Being implemented particularly for the (Scheduled Caste) Charmakar Community, the “50% Subsidy Scheme” is a scheme by the Leather Industries Development Corporation (LIDCOM), Govt. of Maharashtra. In this scheme, 50% of the maximum loan amount of ₹50,000/- is given as a subsidy, subject to a maximum limit of ₹10,000/-. The bank charge of interest is as per the existing rate. Only citizens who are permanent residents of Maharashtra are eligible to apply for this scheme. This scheme is completely funded by the Govt. of Maharashtra. The main objective of LIDCOM is to implement various schemes to uplift the lifestyle of Charmakars (Dhor, Chambhar, Holar, Mochi, etc.) who are economically weak and below the poverty line, with an intention to develop them educationally, economically, and socially so as to give them a respectable place in society.
Benefits
- Subsidy Benefit:
For a maximum loan amount of up to ₹50,000/-, 50% of the amount is given as a subsidy, subject to the maximum limit of ₹10,000/-.
Eligibility
- The applicant should be a citizen of India.
- The applicant should be a permanent resident of Maharashtra State.
- The applicant should be in the 18 to 50 years age group.
- The applicant should be from the Charmakar Community only (Dhor, Chambhar, Holar, Mochi, etc.).
- The annual income of the applicant’s family should be less than or equal to ₹1,00,000/-.
- The applicant should have knowledge of the business for which they have applied for the loan.
Application Process
The application process is conducted offline:
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Collect the Application Form:
Take the format of the application form from the District Office of LIDCOM. -
Complete the Form:
Fill in all the mandatory fields, paste a passport-sized photograph (signed across), and attach all the (self-attested) mandatory documents. -
Submit the Application:
Submit the duly filled and signed application form along with the documents to the District Office. -
Obtain Acknowledgment:
Acquire the receipt/acknowledgment of the successful submission of the application form from the District Office.
Documents Required
- Aadhaar Card.
- Proof of Age (Birth Certificate, Marksheet of Class 10th/12th, etc.).
- 2 Passport Sized Photographs (Signed Across).
- Residential Certificate / Domicile Certificate of the State of Maharashtra.
- Proofs related to the amount of loan.
- Income Certificate issued by an Authorized Govt. Officer.
- Caste Certificate issued by an Authorized Govt. Officer.
- Details of the Bank Account (Bank Name, Branch Name, Address, IFSC, etc.).
- Any other document required by the District Office of LIDCOM.
Frequently Asked Questions
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What Is The Maximum Amount Of Subsidy That Can Be Availed Through This Scheme?
The maximum subsidy that can be availed is ₹10,000/-. -
What Is The Limit On The Maximum Amount Of Loan Taken In Order To Be Eligible For The Subsidy?
The scheme is applicable on a maximum loan amount of up to ₹50,000/-. -
What Are The Objectives Of This Scheme?
The scheme aims to uplift the lifestyle of the Charmakar Community by providing financial support to those who are economically weak, enhancing their educational, economic, and social development. -
What Is The Full Form Of LIDCOM?
LIDCOM stands for the Leather Industries Development Corporation. -
If Required As A Mandatory Document, By Whom Should The Income Certificate And Caste Certificate Be Issued?
Both the Income Certificate and the Caste Certificate should be issued by an authorized government officer. -
Is This A State Funded Or A Centrally Funded Scheme?
This is a state-funded scheme, completely financed by the Government of Maharashtra. -
Can Applicants From The Neighboring States Gujarat, Madhya Pradesh, Chhattisgarh, Telangana, Etc Also Apply To This Scheme?
No, only permanent residents of Maharashtra are eligible to apply. -
What Are The Sub-Communities Under Charmakars Community?
The scheme is designed for the Charmakar Community, which includes sub-communities such as Dhor, Chambhar, Holar, Mochi, etc. -
Where Can I Find The URL To The Official Website Of LIDCOM?
The official website URL can be found on the Government of Maharashtra’s portal or by directly contacting LIDCOM. -
What Is The Address Of The Managing Director Office Of LIDCOM?
The address of the Managing Director’s Office is not provided here; please refer to the official LIDCOM contact details for this information. -
Where Can I Find The Addresses Of The Regional Offices And The District Offices Of LIDCOM?
The addresses for the Regional and District Offices are available on the official LIDCOM website or can be obtained by contacting the corporation directly. -
Is There A Customer Support Number For LIDCOM?
A customer support number is typically provided on the official LIDCOM website; please refer to it for the latest contact information. -
Where Can I Find The Format Of The Application Form? Is It Available Online?
The application form is available offline from the District Office of LIDCOM and is not provided online. -
Is There An Age-Related Criterion For This Scheme?
Yes, the applicant must be in the age group of 18 to 50 years. -
Is There An Income-Related Criterion For This Scheme?
Yes, the annual income of the applicant’s family should be less than or equal to ₹1,00,000/-.