The Udyogini program was established for its upkeep and development by the Indian government and female entrepreneurs. The Women Development Corporation of India is responsible for putting the Udyogini Yojana in place. This program encourages and motivates women’s entrepreneurship among the poor by giving women financial aid for starting a business. The Udyogini Scheme promotes national development while assisting in raising income levels for households and individuals. Read on for more information about the Udyogini Scheme, including its highlights, goals, features, eligibility requirements, required documentation, list of supported businesses, the application process, and much more.
Eligibility Criteria for Loans under Udyogini Scheme
- Only women business owners can get loans for their companies.
- Ideally, you wouldn’t have ever missed a payment on a loan from a bank.
- the candidate with a high credit score and the ability to make payments
Documents required
- Application form duly filled and two passport-sized pictures
- Aadhaar Card, Birth Certificate, Below Poverty Line (BPL) Card, and Ration Card for the Applicant’s Address and Income Proofs
- If necessary, a caste certificate
- Copy of bank passbook with the account information (holder name, IFSC, and MICR), banks, and branches
- Any other paperwork that the bank or NBFC requires
Eligible Entities
Aspiring female business owners across the nation can take advantage of the Udyogini Yojana program provided by a number of banks. This program was specifically designed to encourage female entrepreneurship and financial empowerment. Subsidized loans are provided under this program to women business owners in rural areas.
Business Loans offered under Udyogini Scheme – 2023
To proceed with the necessary bank requirements, participants in this plan or Yojana can visit the nearest bank with the required papers and complete an application form. Candidates also have the choice of submitting an online loan application by going to the websites of the banks that offer loans through the Udyogini program.
The followings are the characteristics and requirements for loans under this program from reputable banks and NBFCs:
List of 88 Business Categories supported under the Udyogini Scheme
- Agarbatti Manufacturing
- Audio & Video Cassette Parlour
- Bakeries
- Banana Tender Leaf
- Bangles
- Beauty Parlour
- Bedsheet & Towel Manufacturing
- Book Binding And Note Books Manufacturing
- Bottle Cap Manufacturing
- Cane & Bamboo Articles Manufacturing
- Canteen & Catering
- Chalk Crayon Manufacturing
- Chappal Manufacturing
- Cleaning Powder
- Clinic
- Coffee & Tea Powder
- Condiments
- Corrugated Box Manufacturing
- Cotton Thread Manufacturing
- Crèche
- Cut Piece Cloth Trade
- Dairy & Poultry Related Trade
- Diagnostic Lab
- Dry Cleaning
- Dry Fish Trade
- Eat-Outs
- Edible Oil Shop
- Energy Food
- Fair-Price Shop
- Fax Paper Manufacturing
- Fish Stalls
- Flour Mills
- Flower Shops
- Footwear Manufacturing
- Fuel Wood
- Gift Articles
- Gym Centre
- Handicrafts Manufacturing
- Household Articles Retail
- Ice Cream Parlour
- Ink Manufacture
- Jam, Jelly & Pickles Manufacturing
- Job Typing & Photocopying Service
- Jute Carpet Manufacturing
- Leaf Cups Manufacturing
- Library
- Mat Weaving
- Match Box Manufacturing
- Milk Booth
- Mutton Stalls
- Newspaper, Weekly & Monthly Magazine Vending
- Nylon Button Manufacturing
- Old Paper Marts
- Pan & Cigarette Shop
- Pan Leaf or Chewing Leaf Shop
- Papad Making
- Phenyl & Naphthalene Ball Manufacturing
- Photo Studio
- Plastic Articles Trade
- Pottery
- Printing & Dyeing of Clothes
- Quilt & Bed Manufacturing
- Radio & TV Servicing Stations
- Ragi Powder Shop
- Readymade Garments Trade
- Real Estate Agency
- Ribbon Making
- Sari & Embroidery Works
- Security Service
- Shikakai Powder Manufacturing
- Shops & Establishments
- Silk Thread Manufacturing
- Silk Weaving
- Silk Worm Rearing
- Soap Oil, Soap Powder & Detergent Cake Manufacturing
- Stationery Shop
- STD Booths
- Sweets Shop
- Tailoring
- Tea Stall
- Tender Coconut
- Travel Agency
- Tutorials
- Typing Institute
- Vegetable & Fruit Vending
- Vermicelli Manufacturing
- Wet Grinding
- Woollen Garments Manufacturing
Different financial institutions, including cooperative banks, regional rural banks (RRBs), and commercial banks, offer loans under the Udyogini Scheme at competitive interest rates. Only women entrepreneurs are eligible for the program’s corporate subsidies for operating their businesses. On the bank’s official website, an application for the Udyogini Scheme is accessible.
To develop the Small Scale Industry (SSI) sector and support female entrepreneurship by expanding employment opportunities.
Under the Udyogini initiative, a woman entrepreneur may receive a loan of up to Rs. 3 lacks.
Leading banking institutions provide business loans via Udyogini programs. Bajaj Finserv, Sind Bank, Saraswat Bank, Punjab, and Karnataka State Women’s Development Corporation (KSWDC), and many other banks and NBFCs are just a few of the financial institutions providing business loans under this program.
