Under this scheme, the government has directed financial institutions, including banks, to provide interest-free loans to women belonging to different sections of the society without any prejudice or preference. Primarily, Udyogini scheme was launched by the Karnataka State Women’s Development Corporation (KSWDC), Saraswat Bank, Punjab and Sind Bank, Regional Rural Banks, Cooperative Banks along with different private and other Public sector Banks.
Details of Udyogini Yojana 2023
| Loan amount | Max amount up-to ₹3 lakh |
| Interest rate | Very competitive (highly subsidized or free loans to special category) |
| Annual family income (applicant) | ₹1.5 lakh or less |
| Age limit | Min. 18 years and max. 55 years |
| For widows or disabled women | No income limit |
| Collateral | Not required |
| Processing fees | Nil |
Features of the Udyogini Scheme
- Interest-free loans
The Udyogini scheme aims to provide financial help to women in establishing their small businesses. Financial institutions are more liberal in funding women belonging to special categories such as widows, destitute, and disabled are accorded special privileges. Women under special categories get interest-free loans under the scheme.
- High-value loan amount
Some of the applicants can get a loan of Rs. 3 lakh under the Udyogini scheme. However, for availing this amount, eligible applicants must meet the required eligibility criteria.
- 88 Small scale Industries are covered under the scheme
Eighty-eight small scale industries get loan benefits under the scheme. Interest-free loans are also given to women entrepreneurs in the agriculture sector.
- Training for skill development
Under this scheme, skill development training is also imparted to women for establishing their business. The training includes the basics of running the business, such as:
- Business planning
- Pricing
- Costing
- Feasibility of the business
- Up to 30% loan subsidy
The main objective of the Udyogini scheme is to enable women to start and sustain their businesses. In helping them financially, the government proposes giving a 30% subsidy on the loans extended to the women entrepreneurs. This further helps in easing the financial burden and making loan payments affordable.
- Transparency in applicant evaluation
There is a transparent mechanism adopted to evaluate the eligibility criteria of an applicant before extending the loan. The Udyogini scheme application form checks the veracity of the beneficiary transparently.
Eligibility Criteria to apply for Udyogini Scheme
Aspiring Indian women entrepreneurs who want to benefit from the Udyogini scheme has to fill the Udyogini loan application. They are eligible to receive the funding after meeting the required criteria such as:
| Gender | Woman |
| Age criteria | Minimum 18 years & Maximum 55 years |
| Annual Family income | ₹1.5 lakh or less |
| Collateral | Not required |
| For widow & Disabled woman. | No age limit |
Documents required to apply for Udyogini Scheme
- Passport size photographs – 2
- Aadhar card
- Birth certificate
- A letter is written on local MLA OR Local MP latter pad
- BPL card photocopy
- Caste certificate (for SC/ST)
- Income proof
- Photocopy of Bank passbook
Benefits of Udyogini scheme
Some of the benefits of the scheme are:
- Under the scheme, 7047 women entrepreneurs are supported.
- 5432 children are supported under the scheme.
- 1698 villages are covered till now.
- 53762 producers are engaged so far.
Language : Kannada
Which Department : Education
Central OR State Information: State
Location : Karnataka
Published Date : 2020
Information Term : Short
Purpose of Information : Employee
Information Format : JPJ
Information Size : 672kb
Number of Pages : 02
Scanned Copy : Yes
Information Editable Text : No
Password Protected : No
Image Available : Yes
Download Link Available : Yes
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