Launched in 1997 and revamped in 2004, the Udyogini scheme empowers women in Karnataka to achieve self-reliance and financial independence through self-employment. Primarily focused on trade and service sectors, it offers subsidized loans from the Karnataka State Women’s Development Corporation through banks and financial institutions like commercial banks, cooperatives, and RRBs. This empowers women to launch and run their own micro-enterprises, fostering economic self-sufficiency and contributing to their overall well-being.
This rewrite focuses on the core message of the scheme, emphasizes the financial support provided, and simplifies the language for better understanding.
Benefits of Udyogini Scheme
The Udyogini Yojana, a scheme aimed at promoting women’s entrepreneurship in India, offers several benefits, including:
- Interest-Free Loans: The scheme provides interest-free loans to women without any discrimination1.
- Entrepreneurial Support: It motivates and assists women from backward areas to become entrepreneurs, especially those from poor and illiterate backgrounds1.
- Financial Independence: The scheme aims to make women financially independent by supporting their business ventures1.
- Skill Training: It provides skill training to women, helping them develop the necessary expertise for their businesses1.
- Empowerment and Development: The scheme contributes to women’s development and empowerment, aiming to increase their participation in the economy1.
- Transparent Evaluation Process: The scheme ensures a transparent and fair evaluation process, minimizing the scope for malpractices and ensuring the impartial selection of beneficiaries5.
- Village and Producer Support: The Udyogini Yojana has supported over 7,047 women entrepreneurs, benefiting more than 1,698 villages and 53,762 producers. It also supports over 5,432 children from backward classes5.
The Udyogini Yojana is designed to empower women, promote entrepreneurship, and contribute to the overall economic development of the country.
Eligibility For Udyogini Scheme
The Udyogini Yojana, a scheme aimed at promoting women’s entrepreneurship in India, has the following eligibility criteria:
- Age: The applicant should be aged between 18 to 55 years
- Income: The applicant’s family income should be less than Rs. 1.5 lakh. However, the income limit is not applicable for women falling under special categories like widowed or destitute
- Special Categories: Women falling under special categories like widowed or destitute may have relaxed income restrictions
- Credit Score: The applicant who has a high credit score and can make payments is also eligible for the scheme
The scheme aims to support women from rural and underdeveloped areas, providing them with interest-free loans, entrepreneurial support, and skill training to promote financial independence and empowerment
Udyogini Application Process
The Udyogini Yojana offers both online and offline application processes for aspiring women entrepreneurs. Here are the step-by-step details for the application process:
Offline Application Process
- Visit the Nearest Bank or NBFC: To apply for an Udyogini Yojana business loan offline, you can visit the nearest bank or NBFC offering credit under the initiative.
- Submit Required Documents: When visiting the bank, ensure that you have all the required documents, including the duly filled application form, passport-sized photographs, Aadhaar card, birth certificate, and below poverty line (BPL) card.
Online Application Process
- Register Online: You can register for the Udyogini scheme via the online portal.
- Submit Application Form: Fill out the Udyogini scheme 2023 online application form and submit it through the online portal.
The scheme aims to promote women’s entrepreneurship, financial empowerment, and self-reliance by offering necessary financial support and transparent evaluation of the beneficiary. The Udyogini Yojana has supported over 7,047 women entrepreneurs in India, benefiting more than 1,698 villages and 53,762 producers under the scheme