Sarkari Yojana
LIDCOM Margin Money Loan Scheme
About LIDCOM Margin Money Loan Scheme
The Leather Industries Development Corporation (LIDCOM), Govt. of Maharashtra, runs the “Margin Money Loan Scheme” with a specific focus on the (Scheduled Caste) Charmakar Community. It covers loans ranging from ₹50,001 to ₹5,00,000/-. Of the project cost, 20% is extended by the Corporation as a Seed Capital loan carrying interest @ 4% per annum, and the Corporation also pays a subsidy of up to ₹10,000/-. The beneficiary puts in 5% of the project cost as his own share, while the Bank finances the balance 75% at its existing rate. Repayment of the loan is spread over 36 to 60 monthly installments.
The scheme is open solely to citizens who permanently reside in Maharashtra, and the Govt. of Maharashtra bears its entire cost. Through its various schemes, LIDCOM seeks to improve the living conditions of Charmakars (Dhor, Chambhar, Holar, Mochi, etc.) who are economically weak and below the poverty line, helping them progress educationally, economically, and socially so that they can hold a respectable place in society.
Scheme Overview
State Government
District Offices Of The Leather Industries Development Corporation (LIDCOM)
Individual
Scheme Details
Eligibility Requirements
To qualify for LIDCOM Margin Money Loan Scheme, applicants must satisfy the following conditions:
Only Indian citizens may apply
Only Indian citizens may apply.
Maharashtra State must be the applicant's place of…
Maharashtra State must be the applicant's place of permanent residence.
Applicants are required to fall within the age…
Applicants are required to fall within the age band of 18 to 50 years.
The scheme is restricted to members of the…
The scheme is restricted to members of the Charmakar Community (Dhor, Chambhar, Holar, Mochi, etc.).
Total yearly family income cannot go beyond ₹1,00,000/-
Total yearly family income cannot go beyond ₹1,00,000/-.
The applicant needs to understand the business for…
The applicant needs to understand the business for which the loan is being sought.
Documents Required
Applicants should keep the following documents ready before starting the application:
Applicant's Aadhaar Card
Applicant's Aadhaar Card.
A document establishing age, such as a Birth…
A document establishing age, such as a Birth Certificate or the Class 10th/12th Marksheet, etc.
Two passport-sized photographs, each signed across
Two passport-sized photographs, each signed across.
Domicile Certificate / Residential Certificate showing residence in…
Domicile Certificate / Residential Certificate showing residence in the State of Maharashtra.
Papers supporting the loan request
Papers supporting the loan request.
Income Certificate from an Authorised Govt
Income Certificate from an Authorised Govt. Officer.
Caste Certificate from an Authorised Govt
Caste Certificate from an Authorised Govt. Officer.
Bank Account particulars, including Bank Name, Branch Name,…
Bank Account particulars, including Bank Name, Branch Name, Address, IFSC, etc.
Whatever additional documents the District Office of LIDCOM…
Whatever additional documents the District Office of LIDCOM may ask for.
How to Apply
Offline Application
Applicants can apply for LIDCOM Margin Money Loan Scheme through the offline application process outlined below.
Collect the prescribed application form format from the…
Collect the prescribed application form format from the LIDCOM District Office.
Complete every mandatory field, affix the passport-sized photograph…
Complete every mandatory field, affix the passport-sized photograph with your signature across it, and enclose self-attested copies of all required documents.
Hand over the completed, signed form together with…
Hand over the completed, signed form together with the documents at the District Office.
Ask the District Office for a receipt or…
Ask the District Office for a receipt or acknowledgment confirming that your application has been submitted.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.