Udyogini Scheme for Women Entrepreneurs 2024 : Eligibility & Online Apply

The Indian government and women entrepreneurs created the scheme to care for them and help them succeed. The Udyogini Scheme is in place due to the women development corporation of India. The scheme encourages and supports poor women’s entrepreneurship by giving financial aid for company start-up. This program promotes national growth while also increasing family and individual income levels. In this post you get every necessary information regarding this scheme such as benefits, objectives, eligibility criteria, required documents and application process.

Udyogini Scheme for Women Entrepreneurs

The Women Development Corporation and the Government of India established the Udyogini Scheme. The scheme promotes and encourages female entrepreneurship among the disadvantaged by offering financial help to women who establish businesses. The scheme primarily helps and finances women living in rural and impoverished areas. Scheme helps to increase the income of individuals and families while also contributing to the country’s economic growth. Women from all walks of life receive interest free loans without prejudice or limits.

Additionally, banks provide interest free loans to female farmers who operate their own enterprises. Many commercial and governmental sector institutions, notably Punjab and Sind Bank, Saraswat Bank and the Karnataka State Women’s Development Corporation, make considerable contributions to the scheme. This organization provides financial assistance while also organizing and implementing professional development training programs for women.

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Overview of Udyogini Scheme for Women Entrepreneurs

Name of the Scheme	Udyogini Scheme for Women Entrepreneurs
Introduced by	Government and Women entrepreneurs in India
Implemented by	Government of India’s Women Development
Interest Date	Competitive, subsidized or free for special cases
Family Income	Rs.1.5 lakh or Less
Loan Amount	Max Up to Rs.3 lakh
Processing Fee	NIL
No Income Limit	Widowed or Disabled Women

Objective of Udyogini Scheme for Women Entrepreneurs

The primary goal of the scheme is to give financial help to those women who desire to start their own enterprises. This scheme will improve the level of living for financially disadvantaged women in the country. Only candidates with yearly incomes of less than Rs. 1.5 lakh are eligible to benefit from the scheme. Applicants can use this initiative to launch their businesses without having to worry about finances. Applicants can utilize the loan to support their business’s capital.

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Benefits of Udyogini Scheme for Women Entrepreneurs

Some of the benefits of the scheme are listed below.

• The Government of India will provide financial support to the selected candidates under this scheme.
• The applicants would receive a loan of INR 3 lakh for financial help.
• The scheme enables financially vulnerable women to launch their own enterprises.
• Make financial help more accessible for women in the SC/ST and other special groups.
• The scheme will improve the level of living for females in the country.
• Prevent women from getting high interest loans from private lenders or other financial institutions.
• This scheme will provide work chances for female nationals of the country.

Eligibility Criteria

Some of the eligibility criteria of the scheme are listed below.

• The applicant must be a woman.
• The initial age limitation for women was 45 years, but it has subsequently been expanded to 55 years, bringing the acceptable age range to 18 to 55.
• The previous income limit was Rs. 40,000 the new one is Rs. 1.5 lakhs.
• Only female company owners are eligible for business financing.
• Applicants with a strong credit score and consistent payment history are preferred.

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Required Documents

Some of the required documents of the scheme are listed below.

• Passport Size Photograph
• Aadhaar Card
• Income Certificate
• Date of Birth
• BPL Card
• Ration Card
• Bank Account Details
• Caste Certificate
• Any other documents required by the bank/NBFC

List of Supported Business

The table below shows the list of supported businesses under the scheme.

Agarbatti Manufacturing	Diagnostic Lab	Leaf Cups Manufacturing	Ribbon Making​​
Bangles	Edible Oil Shop	Milk Booth	Shops & Establishments
Audio & Video Cassette Parlour	Dry Cleaning	Library	Sari & Embroidery Works
Bakeries	Dry Fish Trade	Mat Weaving	Security Service
Banana Tender Leaf	Eat-Outs	Match Box Manufacturing	Shikakai Powder Manufacturing
Bottle Cap Manufacturing	Fish Stalls	Old Paper Marts	Soap Powder & Detergent Cake Manufacturing
Beauty Parlour	Energy Food	Mutton Stalls	Silk Thread Manufacturing
Bedsheet & Towel Manufacturing	Fair-Price Shop	Newspaper, Weekly & Monthly Magazine Vending	Silk Weaving
Book Binding And Note Books Manufacturing	Fax Paper Manufacturing	Nylon Button Manufacturing	Silk Worm Rearing
Cleaning Powder	Gift Articles	Photo Studio	Tea Stall
Cane & Bamboo Articles Manufacturing	Flour Mills	Pan & Cigarette Shop	Stationery Shop
Canteen & Catering	Flower Shops	Pan Leaf or Chewing Leaf Shop	STD Booths
Chalk Crayon Manufacturing	Fuel Wood	Phenyl & Naphthalene Ball Manufacturing	Tailoring
Cotton Thread Manufacturing	Ink Manufacture	Radio & TV Servicing Stations	Vegetable & Fruit Vending
Clinic	Gym Centre	Plastic Articles Trade	Tender Coconut
Coffee & Tea Powder	Handicrafts Manufacturing	Pottery	Travel Agency
Condiments	Household Articles Retail	Printing & Dyeing of Clothes	Tutorials
Corrugated Box Manufacturing	Ice Cream Parlour	Quilt & Bed Manufacturing	Typing Institute
Dairy & Poultry Related Trade	Jute Carpet Manufacturing	Real Estate Agency	Woolen Garments Manufacturing
Crèche	Jam, Jelly & Pickles Manufacturing	Ragi Powder Shop	Vermicelli Manufacturing
Cut Piece Cloth Trade	Job Typing & Photocopying Service	Readymade Garments Trade	Wet Grinding

Applying Procedure of Udyogini Scheme for Women Entrepreneurs

• First you have to visit the closest bank with all the necessary documents
• Fill out an application form to proceed with the appropriate bank requirements.
• Candidates can also apply for a loan online by visiting the official websites of banks that offer loans under the scheme.

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