How to apply udyogini scheme?

• Duly filled Application Form.
• Passport-size photographs.
• Aadhaar Card.
• Birth Certificate.
• Below Poverty Line (BPL) card.
• Caste Certificate.
• Copy of Bank passbook (account, bank and branch names, holder name, IFSC and MICR)
• Income Certificate.

Do you have a dream of being an entrepreneur? Are you a woman looking for some cheap loans or business training to grow? What do you think if you get government assistance for your business?

The Karnataka State Women Development Corporation (KSWDC) has initiated a scheme to assist women in their businesses. This scheme is called the ‘Udyogini Scheme‘; women can get business instructions and low or no-interest loans to become entrepreneurs.

If you are interested in this scheme and its benefits and want to know more, read this article until the end!

The government of India launched this scheme in 2020 to let women in the field of business. The government’s aim in designing the Udyogini scheme was to make women self-reliant and motivate them to become businesspeople.

As per this scheme, if you are a woman and need some business loans or industry training, government and private banks can be their helping hands. This way, the country gets rich in business, and women will become financially independent.

This scheme prevents women from borrowing money at high-interest rates from money sharks. Moreover, the Udyogini scheme offers skill development training with monetary aid.

This scheme can give you a maximum of upto ₹3,00,000 in financial assistance. Furthermore, women under SC, ST, and physically challenged conditions can get interest-free loans with this scheme.

This scheme provides interest-free loans to women without any discrimination. You can receive the application for a loan from the Corporation branch of any district.

These days you can get a loan easily under the Udyogini scheme at many government and private banks. Other than these, all cooperative banks, all RRB (Regional Rural Banks), and all commercial banks under this scheme also provide you with a Udyogini loan.

The best part of the Udyogini loan is that if you run your business via this loan, you will also get a subsidy from all these financial institutes. This loan applies to 88 small industries. These industries include bakery, grocery, fish, pickle trade, beauty parlour, sewing, STD booth, etc.

The steps that need to follow for applying for a Udyogini loan are given below:

Step 1: Get a Udyogini loan form from any of the banks mentioned above. You can also visit the official website of that bank for an online application form.

Step 2: Fill out the form thoroughly by entering all the necessary details.

Step 3: Attach a photocopy of all the documents mentioned in the form.

Step 4: Submit your business loan form to the concerned bank.Step 5: After applying, you must visit the bank regularly to inquire about the loan approval.

Although getting a loan from this scheme is simple, you must fulfill some criteria for its approval. The eligibility criteria and terms that you need to follow to get a Udyogini loan are given below:

The documents list that you need to submit with your loan application under this scheme are given below:

The biggest benefit of this scheme is it allows women empowerment. You can become an owner of your own business.

Some other benefits of this scheme are given below:

In Brief

The Udyogini scheme is one of the best-launched schemes by the Government of India. Today, it is very important to let women develop in business. This scheme can look for capital generation and wealth creation like obstacles. Moreover, they can make a living by themselves and show their abilities to the world.

Furthermore, with the help of this scheme, the government has also drawn an opportunity to expand the country in the field of business.

Note: The mentioned interest rates are subject to change and depend on the sole discretion of the Government of India and respective banks or NBFCs.

Interest-free loans are offered to women from all sections of society without any discrimination or preference. Udyogini Scheme is primarily offered by Karnataka State Women’s Development Corporation (KSWDC), Punjab and Sind Bank, Saraswat Bank, as well as several other private and public sector banks and leading NBFCs. This scheme focuses on organizing and undertaking skill development training programs for women, besides offering financial assistance. Below mentioned are key details of this scheme:

Udyogini Yojana offered by several banks can be availed by aspiring women entrepreneurs across the nation. This scheme is exclusively initiated to promote women’s entrepreneurship and financial empowerment. Under this scheme, subsidized loans are offered for women entrepreneurs from rural areas.

To apply for a business loan under this scheme or yojana, applicants can visit the nearest bank with all the required documents and fill an application form to proceed with bank formalities. Another option is that applicants can apply for loans online by visiting the official website of banks offering loans under the Udyogini scheme. Below mentioned are the features and eligibility criteria for loans under this scheme from leading banks and NBFCs:

*Note: If MSEs cases are covered under Credit Guarantee Fund Scheme for Small Industries, then No collateral Security is required for loan/limits up to Rs. 25 lakh.

Note: All the above-mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the banks, NBFCs and RBI. GST and service tax shall be levied extra on the mentioned charges. Interest rates are updated as on April 2023.

Loans under Udyogini Scheme are offered by various financial institutions like cooperative banks, Regional Rural Banks (RRBs), and commercial banks at competitive interest rates. The scheme provides subsidies from the corporation for running business activities to only women entrepreneurs. The Udyogini Scheme application form is available at the bank’s official website.

Q. What is the purpose of the Udyogini Scheme?

Ans. To promote women’s entrepreneurship and encourage the Small Scale Industry (SSI) sector by creating more employment opportunities and growth.

Q. How much loan I can get under the Udyogini scheme?

Ans. The maximum loan amount offered to a women entrepreneur under the Udyogini scheme is up to Rs. 3 lakh.