Abhibyakti Singh

Abhibyakti Singh

Executive Assistant, LXME

Udyogini Scheme

Financial assistance has the power to transform a woman’s life, especially an underprivileged woman. This is why the Women Development Corporation offers a scheme called Udyogini Yojana to provide women with monetary help in setting up their business. What is the PM Udyogini Yojana Scheme? What are some Udyogini Scheme details? Let’s find out!

What is the Udyogini Scheme?

The Udyogini Scheme is implemented by the Women Development Corporation with the purpose of providing subsidized loans for women entrepreneurs. It promotes women entrepreneurs by providing them with financial assistance for doing business. The scheme mainly attempts to target underprivileged women and women from rural areas.

What are the features of the Mahila Udyogini Scheme?

  • Women can apply for loans upto Rs. 3 Lakhs under this scheme.
  • The Government provides a 30% subsidy on loans under this scheme.
  • The loan can be availed for engaging in business under 88 industries. Some examples are Canteen & Catering, Library, Papad making, Security service etc. 
  • If you are engaging in business under the agricultural sector, you can avail interest-free loans.
  • The scheme also provides training to women entrepreneurs for skill development.

What are the eligibility criteria for Udyogini Yojana?

  1. Udyogini Scheme Eligibility is only for women entrepreneurs between the ages of 18-55.
  2. Women entrepreneurs applying for a loan under this scheme should have a good credit history and should not have defaulted on any previous loans
  3. The family income of the woman should be less than Rs. 1.5 lakhs (this is not applicable in special situations such as in case of disabled women, widowed women etc.)

What are the benefits of the Udyogini Scheme?

  • It promotes entrepreneurship among rural, underprivileged women.
  • It provides training to women for skill enhancement.
  • It makes women financially independent and empowers them. 

How to apply for the Mahila Udyogini Scheme?

Step 1 : Get a Udyogini Scheme form from the nearest bank. Or simply download the form from the bank’s official website.

Step 2 : Fill the form by adding all the relevant details

Step 3 : Attach all the required documents 

Step 4 : Submit the application form at the nearest branch of the bank you have chosen.

Step 5 : Wait for loan approval and processing.

What are the documents required to apply for Udyogini Yojana?

  • Aadhar Card
  • Birth Certificate
  • Ration Card (if below poverty line)
  • Residential Proof
  • Income Certificate
  • Caste verification certificate
  • Details of business 
  • Passport Size Photographs

To sum up, the Udyogini Scheme aims to bridge the gap between underprivileged women and financial assistance. It enables women to start their own businesses in several small-scale industries, empowering both the woman as well her surrounding community. Additionally, the scheme will allow women to increase their earning potential and this will, in turn, enable them to save and invest some of this money towards their goals.

Join LXME’s vibrant community to learn more about such interesting schemes! Ask queries and get all your money-matter doubts cleared on the App! 


What is the Udyogini scheme?

The Udyogini Scheme is implemented by the Women Development Corporation with the purpose of providing subsidized loans to women entrepreneurs.

What is the interest rate of Udyogini Yojana?

Udyogini Scheme Interest Rate depends on the bank the woman chooses to avail the scheme from. 

Who is eligible for Udyogini scheme?

Only women entrepreneurs between the ages of 18-55 are eligible for the Udyogini scheme.

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