Udyogini Scheme: Interest free loan up to Rs 3 lakh for women

The Central Government has implemented the “Udyogini Scheme” for women to lead a self-reliant life, to become financially strong and to become a successful entrepreneur. Under this scheme, women will get interest-free loan facility up to a maximum of Rs 3 lakh.

Beneficiaries of Scheduled Castes and Scheduled Tribes will get loan facility from a minimum of Rs 1 lakh to a maximum of Rs 3 lakh in the form of loan unit cost. For this, there will be subsidy up to as 50%, the maximum is Rs. 1.50 lakh. There is also a condition that the maximum annual income of the family should be Rs 2 lakh.

For special category and general category beneficiaries if the unit cost of the loan is a maximum of Rs 3 lakh, Upto 30 percent maximum subsidy amount of Rs 90,000 will be available. However, the upper limit of annual family income should be Rs 1.50 lakh. All categories of women are eligible to avail the benefit of the employee scheme and the age limit is fixed between 18 to 55 years. Collateral is no longer required for widows or widows.

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Complete details of Udyogini Scheme:

Udyogini Yojana is available at various commercial and public sector banks including Punjab and Sindh Bank, Saraswat Bank and Karnataka State Women’s Development Corporation (KSWDC). Besides, Karnataka State Women Development Corporation (KSWDC) also organizes professional development training programs for women.

Purpose of Udyogini Scheme:

The main objective of Karnataka State in implementing this program is to help women become self-reliant by starting their own companies and small enterprises. In addition, it is to avoid taking loans from moneylenders at high interest rates. Along with financial assistance, skill development courses are offered through this.

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Aims and features of Udyogini Scheme:

Encouraging borrowers to encourage women entrepreneurs to take loans from banks and other financial institutions.

Providing interest free loans to eligible women beneficiaries without discrimination

Making financial assistance more affordable to women falling under sC/ST or other special categories

Preventing borrowers from getting high interest loans from other financial institutions

EDP ​​(EDP To enhance the skills of women beneficiaries through training)

Eligibility for Udyogini scheme:

Candidate must be female

Age limit of eligible woman should be between 18 to 55 years

Income limit is Rs 1.5 lakh.

Only women business owners are eligible for business loans

No default of any previous loans from financial institutions

Documents required for Udyogini scheme:

Passport size photographs

Applicant’s Aadhaar Card

Birth Certificate

Duly filled application form

Proof of address and income

Below Poverty Line (BPL) applicant card and ration card

Caste Certificate (if applicable)

Copy of Bank Passbook (Account, Bank and Branch Names, Name of Holder, IFSC, and MICR)
Any other document required by Bank/NBFC

Procedure to Apply for Udyogini scheme:

Applicants for this scheme or scheme can visit the nearest bank with all the required documents. Alternatively, the employee can visit the official websites of the lending banks under the program and fill the loan application online.

Which businesses can get loans? Here is the list:

Agarbatti Manufacturing, Diagnostic Lab, Manufacturing of Leaf Cups, Ribbon Manufacturing. Bakery, Fish Market, Grocery Store, Pickles, Coffee-Tea Shop, Tailoring, Bangles Shop, STD Booth, Beauty Parlour, Clinic, Gym, Flour Mill, Photo Studio, Condiments, Shoe Store, Match Box Manufacturing, Soap Oil, Soap Including powder, detergent manufacturing, fair price shop, More than 88 small enterprises will get loans under Udyogini scheme.