Udyogini Scheme

The key objectives of the scheme are: 

• Encouraging women to take loans from banks and other financial institutions to take up income generation activities
• Make financial assistance accessible to women from SC & ST or special category at lower rates
• To provide interest free loans to eligible women beneficiaries without any discrimination or bias
• Ensure skill development of the women beneficiaries through EDP Training
• Prevent women going to private money lenders or other financial institutions for loan with high interest rate

What are the functions of this scheme?

• The scheme is currently being offered by Karnataka State Women’s development Corporation (KSWDC), Punjab and Sind bank, Saraswat Bank, as well as few other private and public sector banks.
• Interest free loans to eligible women entrepreneurs involved in agriculture, retail and small business enterprises
• After the sanction of loan, EDP training for 3 days is provided to the beneficiary women before the release of loan

Udgyogini Scheme from Karnataka State Women’s development Corporation (KSWDC)

• Encouraging women to take out loans from banks and other financial institutions to conduct KSWDC-listed income-generating activities or other profitable activities for which KSWDC assists in the form of grants.
• For women belonging to scheduled caste and scheduled tribe unit cost is Rs. 1 lakh to maximum of Rs. 3 lakhs. Subsidy is 50% of the loan amount, income limit of the family should be below Rs. 2.00 lakhs.
• For women belonging to special category, widowed or general category, maximum unit cost is Rs. 1 lakh. Subsidy for special category women is 30% or a maximum of Rs. 10,000/- and subsidy for general category is 20% or a maximum of Rs. 7,500/-.
• Eligibility Criteria: Family income should be less than Rs. 40,000/- for women belonging to general category.
• Age limit is between 18 to 45 years.
• No income limits to special category women.
• After the Sanction of loan, the women applicants should undergo an EDP training for 3 days before the release of the loan.
• The main objective of the Scheme is to avoid women going to private money lenders or other financial institutions to get loans at high interest rates.

Udyogini Scheme for Women Entrepreneurs from Punjab & Sind Bank

• The objective of the scheme is to enable women entrepreneurs to take advantage of loans under generous terms and exclusive credit catering under Direct Agriculture, Tiny SSI business, Business enterprises, Retail traders, Professional and Self Employed etc.
• Women enterprises consisting of all units managed by one or more proprietary female entrepreneurs or in which they as partners / shareholders / directors of private limited enterprise / members of cooperative society have a share capital of not less than 51%.
• Loan / limit would be assessed on a case by case basis and in accordance with the loan purpose
• No margin for loans of up to Rs. 25,000
• No collateral security for loans of up to Rs. 25,000; only hypothecation of assets created out of the bank funds will be taken as security.
• For loans above Rs. 25,000, hypothecation of assets created out of the bank funds or guarantee of spouse or third party or collateral security in the form of land/building property at least double the value of loan shall be mandated.
• No collateral Security is required for loan/limits up to Rs. 25 lakhs if the MSEs cases are covered under Credit Guarantee Fund Scheme for Small Industries.
• Loan limit may be granted by way of term loans or working capital for any productive purpose
• Rate of Interest shall be as per prevailing rates applicable to MSME

Udyogini Scheme from Saraswat Bank

• Scheme targets women entrepreneurs 
• Takes care of their financial needs enabling them to focus on their business growth
• Comes with a number of incentives and discount along with minimum processing charges

Udyogini Yojana from Bajaj Finserv

• Provides subsidised loans to aspiring women entrepreneurs from rural and underdeveloped areas
• Objective is to promote entrepreneurship, financial empowerment and self-reliance among women in these areas
• To boost micro-enterprises that support the overall growth of the country
• Provides interest-free loans to women from all walks of life, looking to finance their small business. Special privileges are given to women belonging to special groups such as widowed, aged, or destitute.
• High-value loan amount to eligible women applicants of up to Rs.3 lakhs under this scheme
• Loans can be availed to set up business of 88 small-scale industries
• Along with financial aid, this scheme imparts functional skills to women regarding business planning, pricing, costing, feasibility, etc.
• Affordable repayment through Government proposed subsidy of up to 30% on loans extended under this scheme

What are the eligibility criteria to apply for the Udyogini Scheme?

• Applicant must be a woman
• She should be between 18 and 55 years of age
• The annual family income of the applicant should be less than Rs.1.5 lakh
• No upper limit on income for women falling under special categories like disabled, widowed or destitute.
• Can be availed by businesses engaged in SSI sector, retailers, manufacturers, self-employed professionals, traders, etc.

Documents required to apply for the Udyogini Scheme

• Duly filled Application Form
• Passport-size photographs
• Aadhaar Card
• Birth Certificate
• Below Poverty Line (BPL) card
• Caste Certificate
• Copy of Bank passbook (account, bank and branch names, holder name, IFSC and MICR)
• Income Certificate

List of businesses supported under the Udyogini Scheme

Udyogini Scheme FAQs: