The Udyogini Scheme is a significant initiative aimed at empowering women entrepreneurs across India by providing financial assistance and support to establish and expand their businesses. This comprehensive guide delves into the various facets of the Udyogini Scheme, including its objectives, eligibility criteria, application process, and benefits, with a focus on regions like Karnataka and Tamil Nadu.
Table of Contents
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.
Full Details Of Udyogini Yojana
| Name Of Scheme | Udyogini Scheme |
|---|---|
| Announcement | Government of Karnataka |
| State Name | Karnataka |
| Implementation | Ongoing since 1997 |
| Updated On | 2024 |
| Objectives | To help women start their own businesses by giving them money. |
| Incentive | 30% for general and special categories- 50% for SC/ST Amount: ₹1 lakh to ₹3 lakhs |
| Application Starts | Always Open |
| Process | Online and Offline Registration |
| Official Website | Udyogini Scheme Official Website |
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.
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.
Key Features of the mahila udyogini yojana
- Loan Assistance: Provision of loans up to ₹3 lakh for business activities.
- Subsidy Support: Subsidies ranging from 30% to 50% of the loan amount, depending on the category and region.
- Interest-Free Loans: In certain cases, loans are provided without interest to reduce the financial burden.
- Diverse Sector Coverage: Support for 88 small-scale industries, including retail, manufacturing, and service sectors.
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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.
Application Process
- Obtain the Application Form: The form can be acquired from the respective state women’s development corporation offices or downloaded from their official websites.
- Fill in the Details: Complete the application form with accurate personal and business information.
- Attach Required Documents: These typically include:
- Aadhaar Card
- Birth Certificate
- Income Certificate
- BPL Card or Ration Card
- Caste Certificate (if applicable)
- Bank Passbook Copy
- Submit the Application: Submit the completed form along with the documents to the designated office or bank.
- Attend Training Sessions: Some regions may require applicants to undergo entrepreneurship development training.
- Await Approval and Disbursement: Upon successful verification, the loan amount, along with the applicable subsidy, will be disbursed to the applicant’s bank account.
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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Regional Implementations
While the pm udyogini yojana is a national initiative, its implementation varies across states.
Karnataka
In udyogini scheme karnataka, the udyogini mahila yojana is implemented by the Karnataka State Women’s Development Corporation (KSWDC). Women can avail loans ranging from ₹1 lakh to ₹3 lakh, with subsidies up to 50% for SC/ST categories and 30% for others. The focus is on promoting trade and service sectors.
Tamil Nadu
Tamil Nadu offers a similar scheme under the name “UYEGP” (Unemployed Youth Employment Generation Programme), targeting women entrepreneurs. The scheme provides financial assistance for manufacturing, service, and business ventures, with subsidies and training programs to support beneficiaries.
Role of Banks and Financial Institutions
Several banks and financial institutions collaborate in the successful implementation of the Udyogini Scheme:
- State Bank of India (SBI): Offers specialized loan products under udyogini scheme sbi, focusing on women engaged in small-scale industries.
- Punjab National Bank (PNB): Provides the “PNB Mahila Udyam Nidhi Scheme” to support women in setting up new projects in the tiny and small-scale sectors.
- Bajaj Finserv: Facilitates easy application processes for women seeking financial assistance under the Udyogini Scheme.
FAQs
Who is eligible for the Udyogini Scheme?
Women aged 18 to 55 years with an annual family income below ₹1.5 lakh are eligible. For SC/ST women, the income limit is ₹2 lakh. Widows and disabled women have no income limit.
Which banks offer the Udyogini Scheme?
Several banks, including the State Bank of India (SBI), Punjab & Sind Bank, and Karnataka State Financial Corporation (KSFC), offer loans under udyogini mahila yojana.
What is the ₹3 lakh subsidy pm udyogini yojana?
Under the pm Udyogini Scheme, women entrepreneurs can receive loans up to ₹3 lakh with a subsidy of 30% for general and special categories, and 50% for SC/ST categories.
What is the loan amount under the mahila udyogini yojana in Karnataka?
In Karnataka, eligible women can avail loans ranging from ₹1 lakh to ₹3 lakh under the mahila udyogini yojana
What is the ₹50,000 subsidy scheme in Karnataka?
The Karnataka government provides a ₹50,000 financial assistance under the “Chetana” scheme, offering ₹25,000 as a loan and ₹25,000 as an incentive to support self-employment for women.
What is the ₹3 lakh loan by the government?
The Udyogini Scheme offers women entrepreneurs government-backed loans up to ₹3 lakh to start or expand their businesses.
What is the interest rate for the Udyogini Scheme?
Interest rates vary by bank. Some institutions offer interest-free loans, while others may charge rates between 10% to 12%.
How to apply for the Udyogini Scheme in Karnataka?
Applicants can obtain the application form from the Karnataka State Women’s Development Corporation (KSWDC) or their official website. Complete the form with necessary documents and submit it to the designated office or bank.
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