Udyogini Scheme : Loan Benefits Amount: ₹1 lakh to ₹3 lakhs, Subsidy 30% to 50%, Full Scheme Details

Udyogini Yojana is a scheme designed by the Government of Karnataka for women entrepreneurs in rural backward villages. It seeks to uplift the women, by funding them in such a way that they can stand on their own feet and be self-sustainable. This industrial plan first introduced in 1997-1998 and the most recent amendment on 2004-2005 modified the policies to make it easier for women to go for work which helps in boosting the economy.

This scheme offers loans only to women. Enabling them to be able to set up a business, particularly in the trade and service areas. Loans are made available through financial institutions including commercial banks, and regional and rural banks within the scheme. The scheme also encourages self-employment among women using extending loans for viable business activities such as manufacturing marketing and servicing.

Objectives

The primary objectives of the Udyogini Scheme include:

• Empowering women by providing financial assistance.
• Encouraging entrepreneurship among women in rural areas.
• Offering subsidies to make loans affordable for women.
• Supporting various small-scale industries and micro enterprises.

Full Details Of Udyogini Scheme

Eligibility Criteria

• The applicant must be a woman.
• The age of the applicant should be between 18 and 55 years.
• The annual family income must be below ₹1.5 lakh.
• There is no income limit for widowed or disabled women.
• The applicant should be a permanent resident of Karnataka.

Benefits

• Loans of up to ₹3 lakhs can be availed if the eligibility criteria are met.
• Women can access interest-free loans, especially in the agricultural sector.
• A 30% subsidy on the loan amount is provided to ease repayment.
• Skills training programs are included to enhance the beneficiaries’ business capabilities.

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Required Documents

• Three passport-size photographs.
• Ration card or voter ID card.
• Detailed Project Report (DPR) for the business.
• Certificate of training or experience in the proposed activity.
• Family income certificate.
• Caste certificate (for SC/ST applicants).
• Quotations for machinery and equipment.

How to Apply

Online Application Process

• Visit the Udyogini Yojana Scheme Official Website or the website of the bank offering loans under this scheme.
• Locate the Udyogini Scheme option from the menu.
• Fill out the application form provided on the website.
• Submit the form along with the required documents for verification.
• The selection committee will review your application and forward it to the bank for loan processing.

Offline Application Process

• Obtain the Udyogini Scheme Application Form from the nearest bank or the Deputy Director’s office.
• Fill out the application form and gather all required documents.
• Submit the completed form at the bank along with the necessary documents.
• The bank will verify your application and documents before processing the loan.

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Women empowerment is the fourth pillar for the development of Karnataka and one government scheme which truly empowers women is the Udyogini Scheme. The scheme has two main components women entrepreneurs who want to start their businesses or women who are financially self-sufficient. Offering subsidized loans and support for self-employment, the scheme helps in improving the economic status of mothers and mothers about to be due. Read about the Udyogini Yojana Scheme in detail on the Udyogini Yojana Scheme’s official website. Regardless of whether the concerned person needs Udyogini Scheme 2023 Application Form or intends to Udyogini Scheme 2024 Apply Online, this helps many thousands of women who want to become economically self-sufficient.