Karnataka Udyogini Scheme

Scheme Introduction: A Brief Overview

• Udyogini Scheme is a self employment generation activity support scheme for women of Karnataka.
• The primary objective behind launching Udyogini Scheme in Karnataka is to encourage women to start their own enterprises by providing them subsidies on loans.
• The loan will be provided to these women's at a reasonable interest rate which will prevent them from borrowing money from local money lenders at high interest rates.
• Karnataka State Women's Development Corporationn is the implementing agency of this scheme.
• Along with this scheme, the state government is also providing business loan to the residents of Karnataka through : -
  • Karnataka Shrama Shakthi Loan Scheme.
  • Karnataka Direct Loan For Business Enterprises Scheme.
• Under the Karnataka Udyogini Scheme, Collateral Free Business Loan will be provided to eligible women beneficiaries to start their own business.
• Scheme offers women beneficiaries loan up to Rs. 3,00,000/- for their enterprise.
• Karnataka Government will also provide subsidy on the loan which is taken under Udyogini Scheme.
• 50% Subsidy on Loan Amount will be provided to Schedule Caste/ Schedule Tribe Beneficiary.
• Whereas, 30% Subsidy on Loan Amount will be provided to beneficiaries belonging to Special and General Category.
• The annual income limit for SC/ ST category beneficiaries is Rs. 2,00,000/-.whereas for General and Special category it will be Rs. 1,50,00/-.
• There is no annual income cap for widow and disabled women beneficiaries.
• Women Beneficiaries from the Age group of 18 to 55 Years are only eligible to apply for business loan and avail the benefit of subsidy on loan under Karnataka Udyogini Scheme.
• EDP (Entrepreneurship Development Program) training of 3 days to 6 days will also be provided to selected beneficiaries before disbursing the loan amount under Udyogini Scheme.
• Eligible Women Beneficiaries of Karnataka can apply for Udyogini Scheme through Application Form and avail the benefit of Collateral Free Business Loan.

Scheme Benefits

• The following benefits will be provided to all eligible women beneficiaries under Karnataka Udyogini Scheme :-
  • Collateral Free Business Loan will Provided.
  • Women Beneficiary can take a Maximum Business Loan up to Rs. 3,00,000/-.
  • Subsidy of 50% of Loan Amount will be Provided to SC/ ST Category Beneficiary.
  • Subsidy of 30% of Loan Amount will be Provided to Special/ General Category Beneficiary.
  • Loan will be provided at reasonable interest rate.

List of Business Permitted

• The state government has listed some businesses which are eligible to receive benefits provided under the scheme. The list of schemes are given as : -
  

Eligibility Requirements

• Karnataka Government sets the following eligibility conditions for women beneficiaries in order to provide them a subsidised loan under Udyogini Scheme :-
  • Women Beneficiary should be a permanent resident of Karnataka.
  • The Age of Women Beneficiary should be between 18 Years to 55 Years.
  • Business Unit Cost should be from Rs. 1,00,000/- to Rs. 3,00,000/- for All Applicants.
  • The Annual Income of SC/ ST Women Beneficiary should be less than Rs. 2,00,000/-.
  • The Annual Income of General/ Special Category Women Beneficiary should be less than Rs.1,50,000/-.
  • There is no Income Limit for Widow or Disabled Women Beneficiaries.

Required Documents

• The list of documents that are required to be attached with the application form at the time of applying for Karnataka Udyogini Scheme are as follows : -
  • Applicant's Aadhar Card.
  • Birth Certificate.
  • Address and Income Proof.
  • BPL Card & Ration Card. (For Below Poverty Line)
  • Caste Certificate. (If applicable)
  • Bank Account Details.
  • Mobile Number.
  • Latest Passport Size Photograph (Three)
  • Training or Experience certificate of the activity under which the loan is undertaken.
  • Detailed Project Report of the activity.
  • Equipment, machinery, and other expenses quotations.
  • Any Other Document Required by the Bank/ NBFC.

Steps to Apply

• Eligible Women Beneficiaries can apply for Udyogini Scheme of Karnataka Government by filling Application Form.
• Application Form of Karnataka Udyogini Scheme is available free of cost at the District Office of Karnataka State Women's Development Corporation.
• Collect the Udyogini Scheme Application Form and Fill it carefully.
• Attach all the required documents with the Application Form.
• Submit the Karnataka Udyogini Scheme Application Form along with all the documents in the same District Office of Karnataka State Women's Development Corporation.
• Concerned Officials will verify the received application form and documents.
• List of those beneficiaries who are eligible to get loan in Udyogini Scheme will be made then.
• Final List of Selected Beneficiaries of Udyogini Scheme will then be forwarded to the concerned bank for the disbursal of loan amount.
• Beneficiary Women will be informed through SMS about the Application Status of Udyogini Scheme.
• Amount of Loan provided under Karnataka Udyogini Scheme will be directly transferred in the bank account of women beneficiaries.
• Subsidy on Loan will be paid by the Government of Karnataka directly to the concerned bank.
• EDP Training of 3 to 6 days will be provided to women beneficiaries before releasing the loan amount in the Udyogini Scheme.

Relevant Links

• Karnataka Udyogini Scheme Guidelines.
• Karnataka State Women Development Corporation Portal.

Contact Information

• Karnataka State Women Development Corporation Contact Details.