LIDCOM Margin Money Loan Scheme
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.
About the LIDCOM Margin Money Loan Scheme Scheme
Being implemented particularly for the (Scheduled Caste) Charmakar Community, the "Margin Money Loan Scheme" is a scheme by the Leather Industries Development Corporation (LIDCOM), Govt. of Maharashtra. 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 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.
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Only citizens who are permanent residents of the state 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 and with an intention to develop them educationally, economically, and socially so as to give them a respectable place in society.
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.
How to Apply for LIDCOM Margin Money Loan Scheme
Application mode: Offline
Frequently Asked Questions
What is the LIDCOM Margin Money Loan Scheme scheme?
Being implemented particularly for the (Scheduled Caste) Charmakar Community, the "Margin Money Loan Scheme" is a scheme by the Leather Industries Development Corporation (LIDCOM), Govt. of Maharashtra. In this scheme, for a loan limit from ₹50,001 to ₹5,00,000/-, 20%…
Who is eligible for LIDCOM Margin Money Loan Scheme?
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…
What benefits does LIDCOM Margin Money Loan Scheme provide?
LIDCOM Margin Money Loan Scheme provides government benefits to eligible applicants. See the benefits section for specifics.
How can I apply for LIDCOM Margin Money Loan Scheme?
You can apply for LIDCOM Margin Money Loan Scheme via Offline. Follow the step-by-step process in the "How to Apply" section above.
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
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