LIDCOM Education Loan Scheme
LIDCOM Education Loan Scheme offers financial support for post-graduate studies to eligible students from the Charmakar community in Maharashtra.
Key facts
| Benefit | Loan up to ₹20 lakh for studies abroad |
|---|---|
| Who | Residents of Maharashtra from SC community |
| Income limit | ₹3 lakh per annum |
| Age limit | 18 to 50 years |
| Implemented by | Leather Industries Development Corporation (LIDCOM) |
| Official portal | https://www.lidcom.co.in/ |
| Application window | Open all year for eligible applicants. |
Benefits
Beneficiaries can receive loans up to ₹20,00,000 for studies abroad and ₹10,00,000 for studies within India. The interest rates are 4% for male beneficiaries and 3.5% for female beneficiaries.
Who can apply
- Age 18–50
- Household income ≤ ₹3,00,000/year
- Category: SC
- Resident of Maharashtra
- poor household
- not income tax payer
- no government employee in family
Applicants must be permanent residents of Maharashtra, aged between 18 and 50, and belong to the Charmakar community. Additionally, their family's annual income should not exceed ₹3,00,000, and they should not be income tax payers or have government employees in their family.
How to apply
Applications must be submitted offline at the District Office of LIDCOM.
- Obtain the application form from the District Office of LIDCOM.
- Complete the form, affix a signed passport-sized photograph, and attach all required documents.
- Submit the filled application form along with the documents to the District Office.
- Collect the receipt or acknowledgment of submission from the District Office.
Documents required
- Aadhaar Card
- 2-Passport Sized Photograph (Signed Across)
- Marksheet / Passing Certificate of the Latest Educational Qualification
- Proof of Admission: Offer Letter or Admission Letter from the Institution
- Residential Certificate / Domicile Certificate of the State of Maharashtra
- Income Certificate issued by an Authorised Govt. Officer
- Caste Certificate issued by an Authorised Govt. Officer
- Details of the Bank Account (Bank Name, Branch Name, Address, IFSC, etc)
- A/C statement for last 1 year in case of any previous loan from other Banks/Lenders (if any)
Common problems and how to fix them
| Problem | What to do |
|---|---|
| Application not acknowledged | Ensure that the application form is submitted to the District Office and obtain a receipt for confirmation. |
| Loan amount not disbursed | Check with the District Office for any pending documentation or verification required for loan processing. |
Frequently asked questions
Who is eligible to apply for this scheme?
Eligibility is limited to permanent residents of Maharashtra from the Charmakar community, aged 18 to 50, with a family income not exceeding ₹3,00,000.
What documents are required for the application?
Required documents include an Aadhaar card, photographs, educational certificates, proof of admission, residential and income certificates, and a caste certificate.
Is this scheme available for students from other states?
No, only residents of Maharashtra are eligible to apply for the LIDCOM Education Loan Scheme.
What is the maximum loan amount available for studies abroad?
Students can receive a loan of up to ₹20,00,000 for post-graduate studies abroad.
What is the interest rate for female beneficiaries?
Female beneficiaries are offered a lower interest rate of 3.5% per annum.
Where can I find the application form?
The application form can be obtained from the District Offices of LIDCOM.
Always confirm the latest details on the official portal before applying.
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