Sarkari Yojana
Micro Credit Finance
About Micro Credit Finance
Implemented by the Department of Social Justice & Special Assistance, Government of Maharashtra, with funding from the National Scheduled Castes Finance and Development Corporation (NSFDC), the “Micro Credit Finance” scheme seeks to improve the lives of economically disadvantaged Charmakars (Dhor, Chambhar, Holar, Mochi, etc.) living below the poverty line. It works to raise their educational, economic, and social status so they can hold a respected place in society, while encouraging the making of footwear and leather goods for government supply and sale in the open market.
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for Micro Credit Finance, applicants must satisfy the following conditions:
Only members of the Charmakar Community can apply
Only members of the Charmakar Community can apply.
Applicants need to be aged between 18 to…
Applicants need to be aged between 18 to 50 years.
Permanent residence in Maharashtra is required
Permanent residence in Maharashtra is required.
The applicant has to fall in the Below…
The applicant has to fall in the Below Poverty Line (BPL) category.
Income and Caste Certificates from an authorised government…
Income and Caste Certificates from an authorised government officer must be produced.
The applicant should know the business for which…
The applicant should know the business for which the loan is sought.
Under the 50% Subsidy Scheme and Margin Money,…
Under the 50% Subsidy Scheme and Margin Money, annual income has to be below the poverty line.
Under the NSFDC Scheme, annual income should be…
Under the NSFDC Scheme, annual income should be ₹98,000 in rural areas and ₹1,20,000 in urban areas.
Benefits Provided
Micro Credit Finance provides the following benefits to eligible applicants:
Beneficiaries can get between ₹25,000 and ₹50,000 to…
Beneficiaries can get between ₹25,000 and ₹50,000 to put into income-generating activities.
Interest is charged at a low 5% per…
Interest is charged at a low 5% per annum, which makes repayment easier.
A subsidy of ₹10,000 is given to ease…
A subsidy of ₹10,000 is given to ease the financial load.
Documents Required
Applicants should keep the following documents ready before starting the application:
A photograph of passport size
A photograph of passport size
Applicant's Aadhaar Card
Applicant's Aadhaar Card
Certificate of income
Certificate of income
Certificate of caste
Certificate of caste
Proof of residence
Proof of residence
Bank passbook or bank details
Bank passbook or bank details
Other documents, if needed
Other documents, if needed
How to Apply
Offline Application
Applicants can apply for Micro Credit Finance through the offline application process outlined below.
During office hours, go to the District Office…
During office hours, go to the District Office of the Leather Industries Development Corporation of Maharashtra (LIDCOM) and ask the concerned authority for a printed copy of the prescribed application form.
Complete every mandatory field, affix a passport-sized photograph…
Complete every mandatory field, affix a passport-sized photograph (signed across if needed), and enclose copies of all required documents (self-attested where needed).
Hand over the completed and signed form, with…
Hand over the completed and signed form, with the documents, to the concerned authority within the prescribed period, if any.
Ask the authority receiving the form for a…
Ask the authority receiving the form for a receipt or acknowledgement, and check that it records the date and time of submission and a unique identification number, if any. NOTE: Make sure the form reaches the authority within the prescribed period, where one is fixed.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.