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
Telangana’s Vision for Women Empowerment
Eligibility Criteria and Application Procedure for 100% SGST Reimbursement
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.
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:
|Supported Businesses||Supported Businesses||Supported Businesses||Supported Businesses|
|Agarbatti Manufacturing||Diagnostic Lab||Leaf Cups Manufacturing||Ribbon Making|
|Bangles||Edible Oil Shop||Milk Booth||Shops & Establishments|
|Audio & Video Cassette Parlour||Dry Cleaning||Library||Sari & Embroidery Works|
|Bakeries||Dry Fish Trade||Mat Weaving||Security Service|
|Banana Tender Leaf||Eat-Outs||Match Box Manufacturing||Shikakai Powder Manufacturing|
|Bottle Cap Manufacturing||Fish Stalls||Old Paper Marts||Soap Oil, Soap Powder & Detergent Cake Manufacturing|
|Beauty Parlour||Energy Food||Mutton Stalls||Silk Thread Manufacturing|
|Bedsheet & Towel Manufacturing||Fair-Price Shop||Newspaper, Weekly & Monthly Magazine Vending||Silk Weaving|
|Book Binding And Note Books Manufacturing||Fax Paper Manufacturing||Nylon Button Manufacturing||Silk Worm Rearing|
|Cleaning Powder||Gift Articles||Photo Studio||Tea Stall|
|Cane & Bamboo Articles Manufacturing||Flour Mills||Pan & Cigarette Shop||Stationery Shop|
|Canteen & Catering||Flower Shops||Pan Leaf or Chewing Leaf Shop||STD Booths|
|Chalk Crayon Manufacturing||Footwear Manufacturing||Papad Making||Sweets Shop|
|Chappal Manufacturing||Fuel Wood||Phenyl & Naphthalene Ball Manufacturing||Tailoring|
|Cotton Thread Manufacturing||Ink Manufacture||Radio & TV Servicing Stations||Vegetable & Fruit Vending|
|Clinic||Gym Centre||Plastic Articles Trade||Tender Coconut|
|Coffee & Tea Powder||Handicrafts Manufacturing||Pottery||Travel Agency|
|Condiments||Household Articles Retail||Printing & Dyeing of Clothes||Tutorials|
|Corrugated Box Manufacturing||Ice Cream Parlour||Quilt & Bed Manufacturing||Typing Institute|
|Dairy & Poultry Related Trade||Jute Carpet Manufacturing||Real Estate Agency||Woollen Garments Manufacturing|
|Crèche||Jam, Jelly & Pickles Manufacturing||Ragi Powder Shop||Vermicelli Manufacturing|
|Cut Piece Cloth Trade||Job Typing & Photocopying Service||Readymade Garments Trade||Wet Grinding|
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.