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Home > Services > Business Loan > Udyogini Scheme

Udyogini Scheme

What is Udyogini Scheme?

The Women Development Corporation’s Udyogini Scheme provides subsidised loans to budding women entrepreneurs from rural and impoverished areas.

Udyogini, “Women Entrepreneur,” is a recognised non-profit organisation dedicated to women’s economic empowerment. Udyogini Scheme spreads over 200 villages throughout five states: Rajasthan, Chhattisgarh, Jharkhand, Madhya Pradesh, and Uttarakhand.

The program encourages women’s entrepreneurship, financial empowerment, and self-sufficiency by providing financial support.

The initiative intends to promote more micro-firms to emerge and contribute to the country’s overall growth.

The Udyogini Scheme’s primary goals are as follows:

  • Encouragement of women to obtain loans from banks and other financial organisations to engage in income-generating activities
  • Reduce the cost of financial assistance for women from the SC/ST or special category.
  • To make interest-free loans to qualified female beneficiaries without discrimination or bias.
  • Ensure the skill development of women beneficiaries through EDP Training.
  • Prevent women from contacting private money lenders or other financial organisations for high-interest loans.

For women looking to start retail businesses, opting for billing software for retail shops can streamline operations by offering automated invoicing, inventory management, and easy financial tracking, making the entrepreneurial journey smoother and more efficient.

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What is the purpose of the Udyogini Scheme?

Karnataka State Women’s Development Corporation (KSWDC), Punjab and Sind Bank, Saraswat Bank and a few more private and public sector banks offer the Udyogini Scheme:

  • Providing loans with no interest to qualified women entrepreneurs in agribusiness, retail, and small business.
  • Offering three days of EDP training for the beneficiary ladies before disbursal of the loan.

Eligibility criteria for loans under the Udyogini Scheme

Loans under the Udyogini scheme are available to ambitious female entrepreneurs that meet the following criteria:

  • Age range: 25 to 65 years
  • Family income: 1.5 lakhs

The Udyogini scheme excludes women who fall into special categories such as being disabled, widowed, or poor from fulfilling the upper-income requirement.

Documents needed for Udyogini Scheme

  1. Aadhar or BPL card
  2. Income and Birth Certificates
  3. Bank Passbook’s photocopy- with details like account number, name of the account holder, name of the bank, branch, IFSC and MICR codes
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Udyogini Scheme – July 2022

Let’s have a look at the Udyogini scheme interest rates for July 2022:

Details of the Udyogini Scheme 2022 - July

Karnataka State Women’s Development Corporation (KSWDC), Punjab and Sind Bank, Saraswat Bank, several other private and public sector banks, and top NBFCs are the primary providers of the Udyogini Scheme. This programme focuses on planning and implementing skill development training programmes for women and providing financial help.

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How to use the Udyogini Yojana

To apply for a business loan under the Udyogini Yojana Scheme, applicants should go to their nearest bank with all the necessary documents and fill out an application form before proceeding with the bank formalities. Applicants can also apply for loans online by visiting banks’ official websites participating in the Udyogini Yojana Scheme.

List of enterprises participating in the Udyogini Yojana

Loans under the Udyogini Yojana are made available at competitive interest rates by various financial institutions, including cooperative banks, Regional Rural Banks (RRBs), and commercial banks. Only female entrepreneurs are eligible for corporation subsidies to manage their businesses. The application form for the Udyogini Yojana Scheme is available on the bank’s official website.

The following is a comprehensive list of the 88 company types available through the Udyogini Scheme:

  1. Agarbatti Manufacturing
  2. Audio & Video Cassette Parlour
  3. Bakeries
  4. Banana Tender Leaf
  5. Bangles
  6. Beauty Parlour
  7. Bedsheet & Towel Manufacturing
  8. Book Binding And Note Books Manufacturing
  9. Bottle Cap Manufacturing
  10. Cane & Bamboo Articles Manufacturing
  11. Canteen & Catering
  12. Chalk Crayon Manufacturing
  13. Chappal Manufacturing
  14. Cleaning Powder
  15. Clinic
  16. Coffee & Tea Powder
  17. Condiments
  18. Corrugated Box Manufacturing
  19. Cotton Thread Manufacturing
  20. Crèche
  21. Cut Piece Cloth Trade
  22. Dairy & Poultry Related Trade
  23. Diagnostic Lab
  24. Dry Cleaning
  25. Dry Fish Trade
  26. Eat-Outs
  27. Edible Oil Shop
  28. Energy Food
  29. Fair-Price Shop
  30. Fax Paper Manufacturing
  31. Fish Stalls
  32. Flour Mills
  33. Flower Shops
  34. Footwear Manufacturing
  35. Fuel Wood
  36. Gift Articles
  37. Gym Centre
  38. Handicrafts Manufacturing
  39. Household Articles Retail
  40. Ice Cream Parlour
  41. Ink Manufacture
  42. Jam, Jelly & Pickles Manufacturing
  43. Job Typing & Photocopying Service
  44. Jute Carpet Manufacturing
  45. Leaf Cups Manufacturing
  46. Library
  47. Mat Weaving
  48. Match Box Manufacturing
  49. Milk Booth
  50. Mutton Stalls
  51. Newspaper, Weekly & Monthly Magazine Vending
  52. Nylon Button Manufacturing
  53. Old Paper Marts
  54. Pan & Cigarette Shop
  55. Pan Leaf or Chewing Leaf Shop
  56. Papad Making
  57. Phenyl & Naphthalene Ball Manufacturing
  58. Photo Studio
  59. Plastic Articles Trade
  60. Pottery
  61. Printing & Dyeing of Clothes
  62. Quilt & Bed Manufacturing
  63. Radio & TV Servicing Stations
  64. Ragi Powder Shop
  65. Readymade Garments Trade
  66. Real Estate Agency
  67. Ribbon Making​​
  68. Sari & Embroidery Works
  69. Security Service
  70. Shikakai Powder Manufacturing
  71. Shops & Establishments
  72. Silk Thread Manufacturing
  73. Silk Weaving
  74. Silk Worm Rearing
  75. Soap Oil, Soap Powder & Detergent Cake Manufacturing
  76. Stationery Shop
  77. STD Booths
  78. Sweets Shop
  79. Tailoring
  80. Tea Stall
  81. Tender Coconut
  82. Travel Agency
  83. Tutorials
  84. Typing Institute
  85. Vegetable & Fruit Vending
  86. Vermicelli Manufacturing
  87. Wet Grinding
  88. Woollen Garments Manufacturing
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FAQs about Udyogini Scheme

How much money can I borrow through the Udyogini scheme?

The maximum credit amount available to a female entrepreneur under the Udyogini Scheme is Rs. 3 lakh.

Where can I apply for a loan through the Udyogini Scheme?

Leading banking institutions provide business loans through Udyogini Scheme. Bajaj Finserv, Saraswat Bank, Punjab and Sind Bank, and Karnataka State Women's Development Corporation (KSWDC) are among the banks and NBFCs offering business loans under the Udyogini Scheme.

What exactly is the goal of the Udyogini Scheme?

The Government launched the Udyogini Scheme for the care and growth of Indian Women Entrepreneurs. This programme motivates female entrepreneurship among the underprivileged by providing financial assistance to women who want to start a business.

The scheme funds and assists women in rural and underserved communities.

What is the limit of money I can borrow under the Udyogini scheme?

The Udyogini Scheme allows you a maximum grant of Rs. 3 lakhs.

What is the minimum age to apply for the Udyogini scheme?

This loan is available to women aged 18 to 55.

Is the Udyogini Scheme loan only for people who fall into the SC/ST category?

No, this loan related to the Udyogini Scheme is available to women of all income levels.

Which companies are eligible for this loan?

The Udyogini Scheme can help up to 88 distinct enterprises. Loans are available to enterprises in the SSI sector, retailers, manufacturers, self-employed professionals, traders, etc.

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