| Scheme | Margin Money Loan Scheme |
| Department | Maharashtra Department of Social Justice & Special Assistance [SJSA] |
| Eligibility | SC Charmakar |
| Application Mode | Offline |
| Financial Assistance | Loan limit is from Rs.50,001 to Rs.5,00,000/- |
| Official Website | https://sjsa.maharashtra.gov.in/en/schemes-page |
SJSA Maharashtra Margin Money Loan Scheme
The main object of the Corporation is to implement various schemes to uplift lifestyle of Charmakars (Dhor, Chambhar, Holar,Mochi etc.) who are economically weak and below poverty line and with an intention to develop them educationally, economically and socially so as to give them respectable place in Society. Also production of various types of Footwear & Leather Articles & supply to Government Departments & sale in Open Market.
Eligibility Criteria of SJSA Margin Money Loan Scheme
• Applicant must be of Charmakar Community only.
• Age Limit should be in between 18 to 50 years
• For 50% Subsidy Scheme and Margin Money, Annual Income of the applicants must be below poverty line and for NSFDC Scheme, income for Rural area should be below 98,000/- and for Urban Rs.1,20,000/-.
• Applicants must be permanent resident of Maharashtra State.
• He must produce the Income and Caste Certificate of Authorised Govt.Officer.
• Applicant must have a knowledge of the business for which he has applied for loan.
Benefits of SJSA Margin Money Loan Scheme
The income limit of the beneficiary is same as per 50% subsidy scheme. Loan limit is from Rs.50,001 to Rs.5,00,000/-. There are two parts of this scheme which is based on loan amount Loan between Rs.50,001/- to Rs.1,00,000/- 25% Loan will be given by Corporation @ Rs.4% interest p.a. Maximum Rs.10,000/- will be paid as subsidy by Corporation.
75% loan will be given by Bank @ 9.50% to 12.50% interest p.a.Loan between Rs.1,00,000/- to Rs.2,00,000/- 20% of Project cost loan as Seed Capital will be paid by Corporation @ 4% interest p.a. Maximum Rs.10,000/- will be paid as subsidy by Corporation. 5% amount of project cost will have to be contributed by beneficiary as his share. Balance 75% of project cost will be paid by Bank. The said amount of loan is to be refunded within 36 to 60 monthly installments
Application of SJSA Maharashtra Margin Money Loan Scheme
Application form is available at District Office of LIDCOM. Applicant must fill form and submit to District Office of LIDCOM
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