LIDCOM Margin Money Loan Scheme

The LIDCOM Margin Money Loan Scheme, spearheaded by the Leather Industries Development Corporation (LIDCOM), Government of Maharashtra, is a targeted financial assistance program designed specifically for members of the Scheduled Caste Charmakar community (including Dhor, Chambhar, Holar, Mochi, etc.) in Maharashtra. This initiative aims to uplift the socio-economic status of these economically disadvantaged individuals by facilitating their entrepreneurial ventures. It provides crucial financial support for project costs ranging from ₹50,001 to ₹5,00,000. The scheme structures its support through a multi-pronged approach: LIDCOM contributes 20% of the project cost as seed capital, offered at a concessional interest rate of 4% per annum. Additionally, beneficiaries receive a direct subsidy of up to ₹10,000 from the Corporation. A key component of the scheme requires beneficiaries to contribute 5% of the total project cost as their own share, fostering a sense of ownership and commitment. The remaining 75% of the project cost is financed by a bank loan at prevailing interest rates. This integrated funding model ensures that eligible individuals receive comprehensive support to establish and grow their businesses, thereby achieving economic independence and social respectability within society. The scheme is a testament to the Maharashtra government's commitment to inclusive development and empowerment of marginalized communities.