Yozni.Login
Maharashtrabusiness-entrepreneurship

Term Loan Scheme

The scheme aims to uplift the economically disadvantaged Charmakar community (Dhor, Chambhar, Holar, Mochi, etc.) by promoting their educational, economic, and social development, helping them gain a respectable place in society.

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

What is Term Loan Scheme?

The scheme aims to uplift the economically disadvantaged Charmakar community (Dhor, Chambhar, Holar, Mochi, etc.) by promoting their educational, economic, and social development, helping them gain a respectable place in society.

Benefit
> **Loan Amount:** - NSFDC provides Term Loans ranging from ₹1,00,000 to ₹2,50,000 for various schemes, with separate limits for vehicle loans. > **Project Financing:** - NSFDC finances 75% of the project cost. The corporation provides 20% as a Seed Loan. ₹10,000 is provided as a subsidy. - The remaining 5% of the project cost is contributed by the beneficiary. > **Interest Rates:** > **For Loans up to ₹5,00,000:** NSFDC charges 7% per annum. The corporation charges 4% per annum. > **For Loans above ₹5,00,000:** NSFDC charges 8% per annum. The corporation charges 4% per annum. - **Repayment Terms**: Loan instalments are payable monthly over a period of up to 60 months.- **This structure ensures clear and concise information about the Term Loan Scheme for potential beneficiaries.**
Level
State — Maharashtra
Ministry / Dept.
Social Justice and Special Assistance Department
Benefit type
cash
Key eligibility
1. The applicant should be a permanent resident of Maharashtra. 1. The applicant should belong to the Charmakar Community. 1. The applicant's age should be between 18 and 50 years. 1. For the 50% Subsidy Scheme and Margin Money, the applicant's annual income should be below the poverty line. 1. The
Last verified
Recently

Benefits

> **Loan Amount:** - NSFDC provides Term Loans ranging from ₹1,00,000 to ₹2,50,000 for various schemes, with separate limits for vehicle loans. > **Project Financing:** - NSFDC finances 75% of the project cost. The corporation provides 20% as a Seed Loan. ₹10,000 is provided as a subsidy. - The remaining 5% of the project cost is contributed by the beneficiary. > **Interest Rates:** > **For Loans up to ₹5,00,000:** NSFDC charges 7% per annum. The corporation charges 4% per annum. > **For Loans above ₹5,00,000:** NSFDC charges 8% per annum. The corporation charges 4% per annum. - **Repayment Terms**: Loan instalments are payable monthly over a period of up to 60 months.- **This structure ensures clear and concise information about the Term Loan Scheme for potential beneficiaries.**

Eligibility

1. The applicant should be a permanent resident of Maharashtra. 1. The applicant should belong to the Charmakar Community. 1. The applicant's age should be between 18 and 50 years. 1. For the 50% Subsidy Scheme and Margin Money, the applicant's annual income should be below the poverty line. 1. The Area: MaharashtraBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Offline application — step 1

      Step 1: The interested applicant should visit (during office hours) the District Office of the Leather Industries Development Corporation of Maharashtra (LIDCOM), and request the hard copy of the prescribed format of the application form from the concerned authority.

    2. Step 2: Offline application — step 2

      Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required).

    3. Step 3: Offline application — step 3

      Step 3: Submit the duly filled and signed application form along with the documents, within the prescribed period (if any), to the concerned authority.

    4. Step 4: Offline application — step 4

      Step 4: Request a receipt or acknowledgement from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).

    5. Step 5: Offline application — step 5

      NOTE: Ensure that the application is submitted within the prescribed period, if any.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

    Open Official Website