Mahila Udymi Yojana: Many schemes have been run to make women self-reliant and empowered. One of these schemes is the Mahila Udymi Yojana. Women applying under this scheme are given a loan amount at a low interest rate to start their own business.

If you also want to get complete information related to this scheme, then today’s news is very important for you. Let me tell you all that the loan amount under this scheme is given by the Small Industrial Development Bank. Let’s know who can apply and how much loan will be received.

What is the Mahila Udymi Yojana?

Women who want to start their own micro, small and medium business can apply under this scheme and take a loan for their business. Under this scheme, a loan of up to Rs 10 lakh is given to women. The objective of launching this scheme is to promote women traders in India.

Only women who want to start their own business can apply under this scheme. Under this scheme, women will have to pay very little interest on the loan. Mahila Udymi can repay the loan under this scheme for between 5 to 10 years.

Who can apply?

  • Under Mahila Udymi Yojana, only women in whose name the business is registered can apply.
  • If a business is not already registered, the business plan project should be ready.
  • If a woman is doing business in partnership with someone, it is necessary for a woman to contribute 51%.
  • Women from any state of India can apply under this scheme.

What is the special feature of this scheme?

  • Under the Mahila Udymi Yojana, women are not required to mortgage any property on the loan.
  • Under this scheme, women can take a loan up to Rs 10 lakh.
  • At the same time, if women want to start a big business, they can take a loan of 25% of the total expenditure or up to Rs 25 lakh.
  • The woman can repay the loan in 10 years under this scheme.

What documents will be required?

Women applying under the Mahila Udymi Yojana will have to submit some required documents for the loan. These required documents include required documents such as Aadhaar card, PAN card, bank statement for the last 9 months, copy of the ITR filed.

How to get a loan

Many banks are available to take loans under this scheme. A woman can go to any bank and get all the information related to this loan and go to the bank from which the woman wants to take the loan, fill the application form and submit all the required documents and apply for the loan.