The Udyogini Scheme is a government initiative that aims to promote and support female entrepreneurship, particularly among those who live in rural and economically disadvantaged areas of India.
- The Udyogini Scheme covers various sectors such as agriculture, horticulture, animal husbandry, handicrafts, food processing, tailoring, beauty parlour, etc.
- The scheme offers loans up to Rs. 3 lakhs at an interest rate of 4% per annum for women belonging to the general category and 6% per annum for women belonging to the SC/ST category.
- The scheme also provides a subsidy of 30% of the loan amount or Rs. 10,000 whichever is less for women belonging to the general category and 50% of the loan amount or Rs. 15,000 whichever is less for women belonging to the SC/ST category.
Eligibility Criteria
– The woman applicant should be aged between 18 and 45 years.
– They annual family income of less than Rs. 40,000 for rural areas and Rs. 50,000 for urban areas.
– The applicant should have a viable project proposal that can generate income and employment.
– The applicant should not have availed any other loan under any other scheme for the same purpose.
Udyogini Scheme Documents Required
- Passport-size photographs
- Aadhaar Card of the applicant
- Birth Certificate Duly filled application form with address and
- income proof Below Poverty Line (BPL) card and Ration Card of the applicant
- Caste certificate, if applicable
- Copy of Bank passbook including account, bank and branch names, holder name, IFSC, and MICR details Any other document that may be required by the bank/NBFC for the application process.
Procedure to Apply for Udyogini Scheme
Individuals interested in availing the benefits of the Udyogini scheme can either visit their nearest bank and complete the necessary application process by submitting all required documents or alternatively, they can apply for a loan online by visiting the official website of banks that provide loans under the Udyogini scheme.
The application is then scrutinized and approved by the concerned authority and the loan amount is disbursed to the applicant’s bank account.
