LELS

LIDCOM Education Loan Scheme

6.6/10

The "Education Loan Scheme" is a scheme by the Leather Industries Development Corporation (LIDCOM), Govt. of Maharashtra. In this scheme, finance of upto ₹ 20,00,000 is provided for post graduate students in the 18-50 years age group from Charmakar Community for studies in India and in abroad.

State Cash

States / UT: Maharashtra

Nodal department: Social Justice and Special Assistance Department

Scheme for: Individual

Scheme profile

Categories: Education & Learning, Banking,Financial Services and Insurance, Social welfare & Empowerment

Sub-categories: Scholarships and student finance, Loan, Citizen empowerment

Target beneficiaries: Individual

Tags: Loan, Education, Student, Postgraduation, Scheduled Caste

Details

Being implemented since the year 2009, the "Education Loan Scheme" is a scheme by the Leather Industries Development Corporation (LIDCOM), Govt. of Maharashtra. In this scheme, finance of upto ₹ 20,00,000 is provided for post graduate students in the 18-50 years age group from Charmakar Community for studies in India and in abroad. Only the citizens who are a permanent resident of the state of Maharashtra are eligible to apply to this scheme. This is a Central Government Scheme and the funding for this scheme come from the National Scheduled Castes Finance and Development Corporation, New Delhi (NSFDC). The main objective of LIDCOM 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.

Benefits

  • [ [ { "children": [ { "text": "Education Loan up to ₹10 00 000 for post graduate students in India." } ] }
  • { "children": [ { "text": "Education Loan up to ₹20 00 000 for post graduate students in abroad." } ] }
  • { "children": [ { "text": "Rate of Interest for Male Beneficiary: 4% per annum." } ] }
  • { "children": [ { "text": "Rate of Interest for Female Beneficiary: 3.5% per annum." } ] } ] ]

Education Loan up to ₹10,00,000 for post graduate students in India.

Education Loan up to ₹20,00,000 for post graduate students in abroad.

Rate of Interest for Male Beneficiary: 4% per annum.

Rate of Interest for Female Beneficiary: 3.5% per annum.

Eligibility

  • The applicant should be a citizen of India.
  • The applicant should be a permanent resident of Maharashtra State.
  • The applicant should be from Charmakar Community only (Dhor, Chambhar, Holar, Mochi etc.).
  • The applicant should be in the 18 to 50 years age group.
  • The annual income of the family of the applicant should be less than or equal to Rs.3,00,000/-.
  • The applicant should have a knowledge of the business for which s/he has applied for loan.

How useful is this scheme?

Public benefit analysis

A practical look at this scheme for citizens

AI-generated insights showing how useful, accessible, and practical this scheme may be — combining deterministic scoring rules with a public-policy LLM analyst.

6.6
/ 10
Public Benefit Score
Accessibility 6.0/10 Moderate
Rural usefulness 6.0/10 Moderate
Application complexity 6.0/10 Moderate
Financial impact 9.5/10 Good
Literacy barrier 2.0/10 Good
Women inclusivity 7.0/10 Good
Awareness 4.5/10 Moderate
Implementation reliability 8.0/10 Good
Bigger shape means a better fit for citizens
  • Accessibility6.0
  • Financial impact9.5
  • Rural utility6.0
  • Awareness4.5
  • Simplicity4.0
  • Inclusivity7.0

What problem does this scheme solve?

The LIDCOM Education Loan Scheme provides financial support for post-graduate education to individuals from the Charmakar community in Maharashtra, addressing educational upliftment.

Key challenges addressed

  • Access to higher education for economically weaker sections
  • Financial support for post-graduate studies

Most beneficial for

  • Individuals from Charmakar community
  • Post-graduate students

Likely challenges

  • Limited awareness among potential beneficiaries
  • Complex application process for semi-literate individuals

Practical insights for citizens

Practical for eligible individuals but challenging for those with limited resources

Rural challenges

  • Limited access to information
  • Transportation to District Office

Digital challenges

  • Low digital literacy
  • Limited online resources

Implementation bottlenecks

  • Dependence on government officer for document verification

Awareness challenges

  • Low awareness among target beneficiaries

Application analysis

Application mode
Offline office
Documents burden
Moderate, requires several self-attested documents
Verification complexity
Moderate, involves government officer verification
Office dependency
High, requires visit to District Office
DBT dependency
None
CSC support
Limited
Estimated citizen effort
High, due to multiple steps in the application process

Estimated beneficiary reach

  • Rural / urban reach Moderate
  • Gender reach Inclusive
  • Target income group Low-income families with annual income ≤ ₹3,00,000
  • Occupation reach Students from specific communities

Benefit analysis

Benefit type
Cash
Benefit frequency
One-time loan disbursement
Benefit practicality
High, as it provides substantial financial support for education
Financial meaningfulness
High, as the loan amount can significantly impact educational opportunities
Long-term impact
Positive, as it aims to uplift the educational and economic status of the community

Plain-language guidance

The LIDCOM Education Loan Scheme helps individuals from the Charmakar community in Maharashtra get financial support for post-graduate studies. Applicants must meet specific eligibility criteria.

Who should apply
Individuals aged 18-50 from the Charmakar community in Maharashtra
Who may struggle
Semi-literate individuals and those unfamiliar with the application process
Best application route
Apply directly at the District Office of LIDCOM with required documents

This intelligence section is generated by an AI policy analyst combined with rule-based scoring. Scores and narrative are estimates derived from the publicly available scheme information shown on this page; actual experience may vary by state, district, and department. Always confirm details on the official portal before you apply.

Application Process

Offline

Step 1: Take the format of the application form from the District Office of LIDCOM.

Step 2: Fill in all the mandatory fields, paste the passport sized photograph (signed across), and attach all the (self-attested) mandatory documents.

Step 3: Submit the duly filled and signed application form along with the documents to the District Office.

Step 4: Acquire the receipt/acknowledgement of successful submission of the application form from the District Office.

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

What Are The Objectives Of This Scheme?

The main object of this scheme is to implement various schemes to uplift lifestyle of Charmakars (Dhor, Chambhar, Holar,Mochi etc.) with an intention to develop them educationally, economically and socially so as to give them respectable place in Society.

What Is The Full-Form Of LIDCOM?

The full-form of LIDCOM is "Leather Industries Development Corporation".

If Required As A Mandatory Document, By Whom Should The Income Certificate And Caste Certificate Be Issued?

The Income Certificate and Caste Certificate should be issued by an Authorised Govt.Officer.

Is This A State Funded Or A Centrally Funded Scheme?

This is a Centrally Funded scheme.

Can Applicants From The Neighbouring States Gujarat, Madhya Pradesh, Chhattisgarh, Telangana Etc Also Apply To This Scheme?

No, only the citizens who are permanent resident of the state of Maharashtra are eligible to apply.

What Is The Source Of Funding For This Scheme?

The scheme receives its funding from NSFDC, New Delhi.

What Are The Sub-Communities Under Charmakars Community?

The following are the sub-communities under Charmakars Community: Dhor, Chambhar, Holar, Mochi etc.

Where Can I Find The URL To The Official Website Of LIDCOM?

The URL to the official website of LIDCOM is - https://www.lidcom.co.in/

Where Can I Find The URL To The Official Website Of LIDCOM?

The URL to the official website of LIDCOM is - https://www.lidcom.co.in/

What Is The Full-Form Of NSFDC?

The full-form of NSFDC is "National Scheduled Castes Finance and Development Corporation".

What Is The Address Of The Managing Director Office Of LIDCOM?

The address of the Managing Director Office of LIDCOM is: Bombay Life Building, 5th Floor, 45, Veer Nariman Road, Mumbai - 400 001.

Where Can I Find The Addresses Of The Regional Offices And The District Offices Of LIDCOM?

The addresses of the Regional Offices and the District Offices of LIDCOM can be found at - http://www.lidcom.co.in/contact.php

Is There A Customer Support Number For LIDCOM?

Yes, the Customer Support Number for LIDCOM is 022-22044186.

What Is The Maximum Amount Of Education Loan That A Student May Be Eligible For Post Graduate Studies In India?

A student may be eligible for Education Loan of up to ₹10,00,000 for post graduate studies in India.

What Is The Maximum Amount Of Education Loan That A Student May Be Eligible For Post Graduate Studies Abroad?

A student may be eligible for Education Loan of up to ₹20,00,000 for post graduate studies abroad.

Is There An Age-Related Criteria For This Scheme?

Yes, the age of the applicant should be between 18-50 years.

Where Can I Find The Format Of The Application Form? Is It Available Online?

The format of the application form is available at District Offices of LIDCOM.

References

Guidelines (LIDCOM)
https://www.lidcom.co.in/education-loan-scheme.php
Guidelines (SJSAD)
https://sjsa.maharashtra.gov.in/en/scheme-category/education-training

Apply

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Frequently asked questions

What is the purpose of LIDCOM Education Loan Scheme?
LIDCOM Education Loan Scheme is a government welfare initiative designed to support Individual, Individual through benefits related to Education & Learning, financial assistance, subsidies, social welfare, healthcare, education, or livelihood support.
Who can apply for LIDCOM Education Loan Scheme?
Eligibility for LIDCOM Education Loan Scheme may depend on factors such as income category, age, gender, occupation, state of residence, social category, and government-defined beneficiary criteria.
What benefits are offered under LIDCOM Education Loan Scheme?
Benefits under LIDCOM Education Loan Scheme may include financial assistance, subsidies, scholarships, insurance support, healthcare benefits, pension support, training assistance, or welfare services depending on the scheme guidelines.
Which department manages LIDCOM Education Loan Scheme?
LIDCOM Education Loan Scheme is managed by Social Justice and Special Assistance Department and may be implemented through district offices, online portals, CSC centres, banks, or authorised government agencies.
Can users apply online for LIDCOM Education Loan Scheme?
Yes, eligible applicants may be able to apply online for LIDCOM Education Loan Scheme through official government portals, authorised service centres, or digital application systems depending on the implementation process.
Is Aadhaar mandatory for LIDCOM Education Loan Scheme?
Many government schemes may require Aadhaar verification, identity proof, or linked bank account details for beneficiary validation and direct benefit transfer processing.
Where can users apply for LIDCOM Education Loan Scheme?
Applications for LIDCOM Education Loan Scheme may be submitted through government departments, official scheme portals, CSC centres, district offices, welfare departments, or authorised service centres.
What documents may be required for LIDCOM Education Loan Scheme?
Applicants may need Aadhaar card, income certificate, residence proof, bank account details, caste certificate, photographs, educational records, or occupation-related documents depending on scheme eligibility requirements.
Is income certificate required for LIDCOM Education Loan Scheme?
Income certificate requirements may vary depending on beneficiary category, subsidy eligibility, and financial assistance criteria defined under LIDCOM Education Loan Scheme.
Is LIDCOM Education Loan Scheme available in all states?
No, LIDCOM Education Loan Scheme is primarily available for eligible residents of Maharashtra and may be implemented through state government departments and local administrative offices.
Can residents outside Maharashtra apply for LIDCOM Education Loan Scheme?
Eligibility for LIDCOM Education Loan Scheme is generally limited to residents of Maharashtra unless otherwise specified in the official scheme guidelines.
Can students apply for LIDCOM Education Loan Scheme?
Eligible students studying in recognised institutions may apply for LIDCOM Education Loan Scheme depending on educational qualification, category, income limit, and academic eligibility.
Is scholarship amount provided under LIDCOM Education Loan Scheme?
LIDCOM Education Loan Scheme may provide scholarship assistance, tuition support, educational reimbursement, or financial aid for eligible students.
Does LIDCOM Education Loan Scheme provide healthcare or insurance support?
LIDCOM Education Loan Scheme may provide healthcare assistance, insurance coverage, cashless treatment support, medical reimbursement, or hospital-related benefits depending on the scheme structure.
Can beneficiaries use LIDCOM Education Loan Scheme at government hospitals?
Eligible beneficiaries may be able to access services at empanelled hospitals, government healthcare facilities, or authorised healthcare providers depending on scheme participation rules.
Can CSC centres help users apply for LIDCOM Education Loan Scheme?
Many government schemes may be accessible through nearby CSC centres, authorised digital service centres, or welfare facilitation offices.
How can users check the latest updates for LIDCOM Education Loan Scheme?
Users should verify official notifications, department announcements, application deadlines, and eligibility updates through authorised government portals or implementing agencies.
Can beneficiaries track application status for LIDCOM Education Loan Scheme?
Certain schemes may provide online application tracking, beneficiary verification systems, or status-check facilities through official portals.
Where can users get help for LIDCOM Education Loan Scheme in Maharashtra?
Users in Maharashtra may seek assistance through CSC centres, district welfare offices, government departments, agriculture offices, social welfare departments, or authorised facilitation centres.
Which nearby public services may help with LIDCOM Education Loan Scheme applications?
Depending on the scheme, users may require support from Aadhaar centres, CSC centres, banks, hospitals, post offices, or government welfare offices for document verification and application assistance.