LIDCOM Education Loan Scheme
in Maharashtra
Last updated:
LIDCOM Education Loan Scheme in Maharashtra
LIDCOM Education Loan Scheme is a government scheme available to eligible residents of Maharashtra.
Apply for LIDCOM Education Loan Scheme in Maharashtra
Scheme Overview
The "Education Loan Scheme" is a scheme by the Leather Industries Development Corporation (LIDCOM), Govt. of Maharashtra. In this scheme, finance of upto ₹ 20,00,000 is provided for post graduate students in the 18-50 years age group from Charmakar Community for studies in India and in abroad.
Eligibility Criteria
The applicant should be a citizen of India.
The applicant should be a permanent resident of Maharashtra State.
The applicant should be from Charmakar Community only (Dhor, Chambhar, Holar, Mochi etc.).
The applicant should be in the 18 to 50 years age group.
The annual income of the family of the applicant should be less than or equal to Rs.3,00,000/-.
The applicant should have a knowledge of the business for which s/he has applied for loan.
Benefits
Education Loan up to ₹10,00,000 for post graduate students in India.
Education Loan up to ₹20,00,000 for post graduate students in abroad.
Rate of Interest for Male Beneficiary: 4% per annum.
Rate of Interest for Female Beneficiary: 3.5% per annum.
Required Documents
| # | Document |
|---|---|
| 1 | Aadhaar Card. |
| 2 | 2-Passport Sized Photograph (Signed Across) |
| 3 | Marksheet / Passing Certificate of the Latest Educational Qualification. |
| 4 | Proof of Admission : Offer Letter or Admission Letter from the Institution. Conditional admission letter may be considered in case of studies abroad. |
| 5 | Residential Certificate / Domicile Certificate of the State of Maharashtra. |
| 6 | Income Certificate issued by an Authorised Govt.Officer. |
| 7 | Caste Certificate issued by an Authorised Govt.Officer. |
| 8 | Details of the Bank Account (Bank Name, Branch Name, Address, IFSC, etc). |
| 9 | A/C statement for last 1 year in case of any previous loan from other Banks/Lenders (if any) |
How to Apply in Maharashtra
Step 1: Take the format of the application form from the District Office of LIDCOM.
Offline Step 1: Take the format of the application form from the District Office of LIDCOM.
Step 2: Fill in all the mandatory fields, paste the passport sized photograph (signed across), and attach all the (self-attested) mandatory documents.
Offline Step 2: Fill in all the mandatory fields, paste the passport sized photograph (signed across), and attach all the (self-attested) mandatory documents.
Step 3: Submit the duly filled and signed application form along with the documents to the District Office.
Offline Step 3: Submit the duly filled and signed application form along with the documents to the District Office.
Step 4: Acquire the receipt/acknowledgement of successful submission of the application form from the District Office.
Offline Step 4: Acquire the receipt/acknowledgement of successful submission of the application form from the District Office.
Common questions in Maharashtra
Who can apply for LIDCOM Education Loan Scheme in Maharashtra?
Eligible residents of Maharashtra who meet the scheme’s overall criteria can apply for LIDCOM Education Loan Scheme. Refer to the eligibility section above for the complete checklist.
What documents are required for LIDCOM Education Loan Scheme in Maharashtra?
Applicants in Maharashtra typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
The main object of this scheme is to implement various schemes to uplift lifestyle of Charmakars (Dhor, Chambhar, Holar,Mochi etc.) with an intention to develop them educationally, economically and socially so as to give them respectable place in Society.