Udyogini Scheme: Many women today want to start their own businesses, but a lack of funds often hinders them. In response, several schemes are underway across the country to empower women financially. One such scheme is the Udyogini Scheme. This isn’t a new scheme; the central and several state governments have been jointly implementing it for quite some time. Its purpose is to provide easy loans without guarantee to women interested in starting a business .
What is Udyogini Scheme?
The Udyogini scheme was first launched by the Karnataka government , but today, with support from several states and the central government, it benefits women across the country. Under this scheme, women are provided collateral-free loans ranging from Rs 1 lakh to Rs 3 lakh. This means they don’t have to provide any security or guarantee to receive the loan. With this amount, women can easily start a beauty parlor, boutique, sewing center, grocery, dairy, or any other small business.
How much loan is available?
Loans under this scheme are solely for starting or expanding a business. The amount ranges from Rs 1 lakh to Rs 3 lakh, depending on your business plan and bank approval.
What is the eligibility?
There are some basic requirements for applying for the Udyogini Scheme:
Women between 18 to 55 years can apply.
The woman should not have defaulted on any loan earlier.
The annual income of the family should not exceed Rs 1.5 lakh.
In case of widows or disabled women, the income limit is not applicable, that is, they can apply directly.
These documents will be required to apply
Aadhar Card , Passport Size Photo, Income Certificate, Project Report/Business Plan, Caste Certificate (if applicable), Experience or Training Certificate (if any).
How to Apply?
Applying is quite easy. You can apply by visiting any nearby bank. Additionally, online application is also available on the government’s myscheme.gov.in portal. Previously, this scheme was limited to women in Karnataka, but now women across the country benefit from it