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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.

Ministry / Department
Social Justice and Special Assistance Department
Level
State
Benefit type
cash
Last verified: Recently

What is 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.

Benefit
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.
Level
State — Maharashtra
Ministry / Dept.
Social Justice and Special Assistance Department
Benefit type
cash
Key eligibility
1. The applicant should be a citizen of India. 1. The applicant should be a permanent resident of Maharashtra State. 1. The applicant should be in the 18 to 50 years age group. 1. The applicant should be from Charmakar Community only (Dhor, Chambhar, Holar, Mochi, etc.). 1. The annual income of the
Last verified
Recently

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.

Eligibility

1. The applicant should be a citizen of India. 1. The applicant should be a permanent resident of Maharashtra State. 1. The applicant should be in the 18 to 50 years age group. 1. The applicant should be from Charmakar Community only (Dhor, Chambhar, Holar, Mochi, etc.). 1. The annual income of the Area: MaharashtraBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Offline application — step 1

      Step 1: Take the format of the application form from the District Office of LIDCOM.

    2. Step 2: Offline application — step 2

      Step 2: Fill in all the mandatory fields, paste the passport-sized photograph (signed across), and attach all the (self-attested) mandatory documents.

    3. Step 3: Offline application — step 3

      Step 3: Submit the duly filled and signed application form along with the documents to the District Office.

    4. Step 4: Offline application — step 4

      Step 4: Acquire the receipt/acknowledgment of the successful submission of the application form from the District Office.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

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