Women who are starting their businesses in India can apply for the new scheme which is presented by the Indian government to help women get proper entrepreneurship development skills programs so that they can learn about the managerial and other skills that are required to start their own businesses in India. Udyogini Scheme for Women Entrepreneurs 2024 is a project that was started by the Indian government to help people who are starting their businesses, especially women who belong to the marginalized section of society. You can check out the details of the scheme from the article provided below and we will also share with you all the procedures to download the application form.
What Is the Udyogini Scheme for Women Entrepreneurs?
To provide welfare opportunities to women entrepreneurs a new scheme is created to help them get loans with a maximum amount of rupees 3 lakh if their annual income is less than rupees 1.5 lakh so that they can start their businesses. Udyogini Scheme for Women Entrepreneurs is a very prestigious scheme which is implemented by the Women Development Corporation which is under the Government of India to provide specific information related to entrepreneurship development skills to women who are otherwise not able to access these types of programs. You can follow the eligibility criteria and the documents required to be a proper investor in this prestigious scheme created by the Indian government for the development of business opportunities for women in India.
Also Check: PMEGP Scheme
Highlights Of Scheme
| Name | Udyogini Scheme for Women Entrepreneurs 2023 |
| Launched by | Indian Government |
| Beneficiaries | Women business owners |
| Benefits | Providing loans |
| Official Website | Udyogini Scheme |
List of Supported Businesses
The following businesses are supported by the organization and these business owners will be able to get the loans:-
| 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 |
Udyogini Scheme from Bajaj Finserv
The applicant will be provided the following benefits if they are applying for the scheme through Bajaj:-
| Interest Rate | Interest-free loan to women from all sections of the society |
| Loan Amount | Max. up to Rs. 3 lakh |
| Loans available for | 88 SSIs – Small Scale Industries |
| Subsidy | Up to 30% |
| Family Income Criteria | Should be less than Rs. 1.5 lakh |
| Training for Skill Development | Available |
Also check: Kaushal Panjee
Udyogini Scheme from Saraswat Bank
The following benefits will be provided to the applicants if they are applying for this scheme through Saraswati bank:-
| Micro Enterprises | Small Scale Enterprises | Medium Enterprises | |
| Interest Rate | 10% p.a. onwards | 10% p.a. onwards | 10% p.a. onwards |
| Loan Amount | Up to Rs. 10 lakh | From Rs. 10 lakh up to Rs. 100 lakh | From Rs. 100 lakh up to Rs. 200 lakh |
| Processing Fee | Rs. 5,000 | · Upto Rs. 10 lakh – Rs. 5000 · Above Rs. 10 lakh and Upto Rs. 25 lakh – Rs. 7000 · Above Rs. 25 lakh – Rs. 10000 | Rs. 15,000 or 1% of the loan amount whichever is lower |
| Repayment Tenure | 6 Years | 6 Years | 7 Years |
| Margin | Nil | 20%-25% lower than the Bank’s norm | 20%-25% lower than the Bank’s norm |
| Security | Hypothecation + Guarantee of Spouse or a Family member wherever required. | Hypothecation + 2 Guarantors + Collateral Security (25%) | Hypothecation + 2 Guarantors + Collateral Security (30%) |
Udyogini Scheme from Punjab & Sind Bank (PSB)
The following benefits will be provided to the applicants if their applying for this scheme through PSB Bank:-
| Interest Rate – Vyapar Loan | 10.05% p.a. onwards (Working Capital Loan) |
| Loan Amount | Depends on business requirements |
| Processing Fee | Nil |
| Margin | Nil up to Rs. 25,000 |
| Security/Collateral | Nil, up to Rs. 25,000 |
| Loan Type | Term Loans and Working Capital Loans |
Udyogini Scheme from Karnataka State Women’s Development Corporation (KSWDC)
The following benefits will be provided to the applicants if they are applying through the Women’s Development Corporation in Karnataka state:-
| Interest Rate | As per business requirements |
| Age Criteria | Min. 18 years and Max. 45 years |
| Loan Amount | Up to Rs. 3 lakh |
| Subsidy | Up to 50%, family income limit to be less than Rs. 2 lakh for SC/ST category |
| Family Income Criteria | No limit for women under special categories and for general categories – Family income should be less than Rs. 40,000 |
| EDP Training provided | For 3 days, before loan disbursal |
Eligibility Criteria
The applicant must follow the following eligibility criteria to apply for this program:-
- Applicant must be a woman.
- The applicant must be above the age of 18 years and below the age of 55 years
- The annual income of the applicant must be less than rupees 1.5 lakh.
- An applicant must be a business owner
- The applicant must have a high credit score
- The applicant did not take any loans from any other Financial Institution.
Documents Required
The following documents are needed to apply for this program:-
- Duly filled Application Form with passport-sized photographs
- Applicant’s Aadhaar Card, Birth Certificate
- Applicant’s Below Poverty Line (BPL) card & Ration Card
- Address and Income Proof
- 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
Udyogini Scheme for Women Entrepreneurs 2024 Application Procedure
Loans under the Udyogini Scheme are offered by various financial institutions like cooperative banks, Regional Rural Banks (RRBs), and commercial banks at competitive interest rates. The applicant can visit the official bank from which they want to apply and then they can fill out the application form available there. You can also visit the official website of your respective bank and fill out the application.