The LIDCOM Margin Money Loan Scheme is a flagship initiative by the Leather Industries Development Corporation (LIDCOM), Government of Maharashtra, specifically designed to support the economic upliftment of the Charmakar community (including Dhor, Chambhar, Holar, Mochi, etc.). This scheme provides subsidized financial assistance to eligible beneficiaries for starting their own business or entrepreneurship ventures.
By combining contributions from the Government, Banks, and Beneficiaries, the scheme promotes inclusive development through easy loan repayment options, a low interest rate, and a direct subsidy for eligible Scheduled Caste applicants.
Benefits of the LIDCOM Loan Scheme
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Loan Range: ₹50,001 to ₹5,00,000
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Seed Capital (20%): Paid by LIDCOM at a concessional 4% interest per annum
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Subsidy: Up to ₹10,000 directly paid by LIDCOM
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Beneficiary Share: Only 5% of the project cost is to be contributed by the applicant
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Bank Loan: Remaining 75% of the project cost financed by partnering banks at prevailing interest rates
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Repayment Period: Easy installment options ranging from 36 to 60 months
Eligibility Criteria
To apply for this scheme, applicants must fulfill the following conditions:
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Must be a citizen of India
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Must be a permanent resident of Maharashtra
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Age limit: 18 to 50 years
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Must belong to the Charmakar community (Dhor, Chambhar, Holar, Mochi, etc.)
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Annual family income should be less than or equal to ₹1,00,000
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Should have basic knowledge of the business activity for which the loan is sought
How to Apply
Below check the step-by-step process to apply for up to ₹5 lakh loan under the LIDCOM Margin Money Loan Scheme for Maharashtra’s Charmakar community and get 20% seed capital & ₹10K subsidy.
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Collect the Application Form
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Visit the District Office of LIDCOM and obtain the prescribed application form.
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Fill Out the Form
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Complete all mandatory fields carefully.
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Affix 2 passport-size photos (signed across).
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Attach self-attested copies of all required documents.
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Submit the Form
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Submit the form along with documents to the respective District Office.
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Acknowledgment
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Collect a submission receipt or acknowledgment with the date and tracking number.
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Necessary Documents
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Aadhaar Card
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Proof of Age (Birth Certificate / 10th or 12th Marksheet)
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Residential Certificate / Domicile Certificate (Maharashtra)
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2 Passport-size Photographs (signed across)
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Caste Certificate issued by an authorized Govt. Officer
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Income Certificate issued by a Government-authorized officer
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Bank Account Details (Account No., IFSC, Branch Name, etc.)
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Loan-related documents or project proposal
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Any other document requested by the District LIDCOM Office
Frequently Asked Questions (FAQs)
Q: What is the main goal of the LIDCOM Margin Money Loan Scheme?
A: The scheme aims to economically empower the Charmakar community in Maharashtra by providing financial assistance for viable business ventures.
Q: What is the full form of LIDCOM?
A: LIDCOM stands for Leather Industries Development Corporation of Maharashtra Ltd.
Q: Who can issue the Caste and Income Certificates?
A: These certificates must be issued by a Government-authorized officer, such as a Tahsildar or Sub-Divisional Magistrate.
Q: Is this scheme state-funded or centrally funded?
A: The scheme is fully funded by the Government of Maharashtra.
Q: Can applicants from other states apply under this scheme?
A: No, only permanent residents of Maharashtra are eligible.
Q: What are the communities included under Charmakar?
A: The scheme includes Dhor, Chambhar, Holar, Mochi, and similar sub-castes recognized as part of the Charmakar community.
Q: Where can I get the application form? Is it available online?
A: Currently, the form is available only offline at LIDCOM District Offices.
Q: What is the official website of LIDCOM?
A: Visit https://lidcom.org for official updates.
Q: What is the address of the LIDCOM Head Office?
A:
Managing Director, LIDCOM
3rd Floor, GT Hospital Complex Building,
Near Crawford Market, Mumbai – 400001
Q: Where can I find the list of LIDCOM regional/district offices?
A: Visit the Contact Us page on the official website to view all addresses.
Q: Is there a helpline or support number for applicants?
A: Yes, contact the LIDCOM office directly at 022-2261-8282 or refer to the official website for region-specific numbers.
Q: What is the age eligibility for the scheme?
A: Applicants must be between 18 to 50 years old.
Q: Is there any income limit?
A: Yes, the applicant’s annual family income must not exceed ₹1,00,000.
Sources and References
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Scheme Guidelines issued by Govt. of Maharashtra
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District LIDCOM Office Documentation
