordable for women, the government has purposes up to 30% loan subsidy on the extended loan under this scheme.
- The officials have stated that the assessment for the selection of candidates under the scheme will be transparent.
Documents Required to Apply for the Udyogini Yojana
In the following section, we are going to mention a list of documents which will be needed while applying for the Udyogini Scheme for Women Enterprises. Below is the list of necessary documents:
- Hard Copy of the Application Form along with passport-sized photographs
- Applicant’s BPL Card i.e., Below Poverty Line Card and Ration Card
- Category Certificate (If Applicable)
- Birth Certificate of the candidate
- The Aadhaar Card of the applicant
- Address and Income Proof Certificate of aspirants
- Copy of Bank passbook 1st page (stating account, bank and branch names, holder name, IFSC and MICR)
- Any other document requested by the bank/ NBFC
महिला उद्यमियों के लिए उद्योगिनी योजना Eligibility Criteria
Eligibility Criteria is the requirement which needs to be fulfilled to become eligible for the position. Below is the detailed eligibility conditions set by the officials:
- Only female candidates can become a part of the Udyogini Scheme for Women Entrepreneurs.
- Previously, the officials set the maximum age limit to 45 years old for the scheme. However, the officials have finally increased the maximum age limit and now it is 55 years old. So, the age limit to apply for the scheme is 18 to 55 years old.
- At first, the income limit set by the officials was rs. 40,000. However, now the current income restriction is Rs. 1.5 lakhs.
- Only business owners who are women are eligible to apply for the business loans.
- Applicants must have higher credit score and must be able to make payments.
- Interested ones wouldn’t have defaulted on any other loans from any recognized financial institutions.
Business Categories Supported under the Udyogini Scheme
Now, we will check details about the categories of business which the officials have undertaken for the Udyogini Scheme. Below is the list of business categories which are being supported by the उद्योगिनी योजना:
| Sari & Embroidery Works | Dry Cleaning |
| Security Service | Dry Fish Trade |
| Mat Weaving | Bakeries |
| Match Box Manufacturing | Banana Tender Leaf |
| Milk Booth | Bangles |
| Mutton Stalls | Beauty Parlour |
| Newspaper, Weekly & Monthly Magazine Vending | Bedsheet & Towel Manufacturing |
| Nylon Button Manufacturing | Book Binding And Note Books Manufacturing |
| Plastic Articles Trade | Clinic |
| Pottery | Coffee & Tea Powder |
| Pan Leaf or Chewing Leaf Shop | Canteen & Catering |
| Phenyl & Naphthalene Ball Manufacturing | Chappal Manufacturing |
| Photo Studio | Cleaning Powder |
| Library | Audio & Video Cassette Parlour |
| Printing and Dyeing of Clothes | Condiments |
| Quilt & Bed Manufacturing | Corrugated Box Manufacturing |
| Tea Stall | Gift Articles |
| Ragi Powder Shop | Crèche |
| Readymade Garments Trade | Cut Piece Cloth Trade |
| Old Paper Marts | Bottle Cap Manufacturing |
| Pan & Cigarette Shop | Cane & Bamboo Articles Manufacturing |
| Papad Making | Chalk Crayon Manufacturing |
| Tender Coconut | Gym Centre |
| Shikakai Powder Manufacturing | Eat-Outs |
| Typing Institute | Ice Cream Parlour |
| Leaf Cups Manufacturing | Agarbatti Manufacturing |
| Silk Weaving | Fair-Price Shop |
| Silk Worm Rearing | Fax Paper Manufacturing |
| Soap Oil, Soap Powder & Detergent Cake Manufacturing | Fish Stalls |
| Radio & TV Servicing Stations | Cotton Thread Manufacturing |
| Vegetable & Fruit Vending | Ink Manufacture |
| Sweets Shop | Footwear Manufacturing |
| Tailoring | Fuel Wood |
| Woollen Garments Manufacturing | Jute Carpet Manufacturing |
| Stationery Shop | Flour Mills |
| Travel Agency | Handicrafts Manufacturing |
| Tutorials | Household Articles Retail |
| Shops & Establishments | Edible Oil Shop |
| Silk Thread Manufacturing | Energy Food |
| Vermicelli Manufacturing | Jam, Jelly & Pickles Manufacturing |
| Wet Grinding | Job Typing & Photocopying Service |
| Real Estate Agency | Dairy & Poultry Related Trade |
| Ribbon Making | Diagnostic Lab |
| STD Booths | Flower Shops |
Udyogini Scheme for Women Entrepreneurs Application Process
It is informed to all the readers that the officials have not yet launched any portal for the conduction of the online application process of the above-mentioned scheme. Applicants who want to apply for the scheme will have to visit the nearest bank.
They must carry all the requested documents and fill out the application form carefully to submit it to the respective bank. Another way to apply for the scheme is to submit the loan application online by visiting the official website of the respective.