46 XX | Enlightener Series | A. Public Sector Schemes | A.8 Udyogini Scheme for Women Entrepreneurs

Disclaimer….before you read ahead!

The information contained herein is of a general nature and for information purposes only, with the intent of raising awareness around various resources, schemes etc. available for women entrepreneurs in India. It is not intended to address the circumstances of any particular individual or entity. It does not purport to be all-inclusive or necessarily contain all the information that may be relevant for the reader, and may be subject to updation, revision or amendment. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to remain accurate in the future. The reader, therefore, is required to exercise their discretion; and not act on such information without appropriate professional advice after a thorough examination of the particular situation.

Furthermore, we are not a lender and are not authorized by the Reserve Bank of India to act as one. By disseminating the information contained herein, we are not soliciting any borrower or customers for the company or organization mentioned herein nor do we intend to syndicate any capital for the reader of this email.

About the scheme…
Udyogini Scheme for Women Entrepreneurs was launched by Punjab & Sind Bank to encourage women entrepreneurs to avail loans on liberal terms.

How is it being implemented?

Under Udyogini Scheme for Women Entrepreneurs, direct financial assistance is given to

Women entrepreneurs catering to direct agriculture activities, tiny SSI sector, business enterprises, retail traders etc.
Professionals
Self-employed women

What’s on offer?
I. Product:

Term loans or working capital facility depending upon the purpose of loan
Ticket size would be assessed on case to case basis and depending upon the purpose of loan
For information around this, please contact Punjab & Sind Bank via means mentioned below

II. Purpose:

Acquisition of fixed assets
Working capital requirements

III. Borrower Type

Sole Proprietorship, Partnership, Private Limited Company, Co-operative Society
For information around this, please contact Punjab & Sind Bank via means mentioned below

IV. Security or Collateral or Guarantee or Insurance

First charge or hypothecation over assets created out of Bank’s finance
For Micro and Small Enterprises covered under Credit Guarantee Fund Scheme for Small Industries
- No collateral security is required for loans upto ₹25 Lakhs
- Note that definition of Micro-enterprise or Small-enterprise per MSMED Act has been changed since July 1, 2020. Please click here for concise details
For others
- For loans upto ₹25,000: nil collateral requirements
- For loans above ₹25,000
  - Collateral security in the form of land/building property at least double the value of loan (including the value of assets in case of term loan)
  - Guarantee of spouse or third party
For more information around requirement of security, collateral, guarantee and insurance, please contact Punjab & Sind bank via means mentioned below

V. Interest Rate

For ticket size
- upto ₹5 Lakhs: 7.00%
- from ₹5 – 10 Lakhs: 7.85%
- above ₹10 Lakhs: ranges between 9.10 – 12.10% depending upon Bank’s internal rating of the borrower

VI. Processing fee

VII. Margin money requirement

For information around this, please contact Punjab & Sind Bank via means mentioned below

VIII. Tenure, Repayments & Pre-Closures

For information around this, please contact Punjab & Sind Bank via means mentioned below

IX. Turnaround Time

For information around this, please contact Punjab & Sind Bank via means mentioned below

Interested? Read ahead to check your eligibility….

I. In case of proprietary concern, do you individually or jointly with other women, fully manage the business?

OR
In case of Partnerships, Private Limited Company or Co-operative Society, do you individually or jointly with other women, have a share capital of not less than 51%, as partners or shareholder/directors of private limited company or members of co-operative society?

If your answers to the questions above are an emphatic YES, you are all set to avail loans under the Punjab & Sind Bank’s Udyogini Scheme for Women Entrepreneurs!

So…how big is this scheme and what has been done so far?

I. Details around Punjab & Sind Bank’s Udyogini Scheme for Women Entrepreneurs don’t seem to be available in the public domain

So, now, how should you go about it?

I. For submitting application: