Udyogini Scheme 2024: Financial Assistance for Women Entrepreneurs

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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. 

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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
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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.

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