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Udyam Kranti Yojana: Collateral-Free Loans for Young Entrepreneurs

Kickstart your entrepreneurial journey with government-backed, collateral-free loans. Enjoy interest subsidies and grow your business without the financial burden. Apply now to get started!

What is Udyam Kranti Yojana?

The Udyam Kranti Yojana is a government-backed loan scheme designed to help young entrepreneurs start their own businesses. It provides collateral-free loans through banks and offers interest subsidies to encourage self-employment and micro-enterprise development.By reducing credit costs and offering financial support, the scheme promotes the establishment of new businesses, reduces youth unemployment, and helps young individuals become self-reliant.

Key Features of Udyam Kranti Yojana

Collateral-Free Loans

Collateral-Free Loans

No need for any property or security to apply.

Business Growth Support

Business Growth Support

Comprehensive guidance for scaling your business

3% Interest Subsidy

3% Interest Subsidy

Reduced borrowing costs to help ease financial pressures.

Micro‑enterprise Focus

Micro‑enterprise Focus

Special emphasis on small businesses and startups.

Employment Generation

Employment Generation

Contributing to job creation through self-employment.

Eligibility Criteria for Udyam Kranti Yojana

Age Requirement

Age Requirement

Between 18–45 years

Education Qualification

Education Qualification

Minimum 8th-grade certificate.

Annual Family Income

Annual Family Income

Must be up to ₹12 Lakh.

Focus Sectors Covered Under Udyam Kranti

The Udyam Kranti Yojana supports young entrepreneurs across various sectors:

1. Manufacturing Sector

Includes businesses involved in production, fabrication, or assembly of products.

2. Service Sector

Covers tech startups, healthcare, education, and other service-based businesses.

3. Retail Trade

Supports small businesses engaged in buying and selling goods directly to consumers.

By offering financial assistance across these areas, the scheme empowers young entrepreneurs to explore different business avenues.

The Udyam Kranti Yojana provides substantial financial benefits:

The Udyam Kranti Yojana supports young entrepreneurs across various sectors:

1. Loan Amount:

Manufacturing & Enterprise Sector: ₹1,00,000 to ₹50,00,000.

2. Loan Amount:

Service Sector: ₹1,00,000 to ₹25,00,000.

3. Interest Subsidy:

A 3% annual subsidy to reduce loan repayment costs.

4. Bank Loan Guarantee:

Loan guarantee fees covered for up to 7 years.

These benefits make Udyam Kranti an excellent option for those looking to build or grow their business.

Why Choose Udyam Kranti Yojana for Your Business?

Collateral-Free Loans:

No property or security needed for loan approval.

Lower Interest Rates:

Beneficiaries enjoy significantly lower rates compared to traditional loans.

Government-Backed Security:

Financial stability is ensured for your business through government-backed guarantees.

Wide Sector Coverage:

It supports businesses across manufacturing, services, and retail.

Long-Term Benefits:

Loan repayment tenure of up to 7 years.

The Udyam Kranti scheme gives you all the tools you need to succeed without the financial burden.

Frequently Asked Questions (FAQs)

Applicants must be 18–45 years old, have passed at least 8th grade, and have a family income of ₹12 lakh or less.

Disclaimer: The information provided here has been sourced from online platforms. Repayment terms, interest rates, and other conditions may be subject to change as per the scheme's policies and the lending institution's discretion.

Our objective is solely to provide an update for informational purposes, without prejudice or any guarantee of accuracy. Applicants are advised to verify details with official sources before making any financial decisions.

Apply for Udyam Kranti Yojana Today!

Take your first step toward successful entrepreneurship. Secure a collateral-free loan and build your dream business.