LIDCOM Margin Money Loan Scheme

Key facts

Benefit	Subsidy of up to ₹10,000
Who	Charmakar Community residents of Maharashtra
Income limit	₹1,00,000
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 receive a one-time subsidy of up to ₹10,000 and can access loans ranging from ₹50,001 to ₹5,00,000 with a 4% interest rate.

Who can apply

Age 18–50
Household income ≤ ₹1,00,000/year
For: null
Category: SC
Resident of Maharashtra
poor household
not income tax payer
no government employee in family
no family member in government service

Applicants must be permanent residents of Maharashtra, aged between 18 and 50, and belong to the Charmakar community. They should have a family income not exceeding ₹1,00,000 and must not be income tax payers or government employees.

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, attach a signed passport-sized photograph, and include all required documents.
Submit the filled application form along with the documents to the District Office.
Receive a receipt or acknowledgment for the submitted application.

Apply on the official website ↗

Documents required

Aadhaar Card
Proof of Age
2-Passport Sized Photograph
Residential Certificate
Loan-related proofs
Income Certificate
Caste Certificate
Details of the Bank Account

Common problems and how to fix them

Problem	What to do
Application rejected	Ensure all mandatory documents are self-attested and submitted with the application form.
Payment not received	Check with the District Office of LIDCOM for the status of your application and ensure you have the receipt of submission.

Frequently asked questions

What is the purpose of the LIDCOM Margin Money Loan Scheme?

The scheme aims to uplift the lifestyle of the Charmakar community by providing financial assistance for educational, economic, and social development.

Who is eligible to apply for this scheme?

Eligibility is limited to permanent residents of Maharashtra, aged 18 to 50, from the Charmakar community, with a family income not exceeding ₹1,00,000.

What documents are required for the application?

Required documents include an Aadhaar card, proof of age, passport-sized photographs, a residential certificate, income and caste certificates, and bank account details.

Is this scheme funded by the state or central government?

The LIDCOM Margin Money Loan Scheme is fully funded by the Government of Maharashtra.

Can individuals from other states apply for this scheme?

No, only residents of Maharashtra are eligible to apply for this scheme.

What is the maximum subsidy amount provided under this scheme?

The scheme offers a one-time subsidy of up to ₹10,000 to eligible beneficiaries.

Always confirm the latest details on the official portal before applying.