What is the Udyogini Scheme?
The government launched the Udyogini scheme to provide financial assistance to women entrepreneurs in underdeveloped and rural areas of India.
Udyogini Scheme Eligibility
- The applicant must be a woman.
- Applicants need to be between 18 and 55 yr of ages.
- Annual income of the applicant’s must be less than Rs. 1.5 lakh.
- There is no upper limit for beneficiaries who fall under the disabled, widowed, or destitute categories.
- Applicants can avail of this scheme if their businesses are engaged in small-scale industry sectors such as retailers, manufacturers, traders, self-employed professionals, and other related categories.
Documents Required for the Udyogini Scheme
Here’s the list of document’s required for the scheme
- Three colored passport-size photographs.
- Ration card or voter ID card.
- A detailed project report (DPR) of the activity for which you want financial assistance.
- A certificate regarding training or experience in the activity for which you want financial assistance.
- The family’s annual income certificate.
- If you are from scheduled tribe and scheduled caste you need to have a Caste certificate.
- Quotations on expenses for machinery, equipment, and capital.
How do I apply for the Udyogini Scheme?
Step 1: Visit the bank’s website offering loans under this scheme.
Step 2: Look for the Udyogini scheme option in the navigation bar and click the link to complete the application form.
Step 3: CDPO will scrutinize your application and forward it to the selection committee after spot verification.
Step 4: They will verify your documents.
Step 5:After successful verification, they will send a request letter for the subsidy release to the corporation.
Step 6: The bank will release the loan amount once it approves your loan application.
Step 7: They will credit the loan amount either to your bank account or supplier’s account for equipment, machinery, or capital expenditures.
Udyogini Scheme Interest Rate
It’s a interest free loan for the disabled, Dalits, and widows under this scheme, and women from other categories will have to pay 10% to 12% interest.
Udyogini Scheme Benefits
- If you fulfill this scheme’s eligibility criteria You can get a loan of up to Rs. 3 lakh.
- With this scheme, you can start a business categorized under 88 small-scale industries.
- Interest-free loans are available if you want to start a business in the agricultural sector.
- This scheme offers a 30% subsidy on loans to help women while repaying their loan amount.
- The evaluation process for the Udyogini application form’s is transparent to ensure a smooth assessment.
List of Business Supported Under this Scheme
- Agarbatti manufacturing
- Audio-video parlour
- Bakeries
- Banana leaf manufacturing
- Beauty Parlour
- Bangles
- Bed sheet and towel manufacturing
- Books and notebooks binding
- Bottle cap manufacturing
- Bamboo article manufacturing
- Canteen and catering
- Creche
- Clinic
- Condiments
- Coconut shop
- Chalk crayon manufacturing
- Chappal manufacturing
- Cleaning powder
- Coffee and tea powder
- Corrugated box manufacturing
- Cotton thread manufacturing
- Cut-piece cloth trade
- Dairy and poultry trade
- Diagnostic lab
- Dry cleaning
- Dry fish trade
- Eat outs
- Edible oil trade
- Energy food
- Fairtrade shop
- Fax paper manufacturing
- Fish stalls
- Flower shops
- Flour mills
- Fuelwood
- Footwear manufacturing
- Gift articles
- Gym centres
- Handicrafts manufacturing
- Household article retail
- Ice cream parlour
- Ink manufacturing
- Jams, jellies and pickles manufacturing
- Typing and photocopy
- Jute carpet manufacturing
- Library
- Leaf cup manufacturing
- Mat weaving
- Matchbox manufacturing
- Milk booth
- Mutton stalls
- Newspaper, weekly and monthly magazine vending
- Nylon button manufacturing
- Old paper mart
- Pan and cigarette shop
- Pan masala shop
- Papad manufacturing
- Phenyl and naphthalene
- Photo studio
- Plastic article shop
- Printing and dyeing
- Quilt and bed manufacturing
- Radio and TV service
- Ragi powder shop
- Readymade garment
- Real estate agency
- Ribbon manufacturing
- Sari & embroidery
Udyogini Scheme Information Helpline Number
In case you face any type of trouble in this scheme you can call helpline number at +91-9319620533.
They will help you with your queries.
