Udyogini Scheme for Women Entrepreneurs 2024: How To Apply, Eligibility & Details

Udyogini Scheme for Women Entrepreneurs: The government and women entrepreneurs in India have launched this program to support and develop the business of Indian women entrepreneurs. This program gives women in the impoverished community financial support to start their businesses, which inspires and encourages female entrepreneurship. This program primarily assists and finances women who reside in rural, underdeveloped areas.

Udyogini Scheme

Udyogini – A Scheme for Women Entrepreneurs 2024

Udyogini Schemes contribute to the general development of the nation and help to raise the income of individuals and families. Interest-free loans are extended to women from all walks of life without any form of prejudice or discrimination. The banks also provide interest-free loans to female farmers who are business owners. Important supporters of the Udyogini Scheme movement include the Punjab and Sind Bank, Saraswat Bank, Karnataka State Women’s Development Corporation (KSWDC), and numerous other private and public sector banks.

CM Self Employment Scheme

Udyogini Yojana 2024 Key Highlights

Interest rateCompetitive, subsidized or free for special cases
Loan amountMax. Up to rupees 3 lakh
Annual Family IncomeRupees 1.5 lakh or less
No income limitFor widowed or disabled women
CollateralNot required
Processing FeeNil

Udyogini Scheme Objective

The following are the scheme’s main goals:

  • Encouraging women to pursue income-generating ventures by getting loans from banks and other financial institutions.
  • Provide women from SC and ST or other special categories with access to financial aid at discounted rates.
  • To offer interest-free loans to qualified female recipients without any form of prejudice or discrimination.
  • Make sure the women beneficiaries receive EDP training to advance their skills.
  • Stop women from obtaining high-interest loans from other financial institutions or private money lenders.

Udyogini Scheme From Saraswat Bank

 Micro enterprisesSmall scale enterprises
Interest rate11.25% p.a. onwards11.25% p.a. onwards
Loan amountUp to Rs. 10 lakhFrom Rs. 10 lakh up to Rs. 100 lakh
Processing feeRs. 5,000UptoRs. 10 lakh – Rs. 5000 · Above Rs. 10 lakh and UptoRs. 25 lakh – Rs. 7000 · Above Rs. 25 lakh – Rs. 10000
Repayment Tenure6 Years6 years
MarginNil20%-25% lower than the Bank’s norm
SecurityHypothecation + Guarantee of Spouse or a Family member wherever required.Hypothecatior + 2 Guarantors + Collateral Security (25%)

Karnataka Shakti Scheme

Functions Of Udyogini Scheme for Women Entrepreneurs

  • Currently, Saraswat Bank, Punjab and Sind Bank, Karnataka State Women’s Development Corporation (KSWDC), and a few other private and public sector banks are offering the program.
  • Interest-free loans are provided to qualified female entrepreneurs operating small businesses, retail stores, and agriculture.
  • The recipient women receive three days of EDP training following loan approval before the funds are disbursed.

Eligibility Criteria For Loans

  • Business loans are exclusively available to female entrepreneurs.
  • Had no previous loan defaults with any financial institution.
  • Applicant who can repay loans and has a good credit score.

Documents Required

  • A properly completed application form and passport-sized photos
  • Proof of Address and Income, Aadhaar Card, Birth Certificate, Ration Card, and Below Poverty Line (BPL) card of the applicant.
  • Certificate of Caste, if any.
  • Copy of bank passbook, including account details, holder name, bank and branch names, IFSC, and MICR.
  • Any other paperwork that the bank or NBFC requires.

Business Loans Offered Under Udyogini Scheme

Applying for a business loan under this scheme, or yojana, requires applicants to visit the closest bank with the necessary paperwork and complete an application form to move forward with the bank procedures. An additional choice is for candidates to apply online for loans through the official websites of banks participating in the Udyogini scheme. The features and requirements listed below apply to loans from NBFCs and top banks under this scheme:-

PM Rojgar Mela 

List Of 88 Business Categories Supported

  • Agarbatti Manufacturing
  • Audio & Video Cassette Parlour
  • Bakeries
  • Banana Tender Leaf
  • Bangles
  • Beauty Parlour
  • Bedsheet & Towel Manufacturing
  • Book Binding And Note Books Manufacturing
  • Bottle Cap Manufacturing
  • Cane & Bamboo Articles Manufacturing
  • Canteen & Catering
  • Chalk Crayon Manufacturing
  • Chappal Manufacturing
  • Cleaning Powder
  • Clinic
  • Coffee & Tea Powder
  • Condiments
  • Corrugated Box Manufacturing
  • Cotton Thread Manufacturing
  • Crèche
  • Cut Piece Cloth Trade
  • Dairy & Poultry Related Trade
  • Diagnostic Lab
  • Dry Cleaning
  • Dry Fish Trade
  • Eat-Outs
  • Edible Oil Shop
  • Energy Food
  • Fair-Price Shop
  • Fax Paper Manufacturing
  • Fish Stalls
  • Flour Mills
  • Flower Shops
  • Footwear Manufacturing
  • Fuel Wood
  • Gift Articles
  • Gym Centre
  • Handicrafts Manufacturing
  • Household Articles Retail
  • Ice Cream Parlour
  • Ink Manufacture
  • Jam, Jelly & Pickles Manufacturing
  • Job Typing & Photocopying Service
  • Jute Carpet Manufacturing
  • Leaf Cups Manufacturing
  • Library
  • Mat Weaving
  • Match Box Manufacturing
  • Milk Booth
  • Mutton Stalls
  • Newspaper, Weekly & Monthly Magazine Vending
  • Nylon Button Manufacturing
  • Old Paper Marts
  • Pan & Cigarette Shop
  • Pan Leaf or Chewing Leaf Shop
  • Papad Making
  • Phenyl & Naphthalene Ball Manufacturing
  • Photo Studio
  • Plastic Articles Trade
  • Pottery
  • Printing & Dyeing of Clothes
  • Quilt & Bed Manufacturing
  • Radio & TV Servicing Stations
  • Ragi Powder Shop
  • Readymade Garments Trade
  • Real Estate Agency
  • Ribbon Making
  • Sari & Embroidery Works
  • Security Service
  • Shikakai Powder Manufacturing
  • Shops & Establishments
  • Silk Thread Manufacturing
  • Silk Weaving
  • Silk Worm Rearing
  • Soap Oil, Soap Powder & Detergent Cake Manufacturing
  • Stationery Shop
  • STD Booths
  • Sweets Shop
  • Tailoring
  • Tea Stall
  • Tender Coconut
  • Travel Agency
  • Tutorials
  • Typing Institute
  • Vegetable & Fruit Vending
  • Vermicelli Manufacturing
  • Wet Grinding
  • Woolen Garments Manufacturing

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