Government Loan Scheme: The central and several state governments are running various schemes to empower women financially. One such scheme is the Udyogini Yojana. Under this scheme, women are provided loans ranging from ₹1 lakh to ₹3 lakh, without any guarantee or collateral, so that they can start their own business or expand an existing one.
Initially, this scheme was launched by the Karnataka government. Later, the central government implemented it across the country. This scheme aims to make women financially independent. With the help of this loan, women get the opportunity to start or expand businesses such as beauty parlors, tailoring shops, or other small businesses.
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Who can benefit?
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Women aged 18 to 55 years can apply.
The applicant should not have defaulted on any previous loans.
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The family’s annual income should not exceed ₹1.5 lakh.
If the woman is a widow or disabled, the family income criteria will not apply.
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Loan Amount
Under this scheme, women are provided loans ranging from ₹1 lakh to ₹3 lakh.
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This loan can be taken for both starting and expanding a business.
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Required Documents
Passport-sized photograph
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Aadhaar Card
Family Income Certificate
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Business Project Report
Caste Certificate
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Training or Experience Certificate
How to Apply?
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You can apply by visiting your nearest bank branch.
Alternatively, you can apply online through the MyScheme.gov.in portal.
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Previously, this scheme was only for women in Karnataka, but now women across India can benefit from it. If you are a woman and want to start your own business, this scheme can prove to be a great financial support for you.