LIDCOM Margin Money Loan Scheme
in Maharashtra
Last updated:
LIDCOM Margin Money Loan Scheme in Maharashtra
LIDCOM Margin Money Loan Scheme is a government scheme available to eligible residents of Maharashtra.
Apply for LIDCOM Margin Money Loan Scheme in Maharashtra
Scheme Overview
In this scheme, for a loan limit from ₹50,001 to ₹5,00,000/-, 20% of the Project cost loan as Seed Capital is paid by the Corporation @ 4% interest per annum. A maximum of ₹10,000/- will be paid as a subsidy by Corporation. A 5% amount of project cost will have to be contributed by the beneficiary.
Eligibility Criteria
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 Charmakar Community only (Dhor, Chambhar, Holar, Mochi, etc.).
The annual income of the family of the applicant should be less than or equal to ₹1,00,000/-.
The applicant should have knowledge of the business for which he has applied for the loan.
Benefits
For a loan limit from ₹50,001 to ₹5,00,000/-, 20% of the Project Cost Loan as Seed Capital is paid by the Corporation @ 4% interest per annum.
A maximum of ₹10,000/- will be paid as a subsidy by Corporation.
A 5% amount of project cost will have to be contributed by the beneficiary as his share.
Balance 75% of the project cost will be paid by Bank at the existing rate.
The said amount of the loan is to be refunded within 36 to 60 monthly installments.
Required Documents
| # | Document |
|---|---|
| 1 | Aadhaar Card. |
| 2 | Proof of Age (Birth Certificate, Marksheet of Class 10th/12th, etc) |
| 3 | 2-Passport Sized Photograph (Signed Across) |
| 4 | Residential Certificate / Domicile Certificate of the State of Maharashtra. |
| 5 | Loan-related proofs. |
| 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 | Any other document required by the District Office of LIDCOM |
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/acknowledgment of the successful submission of the application form from the District Office.
Offline Step 4: Acquire the receipt/acknowledgment of the successful submission of the application form from the District Office.
Common questions in Maharashtra
Who can apply for LIDCOM Margin Money Loan Scheme in Maharashtra?
Eligible residents of Maharashtra who meet the scheme’s overall criteria can apply for LIDCOM Margin Money Loan Scheme. Refer to the eligibility section above for the complete checklist.
What documents are required for LIDCOM Margin Money 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 the lifestyle of Charmakars (Dhor, Chambhar, Holar, Mochi, etc.) with an intention to develop them educationally, economically, and socially so as to give them a respectable place in society.