Udyogini Scheme 2023 Application Form, How to Apply for Udyogini Scheme? Udyogini scheme Karnataka, Udyogini Yojana scheme apply online, Eligibility Criteria, Benefits, Documents Required, Business Categories Supported Under Udyogini Scheme.
The Udyogini Scheme is launched by the government for the Women Entrepreneur for the development and welfare of Indian Women Entrepreneurs. The Women Development Corporation under the govt of India has implemented this Udyogini Yojana. With the help of this scheme, the Women’s entrepreneurship will be promoted and the women will be motivated by giving them financial support to do their business. This scheme will be helpful for the overall growth of our country.
Udyogini Scheme 2023 Application Form
Udyogini Scheme was launched in 2020 by the Indian Government. This scheme was started with the motive of making women of our country strong, independent and self-reliant and encourage them to start their own business. The women will be provided business loans and industry training by some private and government banks under this schemes.
Under this scheme, the women entrepreneur can get the maximum of Upto Rs. 3,00,000 financial assistance. And all those women who belongs to the ST, SC or are physically challenged can avail the interest free loans with this Yojana.
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Overview of the Udyogini Scheme
| Article About | Udyogini Scheme Online Apply Process |
| Year | 2023 |
| Scheme Name | Udyogini Scheme |
| Interest Rate | Competitive, Subsidized or Free for Special Cases |
| Annual Family Income | Rs. 1.5 lakh or less |
| Amount of Loan | Maximum up to Rs. 3 Lakh |
| Collateral | Not Required |
| No Income Limit | For widowed or Disabled Women |
| Processing Fee | Nil |
The above provided Interest rates are tentative and depend on the sole discretion of the govt of India and respective banks or NBFCs.
In order to Apply for a business loan under Udyogini Yojana, people can visit to the nearest bank with all the necessary documents and can fill their form. The applicants can also apply through online mode for the loans by visiting to the official website of the banks.
Eligibility Criteria
- Only women entrepreneurs will be able to avail the benefit of business loan under offered under this scheme.
- Applicant must have good credit score and repayment capability.
- Must not have defaulted on any previous loans with any financial institution.
Eligible Entities
- The women entrepreneurs across the nation, can avail the benefit of this Udyogini Yojana which is offered by various banks.
- The women’s entrepreneurship will be promoted via this scheme.
- The women entrepreneurs from rural areas will be provided the subsidized loans under this scheme.
Documents Required
- Correctly Filled Application Form along with Passport Sized Photograph.
- Income Proofs,
- Address Proofs,
- Caste Certificate,
- BPL Card of the Applicant and Ration card,
- Birth Certificate of the Application,
- Aadhaar Card,
- Bank Passbook Copy,
- Other Documents required by Bank/NBFC.
Benefits
- The women entrepreneurs will become empowered.
- Women will become financially independent and strong.
- It will help in our country growth.
- The living standards of the women will enhance.
Saraswat Bank Under Udyogini Scheme
| Micro Enterprises | Medium | Small Enterprises | |
| Rate of Interest | 11.25% Per Annum onwards | 11.25% per Annum onwards | 11.25% per Annum onwards |
| Amount of Loan | Up to Ten lakh rupees | From one hundred lakh rupee up to two hundred lakh rupees | 10 Lakh rupees up to 100 Lakh rupees |
| Repayment Tenure | Six Years | 7 Years | 6 Years |
| Processing Fee | 5000 Rupees | 15,000 rupees or 1percent of the loan amount whichever is lower | Upto 10 lakh rupees – 5000 rupees Above 10 Lakh rupees and upto 25 lakh rupees – 7000 rupees Above 25 lakh rupees – Rs. 10000 |
| Margin | Nil | 20 percent – 25 percent Lower than the Bank’s Norm | 20 percent -25 percent lower than the bank’s norm |
| Security | Hypothecation + Guarantee of Spouse or a Family Member where Required | Hypothecation + Collateral Security (30percent) + 2 Guarantors | Hypothecation + Collateral Security (25percent) + 2 Guarantors |
Bajaj Finserv Under this Scheme
| Rate of Interest | Women from all sections of the society will be provided Interest-Free Loan |
| Amount of Loan | 3 Lakh rupees Maximum |
| Subsidy | 30percent Maximum |
| Loans Available for | 88 SSIs – Small Scale Industries |
| Skill Development Training | Available |
| Family Income Criteria | Must be less than 1.5 lakh rupees |
Udyogini Scheme from Punjab and Sind Bank
If MSEs cases are covered under Credit guarantee fund yojana for small industries, then no Collateral Security is needed for Loan/Limits Until 25 lakh rupees.
| Interest Rate | According the Rate relevant to the MSME |
| Amount of Loan | Loan / limit shall differ from case to case basis and Based on the motive of loan |
| Nature of Loan | Term loan or working capital |
| Margin | Zero till 25,000 Rupees |
| Fee of Processing | None |
| Security | Nothing, Untill Rs. 15,000. Above Rs. 25,000: – Pledge of /Hypo. of assets made out of bank loan. Guarantee of Spouse or third party. Collateral Security in the form of Land Minimum double the loan value (adding the assets value in case of term loan) |
Udyogini Scheme from KSWDC
The Interest Rates, Charges and fess that we have provided here are Tentative and based on the sole discretion of the banks, RBI and NBFCs. GST and Service tax shall be imposed extra on the specified charges.
| Rate of Interest | According to the Business Necessity |
| Age limit | Between 18 years to 55 years |
| Subsidy | Till 50 percent family income limit to be less than 2 lakh rupees for Category like SC/ST. General Category: subsidy is 30 percent or maximum 90,000 rupees wherein unit cost is 3 lakh rupees |
| Loan Amount for Women belonging to SC/ST Category | Unit cost from One lakh rupees to Three lakh rupees |
| EDP Training Provided | For three to six days, before the outlay of loan |
| Family Income | For Special and General Category: The income must not be more than 1,50,000 rupees. |
Through the business which are involved in the SSI Sector, Retailers, Self-employed Professionals, Manufacturers, Traders etc, the funding support can be availed. There are some leading banks providing interest free loans to 88 categories of SSI. in the below section we have provided the list of 88 categories that fall under SSI Sector that are helped under this Yojana.
Business Categories Supported Under Udyogini Scheme
- Audio and Video Cassette Parlour
- Agarbatti Manufacturing
- Banana Tender Leaf
- Bakeries
- Bedsheet and Towel Manufacturing
- Bangles
- Bottle Cap Manufacturing
- Book Binding and Note Books Manufacturing
- Beauty Parlour
- Clinic
- Canteen and Catering
- Cleaning Powder
- Chappal Manufacturing
- Chalk Crayon Manufacturing
- Cane and bamboo Articles Manufacturing
- Creche
- Coffee and Tea Powder
- Cotton Thread Manufacturing
- Corrugated Box Manufacturing
- Condiments
- Dry Cleaning
- Energy Food
- Eat-Outs
- Dry Fish Trade
- Dairy and Poultry Related Trade
- Cut Piece Cloth Trade
- Diagnostic Lab
- Edible Oil Shop
- Flour Mills
- Gift Articles
- Footwear Manufacturing
- Flower Shops
- Fax Paper Manufacturing
- Fair-Price Shop
- Fish Stalls
- Fuel Wood
- Library
- Jam, jelly and pickles manufacturing
- Ice Cream Parlour
- Handicrafts Articles Retail
- Gym Centre
- Jute Carpet Manufacturing
- Ink Manufacture
- Household Articles Retail
- Handicrafts Manufacturing
- Job Typing and Photocopying Service
- Leaf Cups Manufacturing
- Mat Weaving
- Milk BOOTH
- Match Box Manufacturing
- Mutton Stalls
- Old Paper Marts
- Nylon Button Manufacturing
Business Categories Supported Under Udyogini Scheme
- Newspaper, Weekly and Monthly Magazine Vending
- Pan and Cigarette Shop
- Pan Leaf or Chewing Leaf Shop
- Photo Studio
- Papad Making
- Phenyl and Naphthalene Ball Manufacturing
- Pottery
- Plastic Articles Trade
- Ragi Powder Shop
- Radio and TV Servicing Stations
- Quilt and Bed Manufacturing
- Printing and Dyeing of Clothes
- Security Service
- Ribbon Making
- Readymade Garments Trade
- Real Estate Agency
- Shikakai Powder Manufacturing
- Sari and Embroidery Woks
- Silk Worm Rearing
- Silk Weaving
- Silk Thread Manufacturing
- Shops and Establishments
- STD Booths
- Stationery Shop
- Soap Oil, Soap Powder and Detergent Cake Manufacturing
- Tutorials
- Tender Coconut
- Tea Stall
- Tailoring
- Sweets Shop
- Travel Agency
- Vegetable and Fruit Vending
- Wet Grinding
- Woollen Garments Manufacturing
- Vermicelli Manufacturing
- Typing Institute.
Under this Scheme, the loan will be provided by different financial institutions such as Regional Rural Banks, Cooperative Banks, Commercial Banks at Competitive Interest Rates. Under this scheme, the women entrepreneurs are provided the subsidies from the corporation for running business activities. At the official website of the banks, The application form of the Udyogini Scheme are available.
How to Apply for Udyogini Scheme?
- Visit to the any above mentioned bank to make Udyogini Scheme Application Form Process.
- There ask for the Udyogini loan form or you can also apply through online by visiting to the official website of the that bank and can fill the application form through online mode.
- Then, fill the form correctly.
- Attach the necessary documents along with your form.
- Then, submit the form to the concerned bank.
- In order to inquire about your loan approval, you need to visit to the concerned bank regularly.
FAQs
What is the Motive of this Udyogini Scheme?
- The main motive of Udyogini Scheme is to promote women’s entrepreneurship and encourage the small scale industry sector by creating more employment opportunities and growth.
How much Loan a person can acquire under this Udyogini Scheme?
- The women entrepreneur can get maximum loan of up to Rs. 3 lakh under this Udyogini Scheme.
Where a person can get loan under Udyogini Scheme?
- Under this scheme, the loan is provided by leading financial institutions. The NBFCs and Banks providing business loan under Udyogini Scheme are Saraswat Bank, Bajaj Finserv, Karnataka State Women’s Development Corporation, Punjab and Sind Bank, and many others.
Online Apply Category Link: – Click Here