The Udyogini Scheme is a government initiative aimed at empowering women entrepreneurs by providing them with financial assistance to start and grow their businesses. This scheme offers interest-free loans of up to ₹3 lakh, along with skill development training, making it an excellent opportunity for women from economically weaker backgrounds to achieve financial independence. Whether it’s agriculture, tailoring, grocery stores, or other small-scale industries, the Udyogini Yojana supports 88 different business sectors, ensuring women have the resources to build sustainable livelihoods. In this article, we will explore the eligibility criteria, benefits, application process, and other essential details of the Udyogini Scheme to help aspiring women entrepreneurs take advantage of this opportunity.
| Scheme | Udyogini Scheme Yojana |
| Type | Karnataka |
| State | Karnataka |
| Applicable | Womens |
| Benefits | Upto ₹ 3,00,000 |
| Udyogini Yojana Online Apply official website | https://kswdc.karnataka.gov.in/21/udyogini/en |
Features of Udyogini Yojana Scheme
The Udyogini Scheme is designed to provide financial assistance to women entrepreneurs across India, helping them start and grow their businesses. Here are some of its key features:
- Interest-Free Loans: The scheme offers interest-free loans to women from all sections of society looking to fund small businesses.
- High Loan Amount: Eligible applicants can receive up to Rs. 3 lakh under this scheme.
- Covers 88 Small-Scale Industries: The loan can be used to start businesses in 88 industries, including fisheries, bakeries, grocery stores, tailoring shops, libraries, and agricultural businesses.
- Skill Development Training: Women receive training in business planning, pricing, costing, and feasibility assessment to enhance their entrepreneurial skills.
- Loan Subsidy: The government provides up to a 30% subsidy on loans to ease repayment.
- Transparent Evaluation: The selection process ensures a fair and transparent assessment of beneficiaries.
Benefits of the Udyogini Scheme
The Udyogini Scheme supports women entrepreneurs in the following ways:
- Interest-Free Loans: Special categories such as widows, differently-abled women, and destitute women can avail of interest-free loans.
- High Loan Amounts: Women entrepreneurs can receive loans of up to Rs. 3 lakh, providing significant capital to start their businesses.
- Supports 88 Industries: Women can receive financial aid for various industries, including agriculture.
- Business Skills Training: The scheme includes training in essential business skills like planning, pricing, costing, and feasibility assessment.
- Loan Subsidy: Offers up to a 30% subsidy on loans to make repayment easier.
Eligibility Criteria for Udyogini Scheme
Women entrepreneurs must meet the following criteria to qualify for a loan under this scheme:
- Age Requirement: Applicant must be between 18 and 55 years old.
- Income Limit: The applicant’s family income should be less than Rs. 1.5 lakh per year.
- Special Categories: Women from special categories (widows, disabled, or destitute) are exempt from the income limit.
Documents Required for Udyogini Yojana Loan
Applicants must submit the following documents:
- Aadhaar Card or Below Poverty Line (BPL) Card
- Income Certificate and Birth Certificate
- Photocopy of Bank Passbook (showing account holder’s name, bank name, branch, account number, IFSC, and MICR code)
How to Apply for a Loan Under the Udyogini Scheme
Follow these steps to apply for a loan under this scheme:
- Obtain the Application Form: Get the form from a participating financial institution or download it online.
- Fill in the Application Form: Enter all required details accurately.
- Attach Required Documents: Submit identity proof, income proof, and other necessary documents.
- Submit the Application: Send the completed form to the lender or apply online through the lender’s website.
- Verification and Approval: The lender will verify the application and disburse the loan amount upon approval.
Udyogini Scheme Interest Rate
- Interest Rate: Competitive, subsidized, or interest-free for special cases.
- Loan Amount: Up to Rs. 3 lakh.
- Annual Income Limit: Family income should be Rs. 1.5 lakh or less.
- Collateral Requirement: No collateral required.
- Processing Fee: None.
The Udyogini Scheme is a great initiative to support women entrepreneurs, providing financial aid, training, and business support to help them achieve financial independence. If you meet the eligibility criteria, consider applying to take advantage of this beneficial scheme.