Udyogini Scheme | PM Udyogini Yojana: Central Government Will Provide Interest Free Loan Of Rs. 3 Lakh And 30% Subsidy To The Women, Apply From Here

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What Is Udyogini Scheme?

The Udyogini Scheme was launched by the Central Government to help women from economically weaker families to launch their industries. Under this scheme, women from the lower and middle classes will get a Rs. 3 lakh interest-free loan to start their businesses. Additionally, a 30% subsidy on this loan will be provided.

This isn’t a new scheme; it was launched in Karnataka in 1997-1998. However, afterwards, the central government brought it into effect in the entire country, and because of this, all the women in the nation are now receiving benefits of this scheme. Eligible women can receive a loan upto Rs. 3 lakh under this scheme. The government will verify if you have failed on a previous loan before giving this one. This loan has no interest included in it, although there are circumstances when interest can be charged.

All the details you need to apply for the Udyogini Scheme are given below, How To Apply, Official Website, Benefits, Required Documents, Eligibility Criteria, and more.

Also, yojnasarkar.in provides information on all government schemes run by the central or state governments.

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Important Points For Udyogini Scheme

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Required Documents for Udyogini Scheme

1. BPL Ration Card
2. Caste Certificate (If You Belong To SC/ST)
3. Address Proof
4. Certificate of training or experience for the business for which you want loan.
5. Income Certificate
6. Quotation of the capital expenditure for machinery, tools etc. will be required in the loan taken for the business.
7. An estimate for the capital costs of equipment, tools, etc., must be included in the loan application for the business.
8. Aadhar Card
9. Mobile Number
10. Bank Account Statement

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Benefits and Characteristics of Udyogini Scheme

1. Through this scheme, women entrepreneurs from economically weaker backgrounds can start their own business.
2. This scheme allows women to set up their own businesses such as beauty parlors, canteens, catering services, tailoring, and more, with loans up to Rs. 3 lakh.
3. It helps women pay back their loans by giving them am interest-free loan and 30% loan discount. Thus, the beneficiary will only need to repay 70% of the entire loan amount.
4. In the same way, around 88 different categories of businesses are receiving loan help.

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Eligibility Criteria for Udyogini Scheme

1. The applicant must be a woman and Indian citizen.
2. Applicant should not be a loan defaulter of any previous loan.
3. The age of the applicant woman should be between 18 to 55 years.
4. The applicant family’s annual income should not exceed Rs. 1.5 lakh.

NOTE: Women who comes under the category of widow, helpless or disabled doesn’t have any upper limit on income.

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ALL IMPORTANT LINKS

NOTE: There isn’t an official Udyogini Scheme website because loans under this scheme are provided by multiple banks. But more information about the scheme are available on the government’s myscheme.gov.in website.

Which Banks Are Offering Loans Under Udyogini Scheme?

Several commercial banks, private banks, district cooperative banks, regional rural banks (RRBs), and non-banking financial institutions offer loans under the Udyogini system. It mainly includes:

1. Punjab and Sind Bank
2. Saraswat Bank
3. Karnataka State Women’s Development Corporation (KSWDC)
4. Bajaj Finserv

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How To Apply For Udyogini Scheme?

1. To apply, visit the closest government bank if you wish to apply for a loan under the Udyogini scheme. The apply process of this scheme is offline.
2. Visit the bank and fill the application form and attach all the required documents with it.
3. After filling the details in the application form, send it to the bank directly.
4. Your application will now be examined, and if everything verifies out to be correct, you will receive the loan in 8–10 days.
5. The Corporation will apply for the subsidy to be granted on your loan after it has been approved.

NOTE: Please keep in mind that the documents and details are correct and valid.

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