The “Margin Money Loan Scheme” is implemented by the Leather Industries Development Corporation (LIDCOM), Government of Maharashtra, specifically for the Scheduled Caste Charmakar Community (including Dhor, Chambhar, Holar, Mochi, etc.). The scheme is designed to uplift economically weak individuals from below the poverty line by providing financial support to start or expand their businesses. The main objective is to develop them educationally, economically, and socially, ensuring a more respectable position in society.
Benefits
- Seed Capital:
For a loan limit from ₹50,001 to ₹5,00,000/-, 20% of the project cost is provided by the Corporation as Seed Capital at an interest rate of 4% per annum. - Subsidy:
A maximum of ₹10,000/- is provided as a subsidy by the Corporation. - Beneficiary Contribution:
The beneficiary is required to contribute 5% of the project cost as his share. - Bank Financing:
The remaining 75% of the project cost will be financed by a Bank at the prevailing rates. - Repayment:
The loan is to be repaid in 36 to 60 monthly installments.
Eligibility
To be eligible for the scheme, the applicant must meet the following criteria:
- Citizenship and Residency:
Must be a citizen of India and a permanent resident of Maharashtra. - Age:
Must be within the age group of 18 to 50 years. - Community:
Must belong exclusively to the Charmakar Community (e.g., Dhor, Chambhar, Holar, Mochi, etc.). - Income Limit:
The annual family income should be less than or equal to ₹1,00,000/-. - Business Knowledge:
The applicant should have adequate knowledge about the business for which the loan is being applied.
Application Process
The application process is conducted offline:
- Obtain Application Form:
- Collect the application form from the District Office of LIDCOM.
- Fill Out the Form:
- Complete all mandatory fields, paste a passport-sized photograph (signed across), and attach all required documents (self-attested, if required).
- Submit Application:
- Submit the duly filled and signed application form along with the necessary documents to the District Office.
- Receipt:
- Obtain a receipt or acknowledgment from the District Office confirming the submission, including details such as the date, time, and a unique identification number (if applicable).
Documents Required
- Aadhaar Card.
- Proof of Age (e.g., Birth Certificate, Class 10th/12th Marksheet).
- Two Passport-sized Photographs (signed across).
- Residential Certificate / Domicile Certificate of Maharashtra.
- Loan-related proofs.
- Income Certificate issued by an authorized government officer.
- Caste Certificate issued by an authorized government officer.
- Bank Account Details (Bank Name, Branch, Address, IFSC code, etc.).
- Any other documents required by the District Office of LIDCOM.
Frequently Asked Questions
-
What are the objectives of this scheme?
To uplift economically weak individuals from the Charmakar Community by providing margin money for project financing, thereby promoting educational, economic, and social development. -
What is the full form of LIDCOM?
LIDCOM stands for the Leather Industries Development Corporation. -
If required, by whom should the income certificate and caste certificate be issued?
Both certificates must be issued by an authorized government officer. -
Is this a state funded or a centrally funded scheme?
This scheme is completely funded by the Government of Maharashtra. -
Can applicants from neighboring states such as Gujarat, Madhya Pradesh, Chhattisgarh, Telangana, etc. also apply?
No, only permanent residents of Maharashtra are eligible. -
What are the sub-communities under the Charmakar Community?
This includes communities such as Dhor, Chambhar, Holar, Mochi, etc. -
Where can I find the URL to the official website of LIDCOM?
Please refer to the official LIDCOM website for further information. -
What is the address of the Managing Director’s Office of LIDCOM?
The address details can be obtained from the LIDCOM official website or through contacting the corporation. -
Where can I find the addresses of the regional and district offices of LIDCOM?
Contact details and addresses are available on the LIDCOM official website. -
Is there a customer support number for LIDCOM?
Yes, please check the official website for the latest customer support number. -
Is there an age-related criterion for this scheme?
Yes, applicants must be between 18 and 50 years of age. -
Is there an income-related criterion for this scheme?
Yes, the applicant’s annual family income should not exceed ₹1,00,000/-. -
Where can I find the format of the application form? Is it available online?
The application form is available at the District Office of LIDCOM. Please contact the District Office for further details.