Udyogini Scheme in Telangana దరఖాస్తు చేసుకోండి

Women-led startups and woman entrepreneurs are integral components of a thriving economy. Udyogini Scheme in Telangana, the government recognizes the pivotal role women play in entrepreneurship and has introduced progressive measures to support and empower them in their business endeavors. Let’s delve into the details of these initiatives and the eligibility criteria for availing the 100% Services Tax (SGST) reimbursement program.

A. Udyogini Scheme in Telangana

Women-led Startups

A women-led startup, as per Telangana’s guidelines, is one that meets the following criteria:

1. Ownership and Control: At the time of registration, the startup should be owned and controlled by a woman or a group of women, collectively holding a minimum financial interest of 51% of the capital in the startup.Continued Ownership: Even after funding rounds, a minimum of 33% of the startup should be owned by women, with one of the following conditions met:I. At least 33% of the votes in the Board of Directors are held by women.(or)II. At least 33% of the leadership or CXO team comprises women.

B. Woman Entrepreneurs

A woman entrepreneur, according to Telangana’s definition, fulfills one of the following criteria:I. The woman is a founder or co-founder of a registered startup and holds voting rights in the Board of Directors or occupies a leadership role within the startup.(or)II. The woman holds a minimum financial interest of 20% of the capital in a registered startup, along with voting rights in the Board of Directors or a leadership role within the startup.

Telangana’s Vision for Women Empowerment

Telangana envisions women entrepreneurship as enterprises primarily owned and controlled by women, with a minimum financial interest of 51% of the capital. Moreover, these businesses should provide at least 51% of their employment opportunities to women. This inclusive approach not only fosters economic growth but also rebalances power dynamics in socio-economic and political relations within society.

Eligibility Criteria and Application Procedure for 100% SGST Reimbursement

Now, let’s shed light on the eligibility criteria for availing the 100% SGST reimbursement program, which is a significant incentive for startups in Telangana:

• Reimbursement Period: Startups are eligible for 100% SGST reimbursement for a duration of three (3) years from the date of incorporation.Turnover Limit: To qualify, the startup’s maximum turnover should not exceed INR 1 Crore per annum.Additional Requirements: For startups with turnovers exceeding 2 lakhs, it’s essential to obtain details of the net tax paid during the half-year for which the claim is being made. This information must be duly certified by Commercial Tax authorities using the prescribed Form-A.

Telangana’s commitment to empowering women in entrepreneurship is evident through its support for women-led startups and woman entrepreneurs. By adhering to the specified criteria and leveraging initiatives like the 100% SGST reimbursement program, women in business can thrive, contribute to economic growth, and reshape the landscape of entrepreneurship in the state.

The Udyogini Scheme is a dynamic initiative introduced by the Government of India in collaboration with women entrepreneurs across the nation. This program, administered by the Women Development Corporation, is geared towards fostering women’s self-sufficiency by facilitating the establishment of their microenterprises and businesses. By offering financial assistance and skill development courses, the Udyogini Scheme aims to prevent women from resorting to high-interest loans from moneylenders and encourage them to become financially independent. Here’s a concise overview of the key details of this empowering scheme:

Udyogini Scheme in Telangana Scheme Highlights

• Name: Udyogini Scheme
• Introduced by: Government and Women entrepreneurs in India
• Implemented by: Government of India’s Women Development
• Interest Rate: Competitive, subsidized, or free for special cases
• Annual Family Income: Rs. 1.5 lakh or less
• Loan Amount: Maximum up to Rs. 3 lakh
• No income limit: For Widowed or disabled women
• Collateral: Not required
• Processing Fee: Nil

Udyogini Scheme in Telangana Scheme Objectives

The primary objective of the Udyogini Scheme is to empower women by enabling them to establish their microenterprises and small businesses. This empowerment aims to break the cycle of women borrowing money at exorbitant interest rates from moneylenders. In addition to providing financial aid, the scheme also prioritizes skill development through various courses.

Udyogini Scheme in Telangana Scheme Features

Key features of the Udyogini scheme include:

• Encouraging female borrowers to seek loans from banks and financial organizations to generate income.
• Offering interest-free loans to eligible women without any bias or discrimination.
• Making financial assistance more accessible for women belonging to SC/ST or other special categories.
• Protecting women from high-interest loans from private lenders or other financial organizations.
• Enhancing the skills of women beneficiaries through Entrepreneurship Development (EDP) Training.

Udyogini Scheme in Telangana Eligibility Criteria

To benefit from the Udyogini scheme, women must meet the following eligibility criteria:

• The applicant must be a woman.
• The age limit for women has been expanded from 45 to 55 years, making the eligible age range 18 to 55.
• The income limit has been revised to Rs. 1.5 lakhs from the previous Rs. 40,000.
• Only women entrepreneurs are eligible for business loans.
• Applicants should ideally have a good credit score and a history of timely loan repayments to financial institutions.

Documents Required

Essential documents for the Udyogini scheme application include:

• Passport-sized photographs
• Applicant’s Aadhaar Card
• Birth Certificate
• Duly filled Application Form with address and income proof
• Applicant’s Below Poverty Line (BPL) card & Ration Card
• Caste Certificate (if applicable)
• Copy of Bank passbook (containing account details, bank, branch names, holder name, IFSC, and MICR)
• Any other documents specified by the bank/NBFC

The Udyogini Scheme empowers women by providing them with financial resources and the skills needed to pursue their entrepreneurial dreams, ultimately contributing to their financial independence and the socioeconomic development of the nation.

Here is a list of supported businesses under the Udyogini Scheme in tabular form:

To apply for the Udyogini Scheme, applicants can visit their nearest bank with the required documentation and fill out an application form as per the bank’s requirements. Alternatively, applicants can also submit a loan application online by visiting the official websites of banks that offer loans under the Udyogini program.