Udyogini Scheme 2024 : Features, Interest Rates, Eligibility Criteria – 2024

Udyogini Scheme 2024 : Features, Interest Rates, Eligibility Criteria – 2024 :- The Udyogini Scheme is a Government-backed initiative that provides interest-free loans to women entrepreneurs in India. The scheme is administered by the National Women’s Development Corporation (NWDC) and is available in all states and union territories.

The Udyogini Scheme has several features that make it an attractive option for women entrepreneurs. First, the loans are interest-free, which can save women a significant amount of money. Second, the loans are available for a wide range of businesses, including manufacturing, trading, and services. Third, the loans are relatively easy to obtain, as there are no collateral requirements.

The Eligibility Criteria for the Udyogini Scheme are as follows:

• The applicant must be a woman.
• The applicant must be an Indian citizen.
• The applicant’s age must be between 18 and 55 years.
• The applicant’s family income must not exceed INR 1.5 lakhs per annum.
• The applicant’s business must be registered with the appropriate government authority.

The Interest rate for the Udyogini Scheme is 0%. The loan amount can be up to INR 3 lakhs. The repayment period is up to 7 years.

The Documents Required to apply for the Udyogini Scheme are as follows:

• Applicant’s Aadhaar Card.
• Birth Certificate.
• Address and Income Proof.
• BPL card & Ration Card (Applicant’s Below Poverty Line).
• Caste Certificate, if applicable.
• Copy of Bank passbook.
• Any other document required by the bank/NBFC.

To apply for the Udyogini Scheme, you can visit the website of the NWDC or contact your local bank.

The Udyogini Scheme is a great way for women entrepreneurs to get started in business. The interest-free loans and the wide range of businesses that are eligible make the scheme an attractive option for many women. If you are a woman entrepreneur, I encourage you to consider applying for the Udyogini Scheme.

Here are Some Additional Benefits of the Udyogini Scheme 2024 :

• The scheme provides training and support to women entrepreneurs.
• The scheme helps to create employment opportunities for women.
• The scheme contributes to the economic development of the country.

If you are a woman entrepreneur who is looking for financial assistance to start or grow your business, the Udyogini Scheme is a great option. The scheme offers interest-free loans, training, and support to help women entrepreneurs succeed.

Udyogini means Women Entrepreneur and Government has initiated this scheme for the welfare and development of Indian Women Entrepreneurs. Udyogini Yojana has been implemented by Women Development Corporation under the Government of India. This scheme promotes and motivates women’s entrepreneurship among the poor by providing financial support to women for doing business. Udyogini Scheme helps in the enhancement of income of an individual and families and contributes to the overall growth of the country.

Udyogini Scheme Details – 2024
Interest Rate	Competitive, subsidized or free for special cases
Loan Amount	Max. up to Rs. 3 lakh
Annual Family Income	Rs. 1.5 lakh or less
No income limit	For Widowed or disabled women
Collateral	Not required
Processing Fee	Nil

Eligibility Criteria for Loans under Udyogini Scheme 2024

• Business Loan available for only Women Entrepreneurs
• Should not have defaulted on any past loan with any financial institution
• Applicant with good credit score and repayment capability

Documents required

• Duly filled Application Form with passport-sized photographs
• Applicant’s Aadhaar Card, Birth Certificate
• Applicant’s Below Poverty Line (BPL) card & Ration Card
• Address and Income Proofs
• Caste Certificate, if applicable
• Copy of Bank passbook (account, bank and branch names, holder name, IFSC and MICR)
• Any other document required by the bank/NBFC

Eligible Entities

Udyogini Yojana offered by several banks can be availed by aspiring women entrepreneurs across the nation. This scheme is exclusively initiated to promote women’s entrepreneurship and financial empowerment. Under this scheme, subsidized loans are offered for women entrepreneurs from rural areas.

Business Loans offered under Udyogini Scheme 2024

To apply for a business loan under this scheme or yojana, applicants can visit the nearest bank with all the required documents and fill an application form to proceed with bank formalities. Another option is that applicants can apply for loans online by visiting the official website of banks offering loans under the Udyogini scheme. Below mentioned are the features and eligibility criteria for loans under this scheme from leading banks and NBFCs:

Udyogini Scheme from Bajaj Finserv :

Interest Rate	Interest-free loan to women from all sections of the society
Loan Amount	Max. up to Rs. 3 lakh
Loans available for	88 SSIs – Small Scale Industries
Subsidy	Up to 30%
Family Income Criteria	Should be less than Rs. 1.5 lakh
Training for Skill Development	Available

Udyogini Scheme from Saraswat Bank

	Micro Enterprises	Small Scale Enterprises	Medium Enterprises
Interest Rate	11.25% p.a. onwards	11.25% p.a. onwards	11.25% p.a. onwards
Loan Amount	Up to Rs. 10 lakh	From Rs. 10 lakh up to Rs. 100 lakh	From Rs. 100 lakh up to Rs. 200 lakh
Processing Fee	Rs. 5,000	· Upto Rs. 10 lakh – Rs. 5000 · Above Rs. 10 lakh and Upto Rs. 25 lakh – Rs. 7000 · Above Rs. 25 lakh – Rs. 10000	Rs. 15,000 or 1% of the loan amount whichever is lower
Repayment Tenure	6 Years	6 Years	7 Years
Margin	Nil	20%-25% lower than the Bank’s norm	20%-25% lower than the Bank’s norm
Security	Hypothecation + Guarantee of Spouse or a Family member wherever required.	Hypothecation + 2 Guarantors + Collateral Security (25%)	Hypothecation + 2 Guarantors + Collateral Security (30%)

Udyogini Scheme from Punjab & Sind Bank (PSB)

Interest Rate – Vyapar Loan	As per rate applicable to MSME
Nature of loan	Term Loan or Working Capital
Loan Amount	Loan/limit shall vary from case to case basis and depend upon the purpose of loan
Processing Fee	Nil
Margin	Nil up to Rs. 25,000
Security/Collateral*	Nil, up to Rs. 25,000Above Rs. 25,000: Pledge of/Hypo. of assets created out of bank loan Guarantee of spouse or third party Collateral security in the form of land/building property atleast double the value of loan (including the value of assets in case of term loan.

List of 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

About The Scheme :

The Udyogini Scheme is a government-backed initiative that provides interest-free loans to women entrepreneurs in India. The scheme is administered by the National Women’s Development Corporation (NWDC) and is available in all states and union territories.

The Udyogini Scheme was launched in 1997 with the aim of promoting women’s entrepreneurship and economic empowerment. The scheme has been successful in providing financial assistance to thousands of women entrepreneurs across India.

The Udyogini Scheme offers a number of benefits to women entrepreneurs, including:

• Interest-free loans of up to INR 3 lakhs
• Training and support to help women entrepreneurs succeed
• The opportunity to create employment opportunities for other women

The Eligibility Criteria for the Udyogini Scheme are as follows:

• The applicant must be a woman.
• The applicant must be an Indian citizen.
• The applicant’s age must be between 18 and 55 years.
• The applicant’s family income must not exceed INR 1.5 lakhs per annum.
• The applicant’s business must be registered with the appropriate government authority.

The documents required to apply for the Udyogini Scheme are as follows:

• Applicant’s Aadhaar Card.
• Birth Certificate.
• Address and Income Proof.
• BPL card & Ration Card (Applicant’s Below Poverty Line).
• Caste Certificate, if applicable.
• Copy of Bank passbook.
• Any other document required by the bank/NBFC.

To apply for the Udyogini Scheme, you can visit the website of the NWDC or contact your local bank.

The Udyogini Scheme is a great way for women entrepreneurs to get started in business. The interest-free loans and the wide range of businesses that are eligible make the scheme an attractive option for many women. If you are a woman entrepreneur, I encourage you to consider applying for the Udyogini Scheme.

Here are Some Additional Benefits of the Udyogini Scheme :

• The Scheme provides training and support to women entrepreneurs.
• The Scheme helps to create employment opportunities for women.
• The Scheme contributes to the economic development of the country.

If you are a woman entrepreneur who is looking for financial assistance to start or grow your business, the Udyogini Scheme is a great option. The scheme offers interest-free loans, training, and support to help women entrepreneurs succeed.

Here are some of the businesses that are eligible for the Udyogini Scheme:

• Manufacturing
• Trading
• Services
• Agriculture
• Allied activities
• Handlooms and handicrafts
• Food processing
• Small-scale industries

The Udyogini Scheme is a great way for women entrepreneurs to achieve their business goals. If you are a woman entrepreneur, I encourage you to consider applying for the Udyogini Scheme.

Encouraging women to take loans from Banks and other financial institutions to take up income generating activities listed by KSWDC or other profitable activities for which KSWDC assists in the form of subsidy.

For women belonging to Scheduled caste and Scheduled tribe, unit cost is minimum Rs.1.00 lakh to maximum of Rs.3.00 lakhs. Subsidy is 50% of the loan amount, income limit of the family should be below Rs.2.00 lakhs per year.

For women belonging to special category and general category maximum unit cost is Rs.3.00 lakhs. Subsidy for special category women and for general category women is 30% or maximum of Rs.90,000/-. With EDP training to selected beneficiaries.

Eligibility Criteria :

• Family income should be less than Rs.1,50,000/- for women belonging to general and special category.
• Age limit is between 18 to 55 years for all categories.
• After the sanction of loan, EDP training for 3 to 6 days is provided to these women before the release of loan.
• The objective of the scheme is to avoid women going to private money lenders or other financial institutions for loan with higher interest rate.