The Indian government has started many schemes to empower women. Such a scheme is Udyogini Scheme which was launched back in 1997-1998 by the Central Government. Initially, this scheme was launched only for Karnataka but now women from anywhere in India can get benefits of Udyogini Scheme.
Udyogini Scheme for Women
Central Government scheme to empower women by providing loans up to Rs 3 Lakh. The most interesting thing is the loan will be completely interest-free as the government will subsidize the interest amount up to 50%. This scheme will help more and more women to build their business.
Benefits of the Scheme
1. The benefits of this scheme are as follows:
2. Managed by Women Development Corporation Udyaogini Scheme offers Rs 1 lakh to Rs 3 lakh loans to eligible women, without any collateral and deposit.
3. Loans will get an additional subsidy of 30% to 50%. 30% for general cast women and 50% for SC and ST women.
4. Previously businesses like beauty parlors, canteens, or sewing were eligible for this scheme but now it supports 88 types of businesses.
Eligibility
1. Applicants have to be a woman with a clear credit history or no loan defaults in past.
2. Women who will apply for a loan must have an yearly income under Rs 1.5 lakh. But for widow and disabled women there is no income upper limit.
3. Applicant must be with in 18 years to 55 years
How to Apply for Udyogini Scheme?
If you want to apply for Udyogini Scheme you need to visit the eligible banks’ website and find Udyogini Scheme 2024 on bank’s websites.
After clicking on Udyogini Scheme you have to fill up the form with proper information and submit the form.
Once the submission is done verification process will be done and if everything is write your loan will be processed.
List of Banks that Provide Udyogini Loan
Currently banks like Bajaj Finserv, Saraswat Bank, Punjab and Sind Bank and Karnataka State Women’s Development Corporation provides loan under Udyogini Scheme.
Documents needed for Application
- Aadhar Card
- Voter ID Card or Ration Card
- Residence Certificate, Income Certificate
- Cast Certificate
- Detailed Project Report for Business
- Quotation for equipment, machinery and capital expenditure
- Bank Account Details
- Mobile Number
- Color Passport Size Photo
